HENGFENG PAPER(SH:600356) Shang Hai Zheng Quan Bao·2025-10-08 19:04Core Viewpoint - The company, Mudanjiang Hengfeng Paper Co., Ltd., has announced the suspension of the review process for its application to acquire 100% equity of Sichuan Jinfeng Paper Co., Ltd. through a share issuance, due to the need for updated financial data [1][2]. Group 1: Transaction Overview - The company received a notice from the Shanghai Stock Exchange on September 30, 2025, indicating that the review of its share issuance for asset acquisition has been suspended [1]. - The financial data in the application was based on an audit report with a reference date of December 31, 2024, necessitating an extension of the audit period to ensure data validity [1][2]. - The company had previously submitted its application on June 27, 2025, and disclosed related documents on July 1, 2025, followed by a response to an inquiry from the exchange on August 30, 2025 [2]. Group 2: Impact 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 [2]. - The company is actively working with relevant intermediaries to complete the extended audit and update the application documents, with plans to resubmit to the Shanghai Stock Exchange once the updates are finalized [2].