Mao announced the termination of the reorganization of assets will continue to increase the suspension plan

Mao Shuo power (002660) on May 19th evening announcement said that due to the current conditions for planning a major asset restructuring is not yet mature, after careful consideration, the company decided to terminate this major asset restructuring. At the same time, the company decided to start planning the issue of non-public offering of shares, the company's shares will continue to be suspended.

Mao power since February 10th this year, the suspension. Notice that, in accordance with the progress of due diligence, the company and the agency to conduct a detailed analysis of the argument, and after consultation with the other side of the transaction, that the planning of major asset restructuring conditions are not yet ripe. After careful consideration, the company decided to terminate this major asset restructuring, and has signed an agreement with the other party to terminate this major asset restructuring agreement, according to the agreement agreed to bear certain obligations of the transaction. At the same time, the company is committed to the termination of this major asset restructuring matters within six months no longer planning a major asset reorganization.

At the same time, the announcement said, taking into account the current development needs of the company and the work carried out, the company decided to start planning non-public offering of shares. Because the company is planning a non-public offering of shares related issues of uncertainty, to safeguard the interests of investors, to avoid two market abnormal fluctuations in stock prices, the company's application, the company stock since May 20, 2015 opening date to continue the suspension, to be designated by the company information disclosed in the media after the resumption of the relevant announcement.

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