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Xiangxin Technology: Calls Off Acquisition Plan for 51% Stake in Ku'erxin Technology
1 day ago /
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Author：小编
Xiangxin Technology (002965.SZ) has announced its decision to terminate the planned acquisition of a 51% stake in Suzhou Ku'erxin Technology Co., Ltd. This move comes after both parties were unable to come to a consensus on crucial terms. Given that the acquisition was still in the planning phase and no formal agreement had been executed between the two entities, the cessation of the plan does not constitute a breach of contract or incur any compensation obligations. Moreover, it is not expected to have a substantial impact on the company's financial standing or operational performance.
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