On December 6, Ningxia Baofeng Energy Group (600989.SH) issued the "Announcement on the Reply to the Regulatory Letter Regarding Related Party Transactions and the Temporary Suspension of Related Transactions." The company stated: It has decided to temporarily suspend the execution of this related party transaction. After the planned acquisition project is completed and put into operation, it will assess the actual operational situation of the project and decide whether to continue the transaction in consultation with the other party. The "related party transactions temporarily suspended" stem from Ningxia Baofeng Energy Group's intended acquisition of Ningxia Baofeng Yune Technology Co., Ltd. (referred to as: Baofeng Yune) steam comprehensive pipeline project and related assets, with a transaction amount of 0.492 billion yuan (including tax). As both parties' controlling shareholders are Ningxia Baofeng Group Limited's chairman, Dang Yanbao, it constitutes a related party transaction but not a significant asset restructuring. According to the valuation report, the book value of the targeted assets in this transaction is 0.386 billion yuan, the assessed value is 0.436 billion yuan, with an increase in value of 49.34 million yuan and an appreciation rate of 12.78%. The funding sources are self-owned and self-raised funds. Shortly after the announcement of Ningxia Baofeng Energy Group's acquisition, the Shanghai Stock Exchange triggered a regulatory letter. Issues related to the transaction's purpose, the synergy between new business and current main business, the reasonableness of the transaction, and whether there are benefits transmitted to related parties have attracted attention.
Clear
All
Quotes
News
Learn
Help
All
HK
US
CN
SG
AU
JP
All
News
Announcements
Reports
No matches yet
Operations too frequent. Please try again later.
Please check network settings and try again Refresh
Refresh
Loading
History record
Latest News
-
The battle between bulls and bears on Wall Street: More important than the non-farm payrolls will be tonight's CPI?
Today's CPI is very significant for the U.S. stock market.
Daily Options tracking | The implied volatility of the quantum computing "monster stock" RGTI has soared to 242%, with a Call position earning tenfold returns; Tesla's Call ratio has risen to 66%, and large investors have spent over 0.4 billion dollars on
Quotes
More
News
More
Learn
More
Help
More
Loading
News
More
Announcements
More
Reports
More
宝丰能源收购生变:公司偿债压力较大、交易“暂缓执行”
Ningxia Baofeng Energy Group's acquisition of Shengbian: the company faces significant debt pressure, and the trade is "temporarily suspended."
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Like
Views 345
Write a comment
Statement
This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.
Comment(0)
Reason For Report