Puyang Refractories terminates acquiring 60% shares of Guoliang Special Refractory

According to the announcement of Puyang Refractories on March 6th, it originally planned to acquire 60% shares of Guoliang Special Refractory and raise matching funds through issuing shares any cash payment, but the two parties, after friendly negotiation, decided to terminate the planning of issuing shares to purchase relative assets because the Covid-19 had a great impact on the due diligence, auditing and evaluation of Puyang Refractories and the various intermediary agencies.


.Asian Metal CopyrightAccording to the announcement of Puyang Refractories on March 6th, it originally planned to acquire 60% shares of Guoliang Special Refractory and raise matching funds through issuing shares any cash payment, but the two parties, after friendly negotiation, decided to terminate the planning of issuing shares to purchase relative assets because the Covid-19 had a great impact on the due diligence, auditing and evaluation of Puyang Refractories and the various intermediary agenciesAsian Metal Copyright