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Huafeng Chemical ends asset acquisition, finds no insider trading

May 22, 2025 at 05:16 PM UTCBy FilingReader AI

Huafeng Chemical Co., Ltd. (SZSE:002064) announced the termination of its proposed acquisition of Zhejiang Huafeng Synthetic Resin Co., Ltd. and Zhejiang Huafeng Thermoplastic Polyurethane Co., Ltd. from Huafeng Group and other individuals. Following the decision to terminate the transaction on May 13, 2025, the company conducted a self-investigation into stock trading activities by related parties between April 12 and May 14, 2025. The investigation, which included inquiries with the China Securities Depository and Clearing Corporation Limited (CSDCC) and self-reports from relevant entities, found no evidence of insider trading. While Guotai Junan Securities, the independent financial advisor, executed some trades during the period via proprietary and asset management accounts, these were deemed market-driven and unrelated to insider information. Both the independent financial advisor and legal counsel confirmed the absence of insider trading based on their reviews.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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