Core Viewpoint - The company, Degute (300950), has announced the termination of its major asset restructuring plan, which involved the acquisition of control over Haowei Technology, a software and IT service provider [2][3]. Group 1: Termination of Restructuring - On December 3, 2025, Degute's board approved the termination of the asset restructuring plan, stating that no formal agreements had been signed with the transaction parties [2]. - The termination will not adversely affect the company's normal business operations or harm the interests of shareholders, particularly minority shareholders [2]. Group 2: Background of the Restructuring - The restructuring plan was initially announced on June 29, 2025, with the intention to acquire Haowei Technology, which provides digital solutions to global telecom operators and enterprise clients [2]. - The company faced challenges in forming a satisfactory proposal for all parties involved, leading to the decision to terminate the transaction [3]. Group 3: Stock Performance and Financials - Following the announcement of the restructuring, Degute's stock was suspended and later resumed trading on July 14, 2025, experiencing a 58.96% increase over three trading days [3]. - However, after the announcement of the termination, the stock price declined significantly, dropping over 40% from its peak earlier in the year [3]. - For the first three quarters of the year, Degute reported a revenue of 382 million yuan, a year-on-year decrease of 9.29%, and a net profit attributable to shareholders of 72 million yuan, down 26.39% year-on-year [3].
300950,重大资产重组终止!