QA plans to change to a cash method to purchase 99% equity of Yigao Optoelectronics
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QA announced that it has decided to terminate the acquisition of 99% equity in Anhui Yigao Optoelectronic Technology Co., Ltd. through the issuance of shares and will instead acquire it in cash. The company has signed a cash acquisition intention agreement with 11 major shareholders of Yigao Optoelectronic, but the specific transaction plan and core terms still need further negotiation and the signing of a formal agreement, and there is uncertainty in implementation
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