Entertainment Industry Adapts to Streaming Dominance with Strategic Mergers

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Three companies, Qidi Guhan, Jinbei Electric (002533), and Bichuang Technology, announced trading suspensions today as they plan to issue shares to purchase assets. Qidi Guhan announced at noon on the 25th that the company is planning to acquire assets through the issuance of shares and cash payments, as well as raising supporting funds (referred to as "this transaction" or "this restructuring"). The transaction is expected to meet the criteria for a major asset restructuring, and the matter is still under negotiation, with both parties actively communicating. The company's stock will be suspended from trading starting on February 25, with the suspension expected to last no more than 10 trading days. Qidi Guhan also revealed the intended target assets, including the surviving company (referred to as "Target Company 1") holding the main operating assets of Beijing Meizhong Yihe Medical Management Co., Ltd. ("Meizhong Yihe") after its planned corporate division, as well as an 80% equity stake in Beijing Qingyuan Children's Hospital Medical Investment Co., Ltd. ("Target Company 2"). According to the announcement, the division of Beijing Meizhong Yihe Medical Management Co., Ltd. has not yet been completed, and the scope of Target Company 1 has not been finalized. The final situation may be adjusted based on negotiations with the counterparty and will be subject to the company's board-approved plan or report. After the division, Target Company 2 is expected to be held by a related party designated by Meizhong Yihe. The equity structure adjustment plan of Target Company 2 has not been finalized, and the final situation will also be subject to the board-approved plan or report. Qidi Guhan has signed an "Asset Purchase Intent Agreement" with the major counterparties of the transaction. On the same day, Jinbei Electric announced at noon that it is planning to issue shares and make cash payments to acquire a controlling stake in Wuhan Second Wire & Cable Co., Ltd. ("Wuhan Second Line" or "Target Company"). The company also plans to privately issue shares to no more than ten specific investors to raise supporting funds. Based on currently available data, this transaction does not constitute a major asset restructuring. The company expects the suspension to last no more than 10 trading days. Additionally, Bichuang Technology stated that it is planning to issue shares and make cash payments to acquire 100% of Beijing Zhaoli Hanguang Instrument Co., Ltd. ("Zhaoli Hanguang" or "Target Company"). The company also plans to privately issue shares to no more than five specific investors to raise supporting funds (referred to as "this transaction"). Based on current information, this transaction is expected to constitute a major asset restructuring, with the suspension expected to last no more than 10 trading days. It is reported that Bichuang Technology has signed a "Cooperation Intent Agreement" with Ding Liangcheng, the actual controller of Zhaoli Hanguang. Ding Liangcheng, a natural person, directly holds 38.15% of Zhaoli Hanguang's equity and is the company's controlling shareholder.