Core Viewpoint - The company DreamNet Technology (002123) has decided to terminate its planned acquisition of Hangzhou Bicheng Digital Technology Co., Ltd. due to legal issues affecting a key shareholder [1] Group 1: Transaction Details - The company originally intended to issue shares and pay cash to acquire all shares of the target company and raise matching funds [1] - The transaction was significantly impacted by a contract dispute involving Hangzhou Chengxiang Enterprise Management Partnership (Limited Partnership), which received a court summons on August 28 [1] - The court has frozen 10.51 million shares of the target company held by Hangzhou Chengxiang, which is the third-largest shareholder and a performance commitment party for the transaction [1] Group 2: Regulatory Compliance - The frozen shares create a situation that restricts transferability, which does not comply with regulatory requirements [1] - As of the announcement date, the shares remain frozen, leading to the decision to terminate the transaction [1]
梦网科技:终止发行股份及支付现金购买资产事项