年内逾30家公司重组终止

Core Insights - The merger and acquisition (M&A) activities have accelerated this year, but many companies have terminated their restructuring efforts for various reasons [1] - Regulatory authorities are urged to impose strict penalties on illegal activities such as profit transfer, insider trading, and market manipulation to protect investors' rights [1] Group 1: M&A Market Dynamics - As of July 23, 34 companies have terminated their M&A restructuring this year according to Wind statistics [1] - The Shenzhen Stock Exchange has raised concerns regarding the fairness of transaction pricing, business synergy between parties, and the sustainable operational capability of target companies [1] - Specific inquiries were made by the Shenzhen Stock Exchange regarding the future performance risks of Fenghuo Electronics' acquisition of Changling Technology, emphasizing the need for detailed explanations on the acquisition's purpose and expected synergies [1] Group 2: Recent Terminations - In July alone, five companies announced the termination of their restructuring efforts, including Hongming Co., which could not reach a final agreement on acquiring an 83% stake in Chisu Automation [2] - Despite the terminations, some companies expressed their commitment to continue pursuing M&A opportunities, such as Ningbo Fuda, which aims to focus on strategic emerging industries for future growth [2]