---
title: "Aokang International terminates the additional issuance acquisition matter and resumes trading on January 8"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/224175290.md"
description: "Aokang International announced the termination of the additional issuance to acquire Lianhe Storage Technology (Jiangsu) Co., Ltd., as the parties involved failed to reach an agreement on the specific plan. The company stated that this decision is to protect the interests of all shareholders and will not affect the normal operation and development of the company. The company's stock will resume trading on January 8, 2025"
datetime: "2025-01-07T10:01:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/224175290.md)
  - [en](https://longbridge.com/en/news/224175290.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/224175290.md)
---

# Aokang International terminates the additional issuance acquisition matter and resumes trading on January 8

According to the Zhitong Finance APP, Aokang International (603001.SH) announced that on December 24, 2024, the company disclosed the "Announcement on the Suspension of Planning to Issue Shares for Asset Acquisition" (Announcement No.: Lin 2024-057). The company intends to plan to acquire equity in Lianhe Storage Technology (Jiangsu) Co., Ltd. through the issuance of shares and/or cash payment (referred to as "this transaction"). As of now, the parties involved in the transaction have not reached a final substantive agreement on the specific plan and transaction conditions. Since establishing the transaction intention with the counterparty, the company has organized both parties to promote this transaction. However, after multiple rounds of negotiation and discussion on the transaction plan, the parties involved have not reached a consensus on the final transaction conditions. From the perspective of safeguarding the interests of all shareholders, the company has decided to terminate the planning of this share issuance for asset acquisition after careful consideration.

This share issuance for asset acquisition is still in the planning stage, and the parties involved have not reached a substantive agreement on the specific plan and transaction conditions. The parties involved in the transaction will not bear any breach of contract liability for terminating this share issuance for asset acquisition. The termination of this share issuance for asset acquisition will not affect the normal operation and development of the company. Following the company's application to the Shanghai Stock Exchange, the company's stock will resume trading on January 8, 2025 (Wednesday) at the market opening

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