On the evening of November 9, Dehao Runda issued a notice stating that the company's shares were suspended due to the planning of major assets and equity acquisitions since the market opened on August 26, 2015.
The company disclosed in the suspension announcement on August 26, 2015 by Dehao Runda is planning a major asset and equity acquisition as:
1. The company and the company's affiliates intend to purchase the equity of a domestic listed company, ultimately for the purpose of obtaining control;
2. The company intends to cooperate with the state-level industrial fund to jointly acquire the assets of a lighting enterprise outside the country. It is estimated that the amount involved is between RMB 4 billion and RMB 6 billion, and has entered the stage of substantive negotiation.
In its announcement of the suspension of the suspension on October 16, 2015, Dehao Runda disclosed that due to major changes in the shareholding structure of the domestic listed company to be acquired, the company decided to abandon the acquisition plan for the equity of the target company.
In addition, the company's purchase of assets from a foreign company is still negotiating on a planned schedule. Due to cross-border mergers and acquisitions, the company estimates that it will take several months to reach a final agreement.
DeHao Runda shares are scheduled to open for trading on the day of November 10, 2015 (Tuesday).
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