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On the evening of September 18, Qin'an Parts (603758.SH) issued a statement revealing its decision to abandon the initial strategy of acquiring a 99% stake in Anhui Yigao Optoelectronics Technology Co., Ltd. through a combination of share issuance and cash payment, along with raising supplementary funds. Instead, the company has opted for a full cash acquisition approach. Presently, Qin'an Parts has entered into a preliminary cash acquisition agreement with 11 key shareholders of Yigao Optoelectronics. The definitive details of the transaction, encompassing the precise acquisition plan, valuation, payment terms, performance guarantees, and any potential compensation mechanisms, will be solidified in the final, formal agreement to be executed.
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