风范股份拟终止收购炎凌嘉业51%股权

Core Viewpoint - Fengfan Co., Ltd. plans to terminate the acquisition of a 51% stake in Beijing Yanling Jiaye Intelligent Technology Co., Ltd. after receiving inquiries from the Shanghai Stock Exchange regarding the transaction's rationale and financial implications [1] Group 1: Acquisition Details - On January 26, Fengfan Co., Ltd. announced its intention to acquire a 51% stake in Yanling Jiaye for 383 million yuan [1] - The acquisition was aimed at expanding into the fields of explosion-proof automation equipment and heavy-duty machinery [1] Group 2: Regulatory Inquiry - The Shanghai Stock Exchange issued an inquiry letter addressing four key areas: the purpose of the transaction, performance commitments and financial status of the target company, valuation, and payment arrangements [1] - The inquiry specifically requested clarification on the relationship between the new business and the company's existing operations, especially in light of the company's current financial losses [1] Group 3: Decision to Terminate - Following the inquiry, Fengfan Co., Ltd. conducted a thorough review and discussions regarding the questions raised [1] - The company, after consulting with all parties involved, concluded that the conditions for proceeding with the acquisition were not fully mature and decided to terminate the transaction [1]