pennslammer36500| A-share transactions| Cross-border acquisition failed again. Huarong Holdings fell to a limit

Huarong Holdings (600421pennslammer36500.SH) The one-word limit fell to 6.23 yuan, with a total market value of less than 1.5 billion yuan. On May 10, Huarong Holdings announced that it would terminate the acquisition of 100% equity of Nanjing Kaituo Optoelectronics. In view of the standardpennslammer36500Affected by the overall market environment, the company decided to terminate the transaction and terminal market demand recovered lower than expected. In fact, this is the company's third cross-border acquisition in recent years, but all ended in failure.