Zhong Guo Jing Ji Wang·2025-05-26 03:24Core Viewpoint - The company, Bangyan Technology, has decided to terminate its plan to issue shares and pay cash to acquire 100% of the shares of Shenzhen Xingwang Xintong Technology Co., Ltd. due to a lack of consensus among the transaction parties [1][2] Group 1: Transaction Details - The original plan involved issuing shares and paying cash to acquire Shenzhen Xingwang Xintong and raise matching funds, which was expected to meet the criteria for a major asset restructuring [1] - The termination of the transaction was authorized by the company's management after careful consideration and discussions with the transaction parties [2] - The transaction was not expected to change the actual control of the listed company [1] Group 2: Impact on Business Operations - The company stated that the termination of the major asset restructuring would not have a significant adverse impact on its current production and operational activities [2] - The company’s business operations remain normal, and there are no detrimental effects on the interests of shareholders, especially minority shareholders [2] Group 3: Related Company Information - Jinzheng Technology, a related party, also announced the termination of its plan to sell its stake in Xingwang Xintong, indicating that the termination would not materially affect its financial status or the interests of its minority shareholders [3] - Jinzheng Technology held an 18.25% stake in Xingwang Xintong, which is the largest shareholding [4] Group 4: Financial Background - Bangyan Technology went public on the Sci-Tech Innovation Board on September 23, 2022, raising a total of 1.099 billion yuan, with a net amount of approximately 974.22 million yuan after deducting issuance costs [4] - The company had initially planned to raise 802.41 million yuan for various technology upgrade projects [4]