Meinian Health: Termination of Issuance of Shares to Purchase Assets and Related Party Transactions
Meinian Health announced on July 17th that the company originally planned to purchase the equity of 11 companies including Meian Hengyang through the issuance of shares, as well as the minority equity of 5 listed company subsidiaries including Zhengzhou Meijian. Due to the long lead time for this transaction and significant changes in the current market environment compared to the initial planning stage of the transaction, in order to effectively protect the interests of the company and investors, after careful consideration and friendly negotiations with the parties involved, the decision was made to terminate the issuance of shares for the purchase of assets and related transactions and withdraw the application documents.
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