On November 25, Chunqiu Electronics made an announcement stating that its wholly-owned subsidiary, CQXA, plans to purchase all outstanding shares of Asetek A/S. Asetek is a company listed on the NASDAQ Copenhagen Exchange. CQXA intends to carry out this acquisition through a voluntary general tender offer, offering a cash price of DKK 1.72 per share. The total financial outlay for this acquisition will not surpass DKK 547 million (equivalent to roughly RMB 598 million).
