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Guangzhi Technology: Termination of the issuance of shares and cash payment for asset acquisition
Jin10 data June 27 news, Guangzhi Technology announced that the company has decided to terminate the issuance of shares and the cash payment to acquire 100% of Xiandao Electric Technology’s shares and related transactions for raising matching funds. The company and some trading counterparties failed to reach an agreement on commercial terms, and the restructuring matters have taken a long time, with changes in the external environment. The termination of the restructuring matters does not affect the company’s normal production and operation, and the company promises not to plan major asset restructuring matters within one month after the announcement is disclosed.