News summary
[Huarong Holdingsnewslotgames: Termination of the purchase of 100% equity interest in Kaicao Optoelectronics] Securities Times e Company Newsnewslotgames, Huarong Holdings (600421) announced on the evening of May 10 that the company originally planned to purchase 100% equity of Pioneer Optoelectronics and raise matching funds by issuing shares and paying cash. In view of the rectification of the main products of the target companynewslotgames.newslotgames..
Newsletter text
[Huarong Holdings: Terminates the purchase of 100% equity in Kaifeng Optoelectronics] Securities Times e Company News, Huarong Holdings (600421) announced on the evening of May 10 that the company originally planned to purchase 100% equity in Kaifeng Optoelectronics by issuing shares and paying cash. Raise matching funds. In view of the fact that the main products of the target company were affected by the overall market environment, the demand in the terminal market recovered lower than expected, which had a significant impact on the smooth progress of this transaction evaluation work. After careful study and consensus by all parties to the transaction, a termination agreement for this transaction was signed and this major asset reorganization was terminated. The company promises not to plan material asset reorganization matters for at least one month from the date of announcement disclosure of the termination of this material asset reorganization matters.
