Gelonghui, May 13 | Huarong Holdings (600421.SH) fell to a halt and reported 6.23 yuan, with a total market value of less than 1.5 billion yuan. On May 10, Huarong Holdings announced the termination of the acquisition of 100% shares in Nanjing Kaituo Optoelectronics. As the target company was affected by the overall market environment, the recovery in terminal market demand was lower than expected, and the company decided to terminate the transaction. In fact, this is the company's third cross-border acquisition in recent years, but they all ended in failure.
A股异动 | 跨界收购再度失败 华嵘控股跌停
A-share changes | Cross-border takeover fails again, Huarong Holdings falls to a standstill
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