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Harson Trading China to Acquire Stakes in Two Companies for 358 Million Yuan
cash / money market mergers are prevailing? harson trading(china)co., restructuring and issuing shares instead of paying cash, at a price of 0.358 billion yuan still requires loans | quick announcement
① Harson Trading (China) Co., Ltd. originally planned to acquire the equity of the target company by issuing shares, but now it has been adjusted to acquire it by paying 0.358 billion yuan in cash. ② The reason for the change is to support the transformation of the listed company as soon as possible, considering the recognition of the target company and its business. ③ Harson Trading (China) Co., Ltd. has signed a profit forecast compensation agreement with the counterparty of this cash acquisition of assets.
Harson Trading (China) Co. (603958.SH): Intends to acquire 55% equity of Control Langkes and 65.2% equity of Jiangsu Langxun with a total consideration of 0.358 billion yuan.
On September 13th, Gelonhui announced that Harson Trading(China) Co., Ltd. (603958.SH) held the eighth meeting of the fifth board of directors on September 12th, 2024 to review and approve the "Proposal on Cash Acquisition of Assets." The company plans to purchase a total of 358.32 million yuan in cash: (1) 45% equity of Suzhou Langxun Precision Hardware Co., Ltd. held by shareholders Zhou Zechen, Suzhou Yeyu Enterprise Management Partnership Enterprise (Limited Partnership), Huang Yongqiang, and Wang Yongfu; (2) Henan Langxun Investment Partnership Enterprise (Limited Partnership)
Express News | Harson Trading (China) Co., Ltd.: Termination of issuance of shares to purchase assets and raise matching funds. Changed to cash acquisition of assets.
Express News | harson trading(china)co.: Intends to acquire equity of two companies for 0.358 billion yuan.
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