Wanda film Limited by Share Ltd announced a major asset restructuring progress announcement during the suspension
July 25th, Wanda film Limited by Share Ltd announced a major asset restructuring during the suspension of progress announcement, said the relevant work is to promote this major asset reorganization; the major asset restructuring related assets due diligence and audit, evaluation work is being carried out.
Wanda movie film and television assets due to the planning of the acquisition, the company apply to the Shenzhen stock exchange, the company stock (referred to as: Wanda cinema) suspended since July 4, 2017 opening, the company on the same day issued a “major issues suspension notice (No. 2017-035)”. The company confirmed that the planning of the major issues for the proposed purchase of Wanda media limited 100% equity shares, involving a major asset reorganization, the company stock since July 11, 2017 to continue the suspension of a major asset restructuring program, and issued “on the planning a major asset restructuring suspension notice” (No. 2017-036), the company disclosed on July 18, 2017 the “significant progress in asset restructuring suspension notice period” (No. 2017-037).
As of the date of the announcement, the relevant work of the company and related parties are to promote this major asset reorganization; the major asset restructuring related assets due diligence, audit and evaluation work is being carried out, of this major asset restructuring related documents are being prepared.
In view of the fact that there are still uncertainties in the matter, in order to ensure the fairness of information disclosure, and earnestly safeguard the interests of investors, to avoid abnormal stock price volatility, according to the relevant provisions of the Shenzhen stock exchange, the company shares continue to be suspended. During the suspension period, the company will be in accordance with the progress of related matters, strictly abide by the relevant laws and regulations, fulfill the obligations of information disclosure, at least every 5 trading days issued a major asset restructuring progress announcement.