Huayang Technology and Shandong Dacheng Meets *ST
However, Huayang Technology's rescue plan can't alleviate the worry about its dangerous situation, especially without the support from the assets exchange with Zibo Hongda Mining Industry Co., Ltd. (Hongda Mining). Because Hongda Mining participates two assets reorganizations at the same time and in the same industry, the assets exchange between Huayang Technology and Hongda Mining wasn't approved by CSRC in consideration of business independence and fair competition (Herbicides China News 1203: Assets exchange of Huayang Technology blocked). That is to...
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