No restructuring is not changed early heart Tangrenshen to revise the asset purchase program

Updated: May 22, 2016  Views: 160

Although the official China Securities Reuters shall not approve the Commission received << About Tangrenshen Group Co., Ltd. issued shares to buy assets and raise matching funds >> decision a week ago, but the board still decided to continue to promote the Chinese god of this issue of shares to buy assets and raise matching funds matters, the proposed adjustment to the original program, and is expected to constitute a major adjustment of the restructuring plan.

Check back announcement, the company disclosed << China Securities Regulatory Commission on receipt <decision on not to approve Tangrenshen Group Co., Ltd. issued shares to buy assets and raise matching funds> cum stock temporary suspension on May 16 announcement >> the Board of Directors intends to recent studies demonstrate whether to modify or terminate the issue of shares to buy assets of the program. because there are significant uncertainties in the matter, in order to ensure the fairness of information disclosure, the company's application, the company stock since May 16 opening from the suspension.

According to the disclosure, mergers and acquisitions in the audit committee is concerned, the company is the following scenario: The information disclosed in the application materials company, one can not judge the authenticity of the reorganization target company Shenzhen Wei Biotechnology Co., Ltd. US and British Billy performance. mergers and acquisitions committee believes that the above situation with << listed company's major asset restructuring management methods >> inconsistent with provisions of Article IV. China Securities Regulatory Commission in accordance with the above decision, the Board of Directors shall from the date of receipt of this decision within 10 days on whether to amend the or make a resolution to terminate the program and announce it.

Company May 17 held its forty-third session of the sixth board of directors reviewed and approved the Proposal on << continue to promote the company issued shares to buy assets and raise matching funds Matters >> In accordance with the relevant laws and regulations, and the company's 2016 on the first Extraordinary General Meeting to authorize the Board of Directors, in view of the implementation of the reorganization will help enhance the core competitiveness of the company's hog industry chain, improve the company's profitability, it is conducive to the long-term sustainable development in the interests of the company and all shareholders, the Board of Directors decided to continue to promote the issue of shares to buy assets and raise matching funds matters, the proposed adjustment to the original program, is expected to constitute a major adjustment to the restructuring plan.

The company said that as of announcement, the company and the relevant agencies to actively promote the issue of shares to buy assets related work program to modify the company and related parties are actively add and improve relevant information asset restructuring matters involving the Board of Directors in matters related to the company after the meeting, consideration of the issue of shares to buy assets related to the motion.

It is noteworthy that benefit pig farming industry boom of continuous improvement, Tangrenshen overweight pig farming sector was in full swing. Tao, chairman of May 6 mountain had revealed that between 2016 to 2025, the company intends to invest a total of 9.0 billion, progressively the next three years to achieve one million slaughter pigs, slaughter pigs five years 2 million, to reach annual pig slaughter 6 million goal within 10 years. (Liu Tao


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Traditional Chinese: 重組被否不改初心 唐人神擬調整資產收購方案