Huilv Ecological: Major asset restructuring suspended for review, will apply for restoration as soon as possible.
Huilv Ecological announced that the company plans to purchase 49% equity of Wuhan Junheng Technology Co., Ltd. by issuing shares and paying cash, and raise supporting funds. Due to the expiration of the financial information in the restructuring application documents, the Shenzhen Stock Exchange suspended the review of this restructuring on March 31, which does not have a substantial impact on the restructuring. The company will continue with additional auditing work, update financial data as soon as possible, and reapply for review. This transaction still requires multiple approvals, the approval and timing are uncertain, investors should pay attention to subsequent announcements and be aware of risks.
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