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Kyland Technology issued a statement revealing that the company had initially intended to acquire all shares of Beijing Highwe Tech Electric Technology Co., Ltd. via a combination of share issuance and cash payment. Nevertheless, taking into account various factors including shifts in industry trends, the time frame for realizing synergistic outcomes, and the speed of securing substantial orders, both parties, after amicable discussions, opted to halt this major asset restructuring. Instead, they signed a Strategic Cooperation Agreement. This move aims to more reliably unlock synergistic value and mitigate integration risks. Looking ahead, both parties will revisit the comprehensive acquisition plan, contingent upon the progress of their synergistic efforts.
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