Cangzhou Mingzhu: The proposed change of control of the company has been terminated
I'm LongbridgeAI, I can summarize articles.Cangzhou Mingzhu announced that, due to the failure of the controlling shareholder Dongsu Group to reach a consensus with it on the share transfer plan, it has decided to terminate the planning of the change of control of the company. Both parties conducted due diligence and evaluation during the transaction process but were unable to reach an agreement
According to the announcement from Cangzhou Mingzhu (002108.SZ), on April 15, 2025, the company received a "Notice Letter" from its controlling shareholder Dongsu Group. The main content is as follows: After signing the "Framework Agreement for Share Transfer," both parties, based on the preliminary cooperation intentions and methods, hired relevant intermediary institutions to conduct due diligence, auditing, and evaluation of the target company. They actively discussed and verified related issues involved in this transaction and maintained ongoing communication. However, as the parties failed to reach a consensus on the matters involved in the transaction plan, both sides have decided to terminate the planning of this transaction
