Bangyan Technology Ends Plan to Buy StarNet Xintong Tech

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2025.05.26 07:22
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Bangyan Technology terminated plans to acquire Shenzhen StarNet Xintong Technology through share placement and cash, according to a Monday disclosure on the Shanghai bourse. The Chinese communications equipment maker failed to reach a consensus with the other parties in the deal for the final cooperation plan, the disclosure said. The company's shares closed less than 15% lower.