Core Viewpoint - The major asset restructuring plan of Hongming Co., Ltd. has been terminated after nearly two months of planning due to the inability of both parties to reach a consensus on the final transaction scheme [2][3][4]. Group 1: Restructuring Details - On May 21, Hongming Co., Ltd. announced plans to acquire 83% of Shenzhen Chisu Automation Equipment Co., Ltd. for cash, which would make Shenzhen Chisu a subsidiary of Hongming if completed [3]. - The company had signed a Letter of Intent on May 21 and paid a deposit of 15.1 million RMB for the acquisition, which was to be held in escrow by both parties [3][4]. - Despite ongoing due diligence and negotiations, the restructuring was ultimately terminated on July 17 due to a lack of agreement on the final transaction terms [4]. Group 2: Market Reaction - Following the announcement of the asset restructuring on May 22, Hongming Co., Ltd. experienced a 20% increase in stock price, although it later retraced [5]. - As of July 17, the stock price was 37.75 RMB per share, giving the company a market capitalization of 1.9 billion RMB [5]. Group 3: Company Profile - Hongming Co., Ltd. is a manufacturer that integrates research and development, production, and sales of packaging equipment, primarily serving the printing and packaging industry [5].