What happened
Tianyuan Pet (301335.SZ) announced that its plan to acquire 89.7145% of Guangzhou Taotong Technology via share issuance and cash has been approved by the Shenzhen Stock Exchange's M&A review committee.
The company also plans to raise supporting funds by issuing shares to up to 35 specific investors. The deal still requires approval from the China Securities Regulatory Commission before implementation.
Why it matters
This approval marks a key regulatory step for Tianyuan Pet's expansion through acquisition, potentially strengthening its market position in the pet industry.
The transaction's completion remains uncertain until CSRC approval, highlighting ongoing regulatory oversight in M&A activities.
Key facts
Tianyuan Pet plans to acquire 89.7145% of Guangzhou Taotong Technology.
The acquisition involves issuing shares and paying cash.
The Shenzhen Stock Exchange's review committee approved the deal on September 9, 2026.
The deal is subject to CSRC approval for registration.
What to watch next
Investors should monitor whether the CSRC grants approval for the transaction's registration.
The outcome of the share issuance to raise supporting funds will be a key development to track.
