Hygon Information Technology (688041.SH) Terminates Share Swap Merger with Dawning Information Industry (603019.SH)

Stock News12-09

Hygon Information Technology (688041.SH) announced the termination of its previously proposed share swap merger with Dawning Information Industry (603019.SH). The company had initially planned to absorb and merge Dawning by issuing A-shares to all its A-shareholders while raising supporting funds.

Since the transaction's initiation, Hygon and relevant parties actively advanced preparatory work. However, due to the deal's large scale and involvement of multiple stakeholders, the evaluation of the major asset restructuring plan took an extended period.

Given significant shifts in market conditions since the initial planning stage, the prerequisites for executing the restructuring are no longer favorable. To safeguard the long-term interests of the company and investors, Hygon, after thorough discussions and prudent consideration with all involved parties, decided to terminate the transaction.

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