
BANGYAN TECHNOLOGY terminates the acquisition of 100% shares of Xingwang Xintong

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BANGYAN TECHNOLOGY announced the termination of its plan to acquire 100% of the shares of Shenzhen StarNet Communication Technology Co., Ltd. The company originally planned to carry out the acquisition through the issuance of shares and cash payment, and to raise matching funds. On May 25th, the board of directors reviewed and approved the relevant proposal, deciding to terminate this transaction and authorized the management to handle related matters
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