deuceswildvideo| Fu Hanwei: Termination of the purchase of 49% equity in Moxin Technology

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[Fu Hanwei: Termination of the purchase of 49% equity interest in Moxin Technology] Securities Times e Company NewsdeuceswildvideoFuhanwei (300613) announced on the evening of May 23 that the company originally planned to issue shares, convertible bonds and pay cash to purchase and raise 49% equity of Moxin Technology (Shanghai) Co., Ltd.(referred to as "Moxin Technology")deuceswildvideo...

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[Fuhanwei: Termination of the purchase of 49% equity in Moxin Technology] Securities Times e Company News, Fuhanwei (300613) announced on the evening of May 23 that the company originally planned to issue shares, convertible bonds and pay cash to purchase Moxin Technology (Shanghai) Co., Ltd.(referred to as "Moxin Technology") 49% equity and raise matching funds. Currently, the company holds 51% equity in Moxin Technology, which is a holding subsidiary of the company. After the transaction is completed, Moxin Technology will become a wholly-owned subsidiary of the company. In view of the fact that this reorganization has taken a long time since it was planned and the market environment has changed significantly compared with the beginning of this reorganization planning, after friendly consultation, careful research and full demonstration between the company and all relevant parties to the transaction, it was decided to terminate this reorganization.

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