---
title: "KIBING: Termination of the issuance of shares for asset acquisition"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240138384.md"
description: "KIBING announced that it will terminate the transaction for the issuance of shares to acquire 28.78% equity in its controlling subsidiary KIBING Solar. Given that this transaction has been in planning for a long time, and considering the current market environment, transaction cycle, secondary market, and changes in the actual situation of the target company compared to the initial planning stage, in order to effectively safeguard the long-term interests of the listed company and the majority of investors, the company, after full communication and friendly negotiation with relevant parties, as well as careful research and thorough demonstration, intends to terminate this transaction and sign relevant termination agreements with the parties involved"
datetime: "2025-05-14T10:15:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240138384.md)
  - [en](https://longbridge.com/en/news/240138384.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240138384.md)
generator: "portal-rs"
---

# KIBING: Termination of the issuance of shares for asset acquisition

KIBING announced that it has terminated the transaction for the issuance of shares to acquire 28.78% equity in its controlling subsidiary KIBING Solar. Given that this transaction has been in planning for a long time, combined with changes in the current market environment, transaction cycle, secondary market, and the actual situation of the target company compared to the initial planning stage, in order to effectively safeguard the long-term interests of the listed company and the majority of investors, the company, after full communication and friendly negotiation with relevant parties, careful research, and thorough demonstration, intends to terminate this transaction and sign the relevant termination agreement with the parties involved

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**