---
title: "CEEPOWER terminates the acquisition of 60% equity in Huading Electric"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243436857.md"
description: "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"
datetime: "2025-06-06T09:22:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243436857.md)
  - [en](https://longbridge.com/en/news/243436857.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243436857.md)
---

# CEEPOWER terminates the acquisition of 60% equity in Huading Electric

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

### Related Stocks

- [300062.CN](https://longbridge.com/en/quote/300062.CN.md)

## Related News & Research

- [QuantumCore Announces Closing of Second Tranche of Non-Brokered Private Placement | QNCRF Stock News](https://longbridge.com/en/news/296270602.md)
- [VNET Announces Strategic Cooperation with CATL | VNET Stock News](https://longbridge.com/en/news/296212256.md)
- [11:21 ETAdventHealth Wesley Chapel unveils advanced stroke intervention technology, bringing lifesaving thrombectomy care to Pasco County](https://longbridge.com/en/news/296248721.md)
- [CHAR Tech Reports Elimination of PFAS in Biochar from HTP Testing | CTRNF Stock News](https://longbridge.com/en/news/296101954.md)
- [AI chip startup Etched valued at $21 billion in latest funding round](https://longbridge.com/en/news/296247224.md)