27
Jul
08:19
Huaming terminates reorganisation with Xinhai
Shanghai Huaming Power Equipment Co., Ltd. (Huaming) has stopped its plan to reorganise Shandong Xinhai New Materials Company (Xinhai) and given up its purchase of 100% of shares, according to its announcement on 26 July, Kallanish notes.
Huaming stated that the major asset reorgnisation was terminated because the two companies could not reach agreement on the transaction intentions and subsequent arrangements. Huaming had stopped trading of its sha…
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