Zhongchang Marine gives up on major restructuring deal

Shanghai: Zhongchang Marine announced that it has given up on a major restructuring deal and resumed stock trading. The company had suspended stock trading since June 3 for the potential deal.

Zhongchang Marine said it planned to acquire a technology company and raise funds from investors. However, eventually the two parties didn’t reach any agreements on the acquisition price and other restructuring terms. [05/08/14]
 

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