Kosen Tech suspends Huizhou Zhangu Technology acquisition
Briefing by News4U · First published
Kosen Tech delays planned 53.26% stake purchase due to performance concerns.
Wall Street CN reported that Kosen Tech announced it will suspend its planned acquisition of a 53.26% stake in Huizhou Zhangu Technology, citing the need for further evaluation of the target company's performance and valuation alignment. [1]
The company stated the transaction will not have a material adverse impact on its operations or financial condition, and may resume once performance metrics are verified. [1]
Sources
- 快讯
Wall Street CN · · Full text