Latest announcement
On July 3, 2009, the announcement of major events and suspension was issued, and the suspension continued.
Major Events of Haitai Development and Suspension Announcement
Tianjin Haitai Holding Group Co., Ltd., the controlling shareholder of the company, is planning a major asset restructuring related to the company, and suspended trading for one day on July 2 due to major events. There is great uncertainty in this matter. In order to prevent the abnormal fluctuation of the company's stock price and effectively safeguard the interests of investors, the company's stock was suspended from July 3, 2009 after applying to the Shanghai Stock Exchange.
Within 30 days after the announcement, the company intends to convene a board meeting to review the major asset restructuring plan in accordance with the Measures for the Administration of Major Asset Restructuring of Listed Companies and other relevant regulations, and the independent financial adviser will issue verification opinions. The company's shares will resume trading after the company discloses the major asset restructuring plan. If the company fails to convene the board of directors to review the major asset restructuring plan within the above-mentioned time limit, the company's shares will resume trading within the above-mentioned time limit, and the company will no longer plan major asset restructuring matters within 3 months after the stock resumes trading.
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