Guoxing Optoelectronics (002449) issued an announcement on Tuesday evening. After comprehensive consideration, the company decided to withdraw from the participation in the establishment of Foshan Private Bank due to factors such as the implementation cost and potential risks of the establishment of Foshan Private Bank.
Recently, the company received a feasibility study report issued by the preparatory group of Foshan Private Bank. Through a comprehensive and careful interpretation of the feasibility study report, it is believed that the sponsor in the report should bear the relevant losses of the invested bank under certain circumstances. The agreement of unlimited joint liability is inconsistent with the purpose of the company's overall operation and management, which is not conducive to maintaining the overall interests of the company.
Guoxing Optoelectronics said that the company will continue to do its current business as usual, strive for continuous growth of its main business, and achieve sustainable value enhancement, in order to actively return to all shareholders.
Recently, the company received a feasibility study report issued by the preparatory group of Foshan Private Bank. Through a comprehensive and careful interpretation of the feasibility study report, it is believed that the sponsor in the report should bear the relevant losses of the invested bank under certain circumstances. The agreement of unlimited joint liability is inconsistent with the purpose of the company's overall operation and management, which is not conducive to maintaining the overall interests of the company.
Guoxing Optoelectronics said that the company will continue to do its current business as usual, strive for continuous growth of its main business, and achieve sustainable value enhancement, in order to actively return to all shareholders.
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