---
title: "\"The snake swallows the elephant\" is terminated, Optics Tech opens with a limit down, the company responds with \"deceptive restructuring\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/246603005.md"
description: "Optics Tech opened with a limit down on June 30th due to the announcement of the termination of its related transaction with XianDao Electronics Technology. Investors expressed dissatisfaction, calling it a \"deceptive restructuring.\" The company responded that, although there was hope for successful communication, the transaction ultimately could not be completed due to prolonged time and communication barriers. The reasons for termination involve factors such as price and market value, and it remains uncertain whether future mergers and acquisitions will take place"
datetime: "2025-06-30T06:10:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/246603005.md)
  - [en](https://longbridge.com/en/news/246603005.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/246603005.md)
---

# "The snake swallows the elephant" is terminated, Optics Tech opens with a limit down, the company responds with "deceptive restructuring"

On June 30th, Optics Tech opened and immediately hit the "20cm" limit down. Previously, on June 27th, Optics Tech announced its decision to terminate the related transaction of issuing shares and paying cash to acquire 100% of the shares of XianDao Electronics Technology Co., Ltd. and raise matching funds. In response, many shareholders expressed their dissatisfaction in the stock forum, with some calling it a "deceptive restructuring." A relevant staff member from Optics Tech responded to reporters interviewing as investors, stating that the company had been communicating and hoped to succeed, but the process took too long, and there were obstacles in communication, ultimately leading to an unfavorable outcome. The staff member also revealed that the reasons for the termination included factors such as price and market value, and it is "hard to say" whether there will be another merger and acquisition restructuring in the future

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