Core Viewpoint - Taifeng Pump Industry has decided to terminate the major asset restructuring plan due to the inability to reach an agreement with the transaction party regarding the acquisition of Zhejiang Nanyang Huacheng Technology Co., Ltd. [2] Group 1: Announcement Details - On October 31, Taifeng Pump Industry announced the termination of the major asset restructuring plan and has signed a relevant termination agreement [2] - The restructuring planning began on July 9, 2025, with the intention to acquire at least 51% of Nanyang Huacheng's shares in cash to gain control [3] - Despite steady progress and multiple negotiations, the parties could not agree on the final transaction plan, leading to the decision to terminate the restructuring [2][3] Group 2: Transaction Characteristics - The transaction was classified as a related party transaction due to the company's cautious approach [3] - If completed, Nanyang Huacheng would have become a subsidiary of Taifeng Pump Industry, included in the consolidated financial statements [3] - The transaction was expected to constitute a major asset restructuring as defined by the regulations, without involving the issuance of new shares or changing the controlling shareholder [3]
未能达成统一方案，泰福泵业终止收购南洋华诚