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Yingli Shares: Suspension of Review for the Issuance of Shares to Purchase Assets
Yingli Corporation announced that it plans to acquire 77.9385% of Shenzhen Youte Li Energy Co., Ltd. through a combination of share issuance and cash payment, and will raise supporting funds. Due to the financial data in the restructuring application documents being past the validity period, the Shenzhen Stock Exchange has suspended the review of the company’s restructuring. The company stated it will continue to promote the restructuring process, update the financial data as soon as possible, and apply to resume the review.