Weining Health and Chuangye Huikang Announce Termination of Merger Plan

Just now, the Shenzhen Stock Exchange issued an announcement. Winning Health Technology Group Co., Ltd. and B-Soft Co., Ltd. respectively released the "Announcement of Winning Health Technology Group Co., Ltd. on Termination of Planning Major Asset Restructuring and Resumption of Trading of Company Securities" and the "Announcement of B-Soft Co., Ltd. on Termination of Planning Major Asset Restructuring and Resumption of Stock Trading," announcing the termination of the merger.

Screenshot from Winning Health's announcement

Screenshot from B-Soft's announcement

Both parties announced that, “after careful consideration, the Company has decided to terminate the planning of this major asset restructuring.”

Screenshot from B-Health's announcement

The announcement also disclosed the reason for the cancellation, namely that “the two parties to the transaction were unable to reach an agreement on core terms.”

Meanwhile, the announcement also stated that the two stocks would resume trading at the market opening on July 26.

VCBeat will provide a detailed analysis of this matter in subsequent coverage.