CEEPOWER terminates the acquisition of 60% equity in Huading Electric

Zhitong
2025.06.06 09:22
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According to the Zhitong Finance APP, CEEPOWER announced that on January 17, 2025, the company signed a "Letter of Intent" with Yangzhou Huading Electric Co., Ltd. (referred to as "Huading Electric") to acquire 60% of Huading Electric's equity in cash in the first phase. Given that both parties failed to reach a final transaction consensus within the agreed timeframe, they were unable to sign a formal equity transfer agreement. After careful consideration, the company has decided to terminate this intended transaction

According to the Zhitong Finance APP, CEEPOWER (300062.SZ) announced that on January 17, 2025, the company signed a "Letter of Intent" with Yangzhou Huading Electric Co., Ltd. (referred to as "Huading Electric") to acquire 60% of Huading Electric's equity in cash in the first phase. Given that both parties failed to reach a final transaction consensus within the agreed timeframe, they were unable to sign a formal equity transfer agreement. After careful consideration, the company has decided to terminate this intended transaction

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