Huijin Shares (300368.SZ): Terminate plans for major asset restructuring

According to Zhitong Finance App, Huijin Co., Ltd. (300368.SZ) issued an announcement. Earlier, it was disclosed that the company plans to purchase 20% of Cooper New Energy Co., Ltd. (hereinafter referred to as “Cooper New Energy” or the “target company”) in cash. At the same time, Yu Chunsheng, the shareholder of Cooper New Energy, ensures that the listed company owns no less than 51% of the voting rights of the target company by entrusting or transferring no less than 31% of the voting rights to the listed company. As the parties to the transaction failed to agree on the core terms of this transaction, they were unable to reach a final plan and formal agreement. With the agreement of all parties to the transaction, the major asset restructuring matters planned this time were terminated.