On the afternoon of October 7th, in response to the asset restructuring of Midea Group and its holding subsidiary Little Swan, Midea Group announced that the parties involved in the asset restructuring were all listed companies, and the matters involved in the restructuring plan were more complicated. The original plan is to be held before September 28, 2018. The board of directors will review the assets restructuring and related matters will be postponed. The company will further promote the process of accelerating the reorganization, and convene the board meeting in time after the confirmation of related assets reorganization, to review and disclose the relevant plans.
The announcement information shows that during the suspension period, the company will fulfill its information disclosure obligations in a timely manner, and announce the progress of relevant matters at least every five trading days.
The following is the announcement of the Midea Group on deferring the convening of the board of directors to review the assets restructuring and the suspension of the company's shares:
