The stock market fell Alto Electronics was forced to terminate the reorganization of assets

Guangzhou daily news brought about by the stock market is not only a serious decline in investor assets, mergers and acquisitions of listed companies are also affected. Alto electronics 24 evening announcement that the quasi price below the issuance price, asset restructuring and employee stock ownership plan was forced to stop. It is worth noting that, due to the depth of the stock market since June this year, many stock prices have fallen below the proposed asset restructuring additional price. Therefore, if the future does not adjust the program, the greater the resistance to the implementation of the reorganization.

Alto electronics said that due to the company's stock price is lower than the original restructuring intends to issue shares to buy assets and raise matching funds at the same time, the two parties on the price, after the reorganization of personnel integration there are still some differences and unable to reach agreement, the company decided to terminate the reorganization of assets and to China Commission for withdrawal of application documents.

Reporter inquiry found that in June this year, alto electronics issued asset acquisition plan, intends to issue shares and to pay cash, at a price of 250 million yuan acquisition QianBaiHui 100% stake, and to the company ESOP, the post fund and other specific non-public offering to raise matching funds does not exceed 250 million yuan. Among them, the issue of shares to buy assets of the issue price of 19.15 yuan / share. The issue of shares to raise matching funds price of 22.62 yuan / share. However, the point right after the re calculation, the latest price of 13.07 yuan / share, far below the issuance price to.

At the same time, due to the termination of the company issued shares and the payment of cash to buy assets and raise matching funds and related transactions, so the corresponding raise matching funds related to employee stock ownership plan is no longer possible to continue the implementation of the. But at present the Alto electronic price below the matching funds to raise prices. Although the company optimistic about the company's prospects for the development of employees, some of whom are more willing to buy shares in the two market, the annual employee stock ownership plan was forced to terminate 2015.

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