Zhongwei Guomai terminated and China Telecom's major asset reorganization

NetEase Finance December 6 Zhongwei Guomai Night Notice, because the company's major asset restructuring program was not completed as scheduled, the company decided to terminate the major asset restructuring with China Telecom bill.　　According to the original plan, this major asset reorganization includes assets and business sales and asset purchase two parts.　　The company intends to sell to China Telecom and digital trunking, integrated telecommunications sales, call center and value-added services, communications engineering business-related assets and business, the proposed sale of assets and business evaluation of 187 million yuan, China Telecom in cash to pay the price.　　In addition, the company intends to China Telecom Group Industrial Asset Management Center for Non-public offering shares and cash to buy its holdings of the Tong Mao Hotel Holdings Limited 100% stake, the estimated value of the assets to be purchased 1.7 billion yuan. July 1, the company received the CSRC rejected the company's restructuring plan.　　July 8, the company convened a board of directors, decided to continue to promote the major asset restructuring work. Central defender Guomai today closed at 11.69 yuan, down 3.47%.