Shandong Teamgene Technology (SH:603151) 券商中国·2025-11-11 14:47Core Viewpoint - The major asset restructuring plan of Bangji Technology has been abruptly terminated due to the inability to reach an agreement with the transaction party, Riverstone Farm Pte. Ltd. [1][5] Summary by Sections Termination of Major Asset Restructuring - On November 11, Bangji Technology announced the termination of its plan to acquire 100% equity of several companies from Riverstone Farm Pte. Ltd. through share issuance and cash payment [3][5]. Reasons for Termination - The company stated that despite hiring intermediaries for due diligence and negotiations, no consensus was reached on the transaction plan. The decision to terminate was made to protect the interests of the company and its shareholders [5][6]. Decision-Making Process - The termination was approved in a board meeting held on November 11, 2025, and did not require shareholder approval as the transaction was still in the preliminary stage. Independent directors confirmed that the termination complies with legal requirements and does not harm the interests of shareholders [5][6]. Impact on Business Operations - Bangji Technology indicated that its current business operations remain normal and that the termination will not adversely affect its financial status or future development strategy. The company also committed to not planning any major asset restructuring for at least one month following the announcement [5][6]. Stock Price Movement - Following the announcement of the termination, Bangji Technology's stock price experienced significant declines, dropping 8.91% and 7.54% on November 10 and 11, respectively. The stock has seen a cumulative decline of 15.78% over the week, with a total market value reduced to 3.664 billion CNY [1][6]. Previous Stock Performance - Prior to the termination announcement, the stock price had surged by 81% from June 17 to September 16 due to the anticipation of the asset restructuring [12]. The company reported a revenue of approximately 4.149 billion CNY for the first three quarters, a year-on-year increase of 155.4%, and a net profit of about 106 million CNY, up 148.64% year-on-year [12].