I. Overview of major asset restructuring under planning.
Igor electric co., ltd held the ninth meeting of the fifth board of directors on June 5438+February 1 2020. The audit company intends to purchase 54.97% shares of Yunnan Transformer Electric Co., Ltd. held by Shanghai Changwei Equity Investment Partnership and some shares of the target company held by its patient shareholders through property right exchange, cash payment and public delisting.
Two. Progress of major asset restructuring in this plan.
Sino-German Securities Co., Ltd., Beijing Global Law Firm, Rongcheng Certified Public Accountants (special general partnership) and Beijing Huaya Zheng Xin Assets Appraisal Co., Ltd. hired by the company have completed the adjustment, audit and evaluation of the target company. Up to now, the company has conducted several rounds of consultation and communication with the counterparty and its patient related parties on this transaction, but the parties still have great differences in the transaction plan and core terms of the transaction, and no agreement has been reached. The Company will continue to fulfill the information requirements in a timely manner in accordance with the Measures for the Administration of Major Asset Restructuring of Listed Companies and relevant regulations of patients.
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Whether the company's board of directors and shareholders' meeting can successfully pass the relevant bidding scheme is uncertain. After the target is listed on the property rights exchange, if there are two or more qualified intended transferees, the transaction will be conducted by bidding, and the company will invest according to its own investment situation. There is great uncertainty in judging whether the company can win the bid. Therefore, whether this planned transaction project can be successfully implemented is uncertain.