Guofeng New Materials Merger and Reorganization
Guofeng New Materials plans to issue shares and pay cash to purchase the assets of Taihu Jinzhang Technology Co., Ltd. for merger and reorganization. Trading will be suspended from the opening of the market on December 2,2024. It is expected that the trading plan will be disclosed within 10 trading days and the trading will resume at the latest on December 16,2024. Guofeng New Materials was established in 2009, focusing on the research and development, production and sales of new materials. It has a strong technical and market share in the field of environmental protection and high-performance materials. The strategic motives of this acquisition included resource integration to enhance core competitiveness, expansion of market share and brand influence, technological innovation to supplement technical shortcomings and improve research and development capabilities. However, there were certain risks and challenges in this acquisition. When the acquired Jinzhang Technology applied for listing on the Growth Enterprise Market, it was withdrawn after four rounds of inquiries by the SZPE due to doubts about its main customers. The suspicious aspects of the main customers included the large changes in sales to the largest customer, the short establishment period of some customers, the small scale, the increase in the proportion of new customer revenue year by year, and the large difference between sales and customer financial data. Especially the internal control problem of revenue recognition made the market doubt its true performance. In the current A-share market, the supervision of M & A and reorganization has increased, the supervision level has strict requirements for the visibility and information exposure of M & A transactions, and investors are concerned about the operational ability and compliance of the M & A target. These historical problems of Jinzhang Technology may affect the overall image and market confidence of Guofeng New Materials, and may also bring financial and market integration risks to Guofeng New Materials. If the customer data and internal control problems of Jinzhang Technology are not resolved, It might not be able to bring the expected benefits to Guofeng New Materials. The novel,"The Morality of the Past", is equally exciting. Everyone is welcome to click and read it!
The latest progress in the reorganization of Guofeng New Materials
Guofeng New Materials was planning to issue shares and pay cash to purchase assets. Trading was suspended from December 2,2024. It is expected that the trading plan will be disclosed within no more than 10 trading days, and the trading of the shares will resume on December 16,2024 at the latest. The target company of this transaction was Taihu Jinzhang Technology Co., Ltd., and the initial counterparty was all or part of the shareholders including the actual controllers of the target company, Shi Kewei, Sun Jian and Chen Xiaodong, but the scope of the counterparty had not been finalized. However, Guofeng New Materials had signed an intent agreement with Shi Kewei, Sun Jian, Chen Xiaodong, Lu Guanqun, Sichuan Dongcai Technology Group Co., Ltd., Anqing City Tongan Industry Investment Fund (limited partnership), Taihu Haiyuan Haihui Investment Fund (limited partnership), Taihu Jinzhang Enterprise Management consulting partnership (limited partnership), and initially reached an intention to purchase assets. The novel,"The Morality of the Past", is equally exciting. Everyone is welcome to click and read it!
The latest news on the reorganization of Guofeng New Materials
Guofeng New Materials was planning to issue shares and pay cash to purchase the controlling stake of Taihu Jinzhang Technology Co., Ltd., and the trading would be suspended from December 2,2024. It is expected to disclose the trading plan within 10 trading days (i.e. before December 16, 2024). If it is not disclosed on time, the company's shares will resume trading on December 16,2024 and the relevant matters will be terminated. At present, an agreement of intent has been signed with the counterparty, and the intention to purchase assets has been reached, and this matter does not constitute a major asset reorganization. The novel,"The Morality of the Past", is equally exciting. Everyone is welcome to click and read it!
Merger and Reorganization
Regarding the merger and reorganization of 360, only reference 2 mentioned that the merger and reorganization would be suspended over the weekend, but no exact news or more detailed information was obtained. From the available information, it was impossible to know the exact situation of the merger and reorganization of 360.
2024 Power Merger and Reorganization Announcement
I can't provide you with the latest information on the 2024 Power Merger and Reorganization Announcement. Power merger and reorganization announcements were usually issued by relevant companies or government departments, and were published in official media or stock exchanges. If you want to know about the latest power merger and reorganization announcement, I suggest you pay attention to the relevant media, government departments or stock exchange announcements. While waiting for the TV series, you can also click on the link below to read the classic original work of "Dafeng Nightwatchman"!
Phoenix Optics 2024 Reorganization and Merger
Phoenix Optics had a reorganization with Zhongdian Huankang, which showed that there was a reorganization in 2024.
Mengjie shares merger and reorganization
Mengjie shares had a number of merger and reorganization actions. Mengjie shares were acquired and reorganized by Xiangtan Electric Machinery Factory. This acquisition would lead Mengjie shares to a new stage of development. Xiangtan Electric Machinery Factory's home appliance manufacturing experience, production equipment and other resources would bring stronger research and development, production capacity and quality assurance to Mengjie shares. At the same time, it would also provide more market opportunities and expansion space for Mengjie shares. In addition, Mengjie also planned to purchase 100% of Zhuzhou Military Machinery and Electric Machinery in cash. This acquisition plan would help the company further expand its market share, improve market competitiveness, achieve business specialization, and enter the military market to expand its business areas and increase its profit sources. After the acquisition was completed, it would jointly build a new research and development platform with Zhuzhou Military Machinery and Electric Machinery to promote technological innovation and product upgrades. The novel " Dream of Silk Fate " is equally exciting. Everyone is welcome to click and read it!
Guofeng New Materials Delists
According to the relevant regulations, the conditions for the withdrawal of loss-making stocks were that the market value was less than 500 million yuan and the revenue was less than 300 million yuan. Guofeng New Materials still had a market value of nearly 3 billion yuan. Although the revenue estimates for the past two years were not ideal, there was still a gap from the withdrawal standard. Moreover, according to the requirements of the nine new regulations, the market value had to fall below 500 million yuan, and the stock price had to fall by three-quarters to 0.77 yuan before it could reach the standard of being delisted. However, if they still lost money by the end of the year, they might be the first to be ST. In addition, Guofeng New Materials plans to issue shares to purchase assets. The trading will be temporarily suspended since the opening of the market on December 2,2024. The trading will resume after the relevant announcements are disclosed. It focuses on four industries: high molecular functional membrane materials, new photoelectricity materials, green and environmental protection wood-plastic new materials, and lightweight materials for new energy vehicles. It is a national high-tech enterprise integrating research and development, procurement, production and sales. The novel,"The Morality of the Past", is equally exciting. Everyone is welcome to click and read it!
Will Guofeng New Materials 2024 reorganize?
Guofeng New Materials was planning to issue shares and pay cash to purchase the controlling stake of Taihu Jinzhang Technology Co., Ltd. The company's shares were suspended from the opening of the market on December 2,2024. It was expected to disclose the trading plan within 10 trading days (i.e. before December 16,2024). If it is not disclosed on time, the company's shares will resume trading on December 16,2024 and the relevant matters will be terminated. Therefore, they were currently planning a reorganization. It was uncertain whether the reorganization would be successful. The novel,"The Morality of the Past", is equally exciting. Everyone is welcome to click and read it!
Announcement of suspension of Guofeng New Materials
On December 2, Anhui Guofeng New Materials Co., Ltd. issued an announcement saying that the company was planning to issue shares and pay cash to purchase the relevant assets of Taihu Jinzhang Technology Co., Ltd.'s holding. According to the relevant provisions of the "Rules for the listing of shares" and "Guidance for Self-discipline Supervision of listed companies No.6-Stopping and Resumption of Trading" of the SZEQ, the company's shares will be temporarily suspended from the opening of the market on December 2,2024. It is expected to resume trading after the relevant information is disclosed within 10 trading days. The novel,"The Morality of the Past", is equally exciting. Everyone is welcome to click and read it!
Is Guofeng New Materials a leading stock?
Guofeng New Materials was the leading nano-concept company, and also the leader of the resin industry. The novel,"The Morality of the Past", is equally exciting. Everyone is welcome to click and read it!