Core Viewpoint - The first major asset restructuring case of a company listed on the Beijing Stock Exchange has encountered new developments, as Hunan Wuxin Tunnel Intelligent Equipment Co., Ltd. has applied to suspend the registration of its asset acquisition and related fundraising activities [1][2]. Group 1 - On October 31, Wuxin Tunnel announced its intention to apply for the suspension of the registration of its asset acquisition and related fundraising due to the impending expiration of the financial data validity period [1]. - The company plans to acquire 100% equity of Hunan Zhongtie Wuxin Heavy Industry Co., Ltd. and 99.9057% equity of Huaihua Xingzhong Technology Co., Ltd., with a total transaction price of approximately 2.65 billion yuan, and to raise no more than 100 million yuan in supporting funds [1]. - The financial data reference date for this transaction is set for March 31, 2025, with an extension of one month granted by the Beijing Stock Exchange, making the new deadline October 31, 2025 [1][2]. Group 2 - The restructuring plan was approved by the M&A Committee of the Beijing Stock Exchange on September 29, and the registration was submitted on October 10 [2]. - Wuxin Tunnel stated that the application for suspension will not have a significant adverse impact on the company's operations or the continuation of the transaction, as the company is actively working with relevant intermediaries to expedite the audit process [2].
五新隧装“股权+现金”收购按下暂停键