Core Viewpoint - Aisen Co., Ltd. (688720.SH) announced the termination of its plan to issue shares and pay cash for asset acquisition, along with fundraising, due to failure to reach consensus on transaction terms with counterparties [1][2] Group 1: Termination of Transaction - The company held meetings on May 14, 2025, where the board and supervisory committee approved the termination of the asset acquisition and fundraising plan [1] - The decision was made after negotiations with transaction parties did not yield agreement on the transaction scheme and commercial terms, including payment methods [1] Group 2: Details of the Proposed Transaction - The original plan involved acquiring a 70% stake in Bano (Suzhou) New Materials Co., Ltd. from 11 counterparties, including Wu Qinglai and Song Wenzhi [2] - The transaction was not expected to constitute a major asset restructuring or related party transaction as per relevant regulations [2] Group 3: Fundraising and Financials - Aisen Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 6, 2023, with 22,033,334 shares issued at a price of 28.03 yuan per share [2] - The total amount raised was 617.5944 million yuan, with a net amount of 544.4971 million yuan after deducting issuance costs, which was 166.2712 million yuan less than originally planned [2] - Issuance costs totaled 73.0972 million yuan, including underwriting fees of 46.7506 million yuan [3]
艾森股份终止收购棓诺新材70%股权 2023年上市募6亿