Beijing News Shell Financial News May 19namcoarcadegames, Holley Technology (Rights Protection) issued an announcement stating that the company originally planned to purchase Shanghai Jiaxing Automobile Service Co., Ltd., Shanghai Fuying Enterprise Management Co., Ltd. and Shanghai Jiahe Zhixing Enterprise Management Center by issuing shares and paying cash. Jiaxing Automobile Service Co., Ltd. 54namcoarcadegames.4842% equity, and plans to issue shares to no more than 35 qualified specific objects to raise matching funds. Due to the long planning of this transaction, the market environment has undergone greater fluctuations and changes compared with the beginning of this transaction planning. Taking into account the influence of various factors, all parties to the transaction believe that there is a greater uncertainty risk in continuing to advance this transaction at this stage. In order to safeguard the interests of the company and relevant parties, after full and careful study and consensus with the counterparty, the company decided to terminate this transaction and terminate the relevant agreements signed to issue shares and pay cash to purchase assets.
(Article source: Beijing News)