Chengdu Huasun Technology Group Inc., Ltd. (000790.SZ) announced that it will hold the 13th board of directors meeting on July 10, 2024...
China Securities News (APP): Chengdu Huasun Technology Group Inc., Ltd. (000790.SZ) announced that it will hold the 14th meeting of the 13th board of directors and the 10th meeting of the 13th supervisory board on July 10, 2024, and passed the 'Proposal on Terminating Asset Purchase With Shares and Raising Supporting Funds Plan and Related Party Transactions' and decided to terminate the transaction.
Since the company announced the transaction and began planning it, the relevant parties have actively pushed forward the restructuring work in strict accordance with relevant laws, regulations, and normative documents. However, considering that the transaction has taken a long time since it was planned and there have been significant changes in the industry in which the target company operates compared to the beginning of the transaction planning, in order to effectively protect the interests of investors, based on cautious considerations, the company intends to terminate the restructuring and sign a termination agreement with all parties involved in the transaction after friendly consultation, careful research, and full demonstration.