First Deal in the Year of the Horse! Riamb Technology's M&A Restructuring Got the Green Light from SSE

People's Financial News, March 4 — According to information published on the official website of the Shanghai Stock Exchange (SSE), on March 4, the proposal by Riamb Technology to issue shares and pay cash for asset acquisition and to raise supporting funds was reviewed and approved by the SSE's Mergers and Acquisitions and Restructuring Review Committee, becoming the first M&A restructuring project to receive approval in the Year of the Horse. It is reported that Riamb Technology plans to issue shares and pay cash to acquire 100% equity interest in Suzhou Suike Intelligent Technology Co., Ltd., and to issue shares to no more than 35 specific investors to raise supporting funds.

Since the release of the "M&A Six Measures" policy, the M&A and restructuring market on the SSE has continued to gain momentum. Focusing on key areas such as industrial integration, technological innovation, state-owned enterprise reform, and transformation and upgrading, the SSE has continuously optimized its restructuring review process and improved supporting services, supporting listed companies in enhancing quality and efficiency through M&A and restructuring, and injecting strong impetus into high-quality development of the real economy and the growth of new quality productive forces. (Securities Times, Zhang Shuxian)