ebingoonline| *ST Tongzhou: Termination of the issuance of shares and payment of cash to purchase assets and raising supporting funds

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ebingoonline| *ST Tongzhou: Termination of the issuance of shares and payment of cash to purchase assets and raising supporting funds

*ST Tongzhou (Rights Protection) announced that the company originally planned to issue shares and pay cash to purchase 100% equity of Xiamen Kuaiyun Co., Ltd. held by 17 counterparties including Zhu Dan and Liu Mingxing, and at the same time issue shares to Fujian Tengxu Industrial Co., Ltd. Raise matching funds. All parties to the transaction conducted the transaction plan for this major asset reorganizationebingoonlineAfter many demonstrations and consultations, it is believed that there is greater uncertainty in continuing to advance this major asset reorganization at this stage. After careful study, the company and all parties to the transaction negotiated to terminate the transaction.

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Category: Economics

Title: ebingoonline| *ST Tongzhou: Termination of the issuance of shares and payment of cash to purchase assets and raising supporting funds

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