DORIGHT plans to acquire control of Haowhale Technology and will be suspended from trading starting June 30
I'm LongbridgeAI, I can summarize articles.DORIGHT plans to acquire control of Haowhale Technology through the issuance of shares and cash payments, and to raise matching funds. This transaction is expected to constitute a significant asset restructuring, but does not involve a restructuring listing. The company's stock will be suspended from trading starting June 30, 2025. Haowhale Technology is an international software and information technology service provider, primarily offering digital solutions to global telecommunications operators and government-enterprise clients. The transaction plan is still subject to negotiation and determination, and there is uncertainty involved
According to the Zhitong Finance APP, DORIGHT (300950.SZ) announced that the company is planning to acquire assets through the issuance of shares and cash payment, as well as to raise supporting funds (referred to as "this transaction"). This transaction is expected to constitute a significant asset restructuring but will not result in a restructuring listing. The company's stock will be suspended from trading starting June 30, 2025.
The target company for this transaction is Haowhale Cloud Computing Technology Co., Ltd. (referred to as "Haowhale Technology"), which is an international software and information technology service provider offering digital solutions to global telecommunications operators, cloud infrastructure service providers, and government and enterprise clients. After years of industry accumulation and technological precipitation, it has formed three major business lines: telecommunications software development and services, cloud management software development and services, and industry digital solutions.
The company intends to acquire control of Haowhale Technology through the issuance of shares and cash payment while simultaneously raising supporting funds. This transaction will not lead to a change in the actual controller of the company. There is currently uncertainty regarding this transaction, and the final counterparty and specific plan will be based on the information disclosed in the restructuring proposal or restructuring report. The transaction plan is subject to further negotiation among the parties and the signing of a formal transaction agreement, which will prevail over any inconsistencies with the letter of intent
