Zhitong Finance App News, Shandong Huapeng (603021.SH) announced that previously, the company plans to purchase 100% of the shares of Dongying Hebang Chemical Co., Ltd. held by Shandong Haike Holdings Co., Ltd. by issuing shares and paying cash. While implementing the issuance of shares and paying cash to purchase assets as described above, the company will raise supporting capital by issuing shares to specific targets.

Since the start of this restructuring, listed companies and related parties have actively promoted various tasks. The transaction took a long time, and there were certain fluctuations and changes in the macro environment and industry environment. Taking into account factors such as the current external market environment and the operating conditions of the target company, in order to effectively protect the interests of listed companies and investors, after careful research by the listed company, it is proposed to terminate this restructuring.