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Baina Qiancheng: Termination of the issuance of shares and payment of cash to acquire 100% equity of Zhonglian Century
Baina Qiancheng Announcement, the company originally planned to acquire 100% equity of Xiamen Zhonglian Century Co., Ltd. through issuing shares and paying cash, and intended to issue shares to no more than 35 specific investors to raise supporting funds. Given that the parties involved in the transaction failed to reach a consensus on the core terms of the deal, the company has decided to terminate this restructuring matter.