Hongming shares (301105.SZ) terminate the planning of a major asset restructuring.

Wisdom Financial News APP, Hongming Shares (301105.SZ) announced that the company had previously planned to acquire 83% of the equity of Shenzhen Chisu Automation Equipment Co., Ltd. (referred to as the target company) in cash. Because the two parties could not reach a final agreement on the transaction plan, in order to effectively safeguard the interests of all parties and company shareholders, after the company conducted thorough and careful study and friendly negotiations with the relevant parties, it agreed to terminate this major asset restructuring and signed a major asset restructuring termination agreement with the target company and its major shareholders.