Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com September 24 news, Ziguang shares issued an announcement today, the company announced on May 27, 2023, "2023 A shares to specific targets of the preliminary plan", to specific targets to issue shares to raise funds to acquire 49% of the holding subsidiary Xinhua Group Co., Ltd. (hereinafter referred to as "Xinhua 3"). According to the relevant provisions of the measures for the Administration of Major Asset reorganization of listed companies, this transaction constitutes a major asset restructuring. Considering that this transaction will be implemented after the completion of the issuance of shares to specific targets, combined with factors such as the company's own monetary and capital situation and financing arrangements, in order to smoothly promote the implementation of this transaction and the related work of issuing shares to specific targets, the company decided to complete the work of issuing shares to specific objects first, and then to promote major asset restructuring related matters. Therefore, at present, the company first terminates the major asset restructuring-related matters; after the completion of the issuance of shares to specific objects, the company will promote the major asset restructuring-related matters of this transaction.

Earlier, Ziguang announced that it planned for Ziguang International Information Technology Co., Ltd., a wholly-owned subsidiary, to buy its 38 per cent stake in Xinhua from H3C Holdings Limited in cash and 31 per cent in Xinhua from Izar Holding Co in cash, resulting in a total acquisition of 49 per cent of Xinhua.

The announcement said that the termination of this major asset restructuring-related matters does not involve any supplement or amendment to the signed transaction agreement, does not have a material impact on the transaction, and the company's purchase of a 49% stake in Xinhua continues to be carried out.

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