NB CONSTRUCTION(SH:601789) Zheng Quan Zhi Xing·2025-06-30 16:22Core Viewpoint - Ningbo Construction Co., Ltd. has announced the suspension of the review process for its application to issue shares for asset acquisition, specifically for the purchase of Ningbo Transportation Engineering Construction Group Co., Ltd. [1] Group 1: Transaction Overview - The company received a notice from the Shanghai Stock Exchange on June 30, 2025, indicating that the review of its application for issuing shares to purchase assets has been suspended [1]. - The suspension is due to the expiration of the evaluation materials included in the application documents, necessitating an extension of the evaluation and updates to the relevant content [1]. Group 2: Progress of the Transaction - The company received a notice of acceptance for its application on December 31, 2024, and disclosed the draft report for the asset purchase on January 3, 2025 [2]. - Subsequent communications included an inquiry letter from the Shanghai Stock Exchange on January 10, 2025, and responses to the inquiries were disclosed on March 15, 2025 [2]. - The company received a notice to resume the review process on May 19, 2025, and disclosed a revised response to the inquiry on May 20, 2025 [2]. Group 3: Impact of Suspension and Future Arrangements - The suspension of the review is not expected to have a significant adverse impact on the transaction, and the company's operations remain normal [4]. - The company is actively working with relevant intermediaries to expedite the extension of the evaluation and update the application documents, aiming to submit the updated materials to the Shanghai Stock Exchange promptly [4].