On the evening of December 5, Dioo Microcircuits made an announcement regarding the cessation of its proposed acquisition of a 100% equity stake in Rongpai Semiconductor. This acquisition was to be executed via a combination of share issuance and cash payment, representing a major asset restructuring move for the company.
The decision to terminate the acquisition came after meticulous deliberation and amicable discussions between the two parties, who were unable to agree on key terms, including the acquisition plan, valuation, and performance guarantees. Dioo Microcircuits has assured that the discontinuation of this acquisition will not materially and negatively affect its production, day-to-day operations, or financial standing.
