Qinshang Optoelectronics announced on the 5th, and recently the company and Juchuang Technology signed the “Destruction Agreement†on the above “Equity Acquisition Letter of Intent†to terminate the acquisition of 51% equity of Juchuang Technology.
According to the announcement, Qinshang Optoelectronics signed an equity purchase letter of intent with Juchuang Technology on December 9 last year, intending to acquire a 51% stake in Juchuang Technology by way of equity transfer. Afterwards, despite repeated friendly negotiations between the two sides, it was not possible to reach an agreement on specific matters of mergers and acquisitions. The two parties finally decided to terminate the equity acquisition project.
Qinshang Optoelectronics said that the termination of the acquisition will not affect the company's normal operations, nor will it affect the company's future development plan.
According to the announcement, Qinshang Optoelectronics signed an equity purchase letter of intent with Juchuang Technology on December 9 last year, intending to acquire a 51% stake in Juchuang Technology by way of equity transfer. Afterwards, despite repeated friendly negotiations between the two sides, it was not possible to reach an agreement on specific matters of mergers and acquisitions. The two parties finally decided to terminate the equity acquisition project.
Qinshang Optoelectronics said that the termination of the acquisition will not affect the company's normal operations, nor will it affect the company's future development plan.
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