Huijin Co. and Keda Manufacturing Both Terminate Major Asset Restructurings

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Summary · why it matters

Huijin Co. and Keda Manufacturing separately announced on the evening of August 14 the termination of their respective major asset restructuring plans. Huijin Co. ended a nearly year-long plan to purchase a 20% stake in Cooper New Energy Co. with cash and obtain voting rights delegation of no less than 31%, because the parties failed to reach agreement on core terms. Keda Manufacturing's board approved the termination of its plan to acquire a 51.55% stake in Guangdong Tefu International Holdings Co. through share issuance and cash payment, along with raising supporting funds, and stated that Tefu International is a controlling subsidiary of the company, so the termination will not affect control rights or future plans.

Impact on assets 2

Others▼ · 2 stocks
Keda Clean Energy Co Ltd
600499
± MixedCapitalrelevance

Keda Manufacturing terminated its restructuring plan to acquire Tefu International, but stated it will not affect control rights or future plans.

Off-coverage companies 2

广东特福国际控股有限公司Private± Mixed
relevance

库珀新能源Private± Mixed
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