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Xiangcai's Merger with DZH Halted After Data Expiry
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Xiangcai's Merger with DZH Halted After Data Expiry
The Shanghai Stock Exchange has put a hold on reviewing the merger between Xiangcai, a Chinese brokerage firm, and Shanghai DZH, an online financial data service provider, due to outdated data that needs to be refreshed. Both companies issued separate statements on March 15 explaining the situation. Xiangcai, based in Harbin, noted that the valuation information used in the transaction has expired and requires an update. Additionally, the financ…
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