Sihai network

Termination of the acquisition of all-round education reveals the reasons for the termination of the

Termination of the acquisition of all-round education reveals the reasons for the termination of the acquisition of all-round education

QUANTONG Education announced that it would terminate the acquisition of 96% equity restructuring of Wu Xiaobo's chin Jiuling.

Quantong education previously planned to purchase 96% equity of financial writer Wu Xiaobo's chin Jiuling at a price of 1.5 billion yuan. Affected by the macroeconomic environment, the operation of listed companies and underlying assets, changes in restructuring policies and price fluctuations in the secondary stock market, the trading parties failed to reach a final consensus on the transaction pricing, performance commitment and compensation arrangements involved in the restructuring plan. The company decided to terminate the planning of this major asset restructuring and signed the relevant termination agreement.

In this regard, Ba Jiuling responded that the restructuring of Quantong education ended. In terms of business, the renaming of app to new business is the main adjustment. It will continue to move forward in the capital market. Continuing M & A or independent IPO are options, depending on the situation.