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Changyu a terminates investment in Hengfeng bank

Source: Internet
Author: User
Keywords Bank
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Zhang Yu A (000869) announced that the company intends to terminate the investment Hengfeng Bank Co., Ltd. and major asset purchase proposal.　　The reason for the termination was that the company considered that the investment was more uncertain than the initial investment expectation, and the Board decided to terminate the investment. As of now, the company has not paid the investment money to the Hengfeng Bank for investment in Hengfeng bank matters; The termination of the investment is in accordance with the Agreement between the parties in the share subscription Agreement; the termination of the investment by the general meeting of shareholders after the entry into force, there will be no other relevant legal obligations and risks The company has pledged to stop major asset restructurings for at least three months.

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