000861SZSE

Announcement on Termination of Planning for Issuing Shares to Purchase Assets and Resumption of Stock Trading

Haiyin Co., Ltd.··5 pages

✨ AI Summary

Guangdong Haiyin Group Co., Ltd. has decided to terminate its plan to issue shares for asset acquisition due to uncertainties and lack of consensus on key terms. The company's stock will resume trading on August 1, 2024, after being suspended since July 18, 2024. The decision aims to protect shareholder interests and maintain normal business operations.

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Full Translation

AI Translation· azure_openai

Announcement of Guangdong Haiyin Group Co., Ltd. (2024)

The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Stock Code: Haiyin Shares
Stock Abbreviation: 000861
Announcement Number: 2024-52

Special Reminder:

Guangdong Haiyin Group Co., Ltd. stock (stock abbreviation: Haiyin Shares; stock code: 000861) will resume trading on August 1, 2024 (Thursday) at market opening.

1. Basic Situation of the Planned Issuance of Shares for Asset Acquisition

  1. Reason for Planning the Issuance of Shares for Asset Acquisition
    The company primarily engages in commercial property operation and financial services and is currently accelerating its expansion into the new energy sector. To further enrich and improve the company's layout in the new energy business, the company planned to acquire companies that could create synergies with its existing new energy business while maintaining normal operations.

  2. Transaction Plan Introduction
    Target Company Situation
    The target asset for this issuance of shares for asset acquisition is a 51% equity stake in Jiangsu Judian New Energy Co., Ltd.
    Main Transaction Counterparty
    Fujian Judian New Energy Co., Ltd., which holds a 60% stake in Jiangsu Judian.
    Transaction Method
    The transaction is expected to be conducted through the issuance of shares and cash payment for asset acquisition.

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