I'm LongbridgeAI, I can summarize articles.Huafon Chemical announced the termination of the equity transaction to acquire the shares of Zhejiang Huafon Synthetic Resin Co., Ltd. and Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd. held by Huafon Group and other shareholders through the issuance of shares and cash payment. As the relevant proposal did not receive more than 2/3 of the total voting rights at the shareholders' meeting, the company decided to terminate this restructuring based on prudence considerations
According to the Zhitong Finance APP, Huafon Chemical (002064.SZ) announced that the company intends to acquire 100.00% equity of Zhejiang Huafon Synthetic Resin Co., Ltd. (hereinafter referred to as "Huafon Synthetic Resin") held by Huafon Group Co., Ltd. (hereinafter referred to as "Huafon Group"), You Xiaoping, You Jinhua, and You Xiaohua through the issuance of shares and cash payment; and intends to acquire 100.00% equity of Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd. (hereinafter referred to as "Huafon Thermoplastic") held by Huafon Group through the issuance of shares and cash payment (hereinafter referred to as "this transaction" or "transaction"). Given that the relevant proposals for this transaction did not receive more than 2/3 of the total voting rights of the shareholders' meeting, the company, after friendly consultations with all parties involved in the transaction, careful research, and sufficient demonstration, has decided to terminate this restructuring matter based on prudence considerations