Did Tiansheng Chemical Fiber acquire Tianma Industry?

Tiansheng Chemical Fiber acquired Tianma Industry. According to the announcement of Tiansheng Chemical Fiber and Tianma Industry, Tiansheng Chemical Fiber intends to acquire 0/00% equity of Tianma Industry/KLOC by issuing shares and paying cash. Specifically, Tiansheng Chemical Fiber plans to issue no more than 65.438+0.96 billion shares and pay no more than 780 million yuan in cash to purchase all the shares of Tianma Industry. After the transaction is completed, Tianma Industry will become a wholly-owned subsidiary of Tiansheng Chemical Fiber.