Yiwang Yichuang announced the termination of its plan to issue shares and pay cash to acquire 100% equity in Beijing Lianshi Chuanqi Network Technology Co., Ltd., along with the associated fundraising. As the parties failed to reach a consensus on core terms, the project lacked a basis to proceed, and it was terminated after careful assessment and amicable negotiation with the counterparty. The company commits not to plan any major asset restructuring within one month from the date of this announcement, and states that the termination will not have a material adverse impact on its daily operations or financial position.
OnechanceTermination of planned acquisition and fundraising, a failed M&A deal.
