What exactly happened?
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On January 5, Robotech announced that its major asset restructuring plan of issuing shares and paying cash to purchase assets and raise supporting funds was suspended by the Shenzhen Stock Exchange's Mergers and Acquisitions Review Committee on January 3.
The news meant a sunny day for the capital market. The company's stock price fell sharply the next day, and after several struggles it finally hit the 20cm limit down.
The company originally planned to acquire 81.18% of the equity hong kong telegram data of Suzhou Feikongtech Technology Co., Ltd. Feikongtech by issuing shares and paying cash, and to purchase 6.97% of the equity of Germany's FSG and FAG respectively by cash payment. The total transaction price was approximately 1.012 billion yuan. After the transaction is completed, Robotech will indirectly control 100% of the shares of the two German companies.
At the end of July 2023, as soon as the news of the restart of mergers and acquisitions was announced, the company quickly started a round of growth. In less than half a year, the increase more than doubled.
Prior to this, the company's acquisition of FiconTEC went through multiple stages from initial contact, consortium formation, step-by-step acquisition, epidemic interruption to final restart and advancement, which lasted more than three years.