Chongqing Millison Technologies Inc. (301307.SZ) terminates the major asset acquisition plan.

Chongqing Millison Technologies Inc. (301307.SZ) announced that the board of directors and the supervisory board have approved the resolution on terminating the planned major asset acquisition, agreeing to terminate the major asset restructuring. The company originally planned to establish a special purpose vehicle (SPV) in Luxembourg through its wholly-owned subsidiary Chongqing Millison Technologies Inc. Technology International Limited to acquire 97% equity of VOIT Automotive GmbH from BIEG Invest Eng. & Bet. mbH, Voit Beteiligungs GmbH, and Hendrik Otterbach in cash, and acquire 100% equity of Voit Polska Sp. Z o.o. from BIEG Invest Eng. & Bet. mbH, Caroline Kneip, Christopher Pajak, Johannes Voit, Peter Buck, Matthias Voit, Zbigniew Psikus, and Krzysztof Tomasik.