Xinghua New Material: Terminating the plan to acquire 51% equity of Tiankuan Technology
Xinghua New Material has terminated its plan to acquire a controlling stake in Hangzhou Tiankuan Technology. The decision to halt the acquisition, which was intended to be a cash transaction for at least 51% of the company's shares, was due to a failure to agree on key terms and transaction details. Xinghua New Material has committed to not pursuing any major asset restructuring for at least one month following this announcement. AI