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Gao Ling Information (688175.SH): Trading suspension continues.
On December 12, Gelonghui reported that Guling Information (688175.SH) announced that the company is planning to acquire 71.98% equity of Shanghai Xinnuo Communication Technology Co., Ltd. (hereinafter referred to as "Xinnuo Communication") held by shareholders Xie Hu, Li Lin, Shanghai Yifu Enterprise Management Consulting Partnership (Limited Partnership), Shanghai Jinling Enterprise Consulting Partnership (Limited Partnership), Shanghai Fuling Enterprise Consulting Partnership (Limited Partnership), and Shanghai Duo Chi Enterprise Consulting Partnership (Limited Partnership) by issuing shares and paying Cash / Money Market, while also raising matching funds (hereinafter referred to as "this transaction").
Express News | This week, 30 A-shares listed companies disclosed the latest announcements on mergers and acquisitions. Guosen intends to purchase 96.08% shares of Wanhua Securities for 5.192 billion yuan.
Tomorrow, the trading will be suspended as Gao Ling Information plans to purchase equity in Xin Nuo Communication, which once aimed for a star IPO.
① The acquired party, Xinnuo Communication, applied for listing on the star board last June and voluntarily withdrew its application this June, terminating the IPO; ② Gaoling Information has shown a downward trend in performance in recent years, with losses reported in every quarter this year. It stated that the direction for future turnaround is, firstly, military industry communication, and secondly, content security business, with revenue confirmation concentrated in the second half of 2024.
Express News | Gaoling Information: Intends to purchase 71.98% equity of Xinnuo Communication, stocks suspended.
Express News | Gao Ling Information: Planning a major assets reorganization suspended trading.
Express News | Gao Ling Information: The company has cumulatively repurchased 0.7519 million shares of the company.