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On June 9, Infinet Electronics Co., Ltd. released an official statement, announcing substantial modifications to its initial plan. This plan had originally involved issuing shares and making cash payments to acquire assets, as well as raising matching funds through related transactions. However, the company has now decided to abandon its intention to acquire a 100% stake in Firstech China Co., Ltd. Instead, it will solely proceed with the acquisition of a 100% stake in Shanghai Xiao Ke Li Information Technology Co., Ltd. Consequently, the number of transaction counterparties has been reduced to eight entities, one of which includes Tao Tao. Additionally, the share issue price has been revised from RMB 5.97 per share to RMB 6.85 per share, reflecting the adjusted terms of the deal.
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