Krauss announced that the company is planning a major asset restructuring with the related shareholder Equipment Hong Kong, intending to convert Equipment Hong Kong's creditor rights against its wholly-owned subsidiary Equipment Luxembourg into equity. After the trade is completed, Krauss will no longer have control over Equipment Luxembourg. This trade is expected to constitute a major asset restructuring, with the specific results subject to the audit and valuation by the auditing and evaluating institutions. Currently, the audit and evaluation work involved in the trade has basically been completed and has passed the foreign investment review by the Federal Ministry for Economic Affairs and Climate Action of Germany. The company is following the relevant approval procedures and will submit the completed trade matters to the board of directors for review and public disclosure. There remains uncertainty about whether the trade can ultimately be completed.
克劳斯:重大资产重组交易审计评估基本完成
Krauss: The audit and evaluation of the major asset restructuring trade is basically complete.
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