Changrun Shares Terminates Acquisition of 73.48% Stake in Hubei Dafeng and 71.50% Stake in Wuhu Dafeng

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Summary · why it matters

Changrun Shares announced that it has decided to terminate the planned acquisition of a 73.48% stake in Hubei Dafeng and a 71.50% stake in Wuhu Dafeng. The company said that due to uncertainties in the future market, the parties were unable to reach agreement on key terms, and the decision was made after careful study and friendly consultation.

Impact on assets 1

Others▼
Changshu Tongrun Auto
603201
▼ NegativeCapitalrelevance

Changrun Shares terminated its planned acquisition of majority stakes in Hubei Dafeng and Wuhu Dafeng due to unresolved key terms and market uncertainty.

Off-coverage companies 2

湖北达峰i
Private± MixedCapitalrelevance

The planned sale of a 73.48% stake in Hubei Dafeng to Changrun Shares was terminated, leaving its ownership status unchanged.

芜湖达峰i
Private± MixedCapitalrelevance

The planned sale of a 71.50% stake in Wuhu Dafeng to Changrun Shares was terminated, leaving its ownership status unchanged.