Nexphase: Decision to Cease Acquisition of 100% Stake in Axiomtek
1 week ago / Read about 0 minute
Author:小编   

The company had initially envisioned acquiring 100% equity in Shenzhen Axiomtek Technology Co., Ltd. via a combination of share issuance, convertible bonds, and cash payments, while also securing additional funding to support this endeavor. Unfortunately, due to an inability to reach a consensus on the final acquisition plan among all involved parties, the company has opted to terminate this transaction. This decision is not anticipated to have any material adverse effects on the company's ongoing production, operations, or strategic growth trajectory.