HuaSheng Electrical Appliance (002670.SZ) announced on late Wednesday that it plans to purchase 100 percent equities of Golden Sun Securities with 6.93 billion yuan.
According to a company filing, HuaSheng Electrical Appliance would issue 258.1967 million A-shares at 13.42 yuan per share to raise 3.465 billion yuan. Another half worth 3.5 billion yuan will be paid in cash. The company has suspended its share trading.
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