Summary by Moomoo AI
Hang Tai Motors (Heng Tai New Energy Automotive Group Co., Ltd.) announced the termination of the original planned debt conversion into new shares transaction. The transaction involves the conversion of loans owed by China's Hang Da Group, Mr. Xu and Mr. Xinxin into new shares and involves related connected transactions and special transactions. THE COMPANY MENTIONS SEVERAL ANNOUNCEMENTS, INCLUDING DEBT TRANSFER ANNOUNCEMENTS, SHARE SUBSCRIPTION ANNOUNCEMENTS, DELAYED MAILING ANNOUNCEMENTS, INSIDER ANNOUNCEMENTS, MONTHLY RENEWAL ANNOUNCEMENTS AND UPDATES ANNOUNCEMENTS, ETC., IN CONNECTION WITH THIS TERMINATION TRANSACTION. Evergrande notes that, as the transaction is no longer in progress, it will not hold a general meeting to approve the relevant matters and will not issue any further monthly announcements thereon. In addition, since the...Show More