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Chipmotion: Announcement on the Termination of 100% Stake Acquisition in Guoxin Microelectronics
8 hour ago /
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Author：小编
On September 4, Chipmotion issued a statement declaring that, owing to the fact that the conditions for the transaction were not yet fully met (or "the transaction conditions were immature"), the company has made the decision to terminate its plan to acquire a 100% stake in Guoxin Microelectronics. A relevant agreement has been signed by both parties, clearly stating that there will be no mutual liability arising from this termination. Chipmotion emphasized that this decision will not have any adverse impact on the company's operational performance or financial standing.
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