---
title: "Optics Tech terminates acquisition of XianDao Electric Science"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/246493301.md"
description: "On the evening of June 27, Optics Tech (47.280, 0.53, 1.13%) (stock code: 300489) announced that the company has decided to terminate the related party transaction of issuing shares and paying cash to acquire 100% of the shares of XianDao Electronic Technology Co., Ltd. and raising matching funds. Thus, this highly anticipated \"snake swallowing elephant\" merger has officially been shelved. (Sina Finance)"
datetime: "2025-06-28T06:12:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/246493301.md)
  - [en](https://longbridge.com/en/news/246493301.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/246493301.md)
---

# Optics Tech terminates acquisition of XianDao Electric Science

On the evening of June 27, Optics Tech (47.280, 0.53, 1.13%) (stock code: 300489) announced that the company has decided to terminate the related party transaction of issuing shares and paying cash to acquire 100% of the shares of XianDao Electronic Technology Co., Ltd. and raising supporting funds. Thus, this highly anticipated "snake swallowing elephant" merger has officially been shelved. (Sina Finance)

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