Doright Suspends Share Trading Amid Asset Acquisition Plans

MT Newswires Live06-30

Doright (SHE:300950) on Monday suspended the trading of its shares as it plans a major asset acquisition involving Whale Cloud Technology.

Whale Cloud is an IT service provider with business in telecom and cloud infrastructure, according to a Monday filing with the Shenzhen bourse.

The company has signed preliminary agreements with key shareholders and expects to disclose a full plan by July 14.

Doright supplies equipment for energy saving and waste heat recycling.

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