Jinlihua Electric terminates the planning of a major asset restructuring
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Jinlihua Electric announced the termination of the major asset restructuring transaction with Beijing Haidelisen Technology Co., Ltd. The transaction was originally planned to acquire 100% equity of the target company through the issuance of shares and cash payment, and to issue shares to the controlling shareholder to raise matching funds. Due to the failure of the parties involved in the transaction to reach an agreement on key terms, it was decided to terminate this transaction after careful consideration
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