Sichuan Tianwei Electronic Co., Ltd. (688511.SH) terminates the acquisition of 60% equity in Xiuwai Technology and the matter of increasing capital and shares.
Tianwei Electronics (688511.SH) announced that the company's board of directors has approved the proposal to terminate the acquisition of equity and the capital increase of Chengdu Xiuwai Technology Development Co., Ltd. Due to changes in the external environment and objective factors related to the transaction, the company has made a prudent comprehensive assessment and, after full communication and negotiation with Xiuwai Technology and its counterparties, has decided to terminate the acquisition of 60% of Xiuwai Technology's equity and the capital increase. The termination of this matter will not have an adverse impact on the company's operating performance.
Sichuan Tianwei Electronic Co., Ltd. (688511.SH) announced that its board of directors has reviewed and approved the proposal to terminate the acquisition of equity in Chengdu Xiuwai Technology Development Co., Ltd. and the capital increase. Due to changes in the external environment and objective factors related to the transaction, the company has conducted a thorough and prudent assessment and, after full communication and negotiation with Xiuwai Technology and its counterparties, has decided to terminate the acquisition of 60% equity in Xiuwai Technology and the capital increase. The termination of this matter will not have an adverse impact on the companys operating performance.
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