Jun 02, 2021 07:37 PM (GMT+8) · EqualOcean
Huaxin Xincai announced that due to the failure to reach an agreement on some core terms such as the payment method, the relevant parties of the transaction decided to stop planning to issue shares and pay cash to purchase assets and raise supporting funds. The trading of the company's shares was resumed since the market opened on June 3. Huaxin Xincai originally planned to acquire 70% equity of Chengdu Tianke Precision Manufacturing Co., Ltd. and raise supporting funds.