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Deal Collapses Within a Week: CATL Ultimately Declares It Will Not Acquire Stake in Yongtai Technology
3 day ago /
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Author：小编
On February 13, Yongtai Technology made public its decision to abandon the proposed acquisition of a 25% stake in Shaowu Yongtai Advanced New Materials Co., Ltd., which was currently held by Contemporary Amperex Technology Co. Limited (CATL). The acquisition was intended to be executed through the issuance of shares and the raising of corresponding funds (commonly referred to as matching funds in financial contexts). However, the deal fell through due to the inability of the involved parties to achieve a consensus on the plan's specifics. Consequently, trading of the company's shares will recommence on February 24.
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