Leascend Technology terminates the related matters of additional issuance and asset acquisition
Leascend announced the termination of its plan to acquire 69.71% of the shares of Xingchu Century Technology through the issuance of shares and cash payment, and to stop raising supporting funds. The company's board of directors has reviewed and approved the relevant proposals, authorizing the management to handle the termination matters
According to the Zhitong Finance APP, Leascend Technology (300051.SZ) announced that the company previously planned to acquire a total of 69.71% of the shares of Xingchu Century Technology Co., Ltd. (referred to as "Xingchu Century") from 38 trading counterparts, including Zigong Jinma Industrial Investment Co., Ltd., Fuzhou Digital New Infrastructure Industry Investment Partnership (Limited Partnership), and Qingchuang Bole Duhai (Qingdao) Equity Investment Partnership (Limited Partnership), through the issuance of shares and cash payment. At the same time, the company planned to issue shares to Hainan Leascend Technology Co., Ltd. (referred to as "Hainan Leascend") to raise supporting funds.
The company's board of directors reviewed and approved the proposal on "Terminating the Issuance of Shares and Cash Payment for Asset Acquisition and Raising Supporting Funds and Related Transactions," agreeing to terminate this issuance of shares and cash payment for asset acquisition and raising supporting funds and related transactions, and authorized the management to handle the relevant matters of this termination
