Since the beginning of this year, over 60 A-share companies have terminated major asset restructurings

36Kr
2025.12.11 00:32

"Hygon Information plans to merge with Sugon through a stock swap," this 100 billion-level restructuring case was recently announced to be terminated, adding another example to the frequent occurrence of failed restructurings in the A-share market this year. According to Wind data statistics, as of December 10, when the reporter filed the report, 67 A-share listed companies have terminated major asset restructurings this year. This phenomenon is attributed to objective factors such as changes in the external environment and discrepancies in transaction terms, but it has also raised market concerns about the risks of "deceptive restructurings." Experts suggest that listed companies and investors should identify high-quality mergers and acquisitions from dimensions such as strategic fit, target quality, and reasonableness of consideration to avoid falling into market speculation traps. (Economic Reference Daily)