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Hang Zhou Radical Energy-Saving Technology announced the termination of the acquisition as the shareholder shareholding plan expires, temporarily suspending the extension of the industry chain. | Quick Read Announcement
①The trading price of the target company has not been announced yet, hang zhou radical energy-saving technology's move into the screw competition track has been "withdrawn"; ②When hang zhou radical energy-saving technology officially announced the termination of the acquisition, there was only one day left before the completion of Hangzhou Juwo, the acting party of the actual controller of the company, in this round of shareholding reduction plan; ③At that time, hang zhou radical energy-saving technology expressed that this equity acquisition would help the company further explore the research and application of products in emerging fields such as precision transmission and smart equipment.
Hang Zhou Radical Energy-saving Technology (300652.SZ): Terminates intention to acquire equity.
Gelonghui, November 21丨Hang Zhou Radical Energy-Saving Technology (300652.SZ) announced that the company signed a "Equity Acquisition Intent Agreement" on October 22, 2024, with Shanghai Deez Precision Machinery Co., Ltd. and its shareholders, Shanghai Shifeng Business Information Consultation Partnership (Limited Partnership) and four other shareholders, intending to acquire 51% of the equity of the target company by acquiring part of the equity held by the above shareholders and increasing the capital of the target company. Since the signing of the intent agreement, the company has actively communicated and negotiated with the parties involved in this equity acquisition, but as of the date of this announcement, the parties have still not reached an agreement on the transaction.
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