Jundingda announced the termination of its acquisition of a combined 51% equity stake in Huizhou Fudewangwang Industrial Development Co., Ltd. The company had originally planned to acquire, through a share purchase, the combined 51% stake in Fudewangwang held by Huang Tuwang and Li Mingxia. Jundingda stated that because the company, the target company, Huang Tuwang, and Li Mingxia failed to reach consensus on core transaction terms, continuing with the transaction would not be in the overall interests of all parties, and all parties unanimously agreed to terminate the transaction.
Jdd Tech New Mat Co LtdTermination of planned acquisition of 51% stake in Fudewangwang due to failure to reach consensus on core terms.
