HYDSOFT: The acquisition of 67.91% of Baode's shares is progressing in an orderly manner
HYDSOFT Technology Co., Ltd. announced the progress of the issuance of shares and cash payment for asset acquisition and the fundraising of supporting funds, as well as related party transactions. The company intends to acquire 67.91% of the shares of Baode Computer System held by 59 trading counterparts including Leshan High-tech Investment Development, and will raise funds from specific parties, which is expected to constitute a major asset restructuring and related party transactions, but does not constitute a restructuring listing. The company's stock was suspended from trading on May 6 and will resume trading on May 20
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