德固特终止重大资产重组

Core Viewpoint - The company, Degute (300950), announced the termination of its major asset restructuring plan to acquire 100% equity of Haowei Technology due to failure to reach an agreement on key terms with the counterparties [1] Group 1: Announcement Details - The company intended to purchase Haowei Technology through a combination of issuing shares and cash payment, which was expected to constitute a major asset restructuring as per regulations [1] - The restructuring was not expected to change the actual controller of the company and would not qualify as a restructuring listing [1] - Despite multiple negotiations, the company could not agree on transaction price and related core terms with the counterparties [1] Group 2: Feedback and Considerations - On November 6, the company received feedback from Haowei Technology regarding the transaction, indicating disagreements among major shareholders on valuation and performance commitments [1] - Given the challenges in forming a satisfactory plan within the effective time window, the company decided to discuss the termination of the restructuring transaction with the counterparties [1] Group 3: Impact on Business - As of the announcement date, no formal substantive agreements had been signed regarding the transaction, and all parties would not bear any breach of contract liabilities for the termination [1] - The termination of the major asset restructuring is not expected to adversely affect the company's normal business operations and production activities, nor harm the interests of the company and its shareholders, especially minority shareholders [1]