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"The Snake Swallows the Elephant" Ends: Guangzhi Technology Opens at Daily Limit Down, Company Responds to "Deceptive Reorganization" Allegations
1 week ago /
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Author：小编
Guangzhi Technology commenced trading with a "20cm" daily limit down. Recently, the company announced the termination of its reorganization plan to issue shares and pay cash to acquire 100% of the shares of Xiandao Electronic Technology Co., Ltd. The company attributed the termination to communication barriers stemming from factors such as price and market valuation. Some shareholders have expressed dissatisfaction, labeling the move as a "deceptive reorganization." Guangzhi Technology has not specified whether it intends to pursue future mergers and acquisitions, and plans to hold an investor briefing on July 1 to elucidate the circumstances leading to the termination of the transaction.
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