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Yangjie Technology Terminates Share Issuance and Cash Payment Plan for Beta Electronics Acquisition; Aims to Negotiate Cash Purchase of Target Company's Equity in Full or in Part
6 day ago /
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Author：小编
Yangjie Technology has announced the termination of its initial plan to acquire 100% of Dongguan Beta Electronics Technology Co., Ltd. through a combination of share issuance and cash payment. The decision was prompted by several factors, including shifts in the capital market landscape, an inability to reach a mutual agreement between the transaction parties, and the realization that the deal's closing could not be achieved within the current fiscal year. The company has indicated its intention to engage in separate negotiations to acquire all or a portion of Beta Electronics' equity through a cash transaction.
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