Huapei Power: Termination of plans to issue convertible corporate bonds and pay cash to purchase assets, as well as raise supporting funds and related-party transactions, and resumption of trading

2026-03-07 13:33:48

Huapei Power announces that the company has decided to terminate the plan to purchase 100% equity of Meichuang Zhigan (Wuxi) Automotive Parts Co., Ltd., held by Wuxi Shengyi, through the issuance of convertible corporate bonds and cash payment, as well as the plan to issue shares to no more than 35 specific investors to raise supporting funds. The company’s stock will resume trading starting from the opening of the market on March 9, 2026.

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