Dongbai Group Abandons Kualing Photonics Acquisition After Three Days
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Dongbai Group announced plans to acquire a 52.6667% stake in Hangzhou Kualing Photonics for RMB 316 million, valuing Kualing Photonics at RMB 600 million and giving the company a foothold in indium phosphide photodetector chips. Kualing Photonics develops, manufactures and sells photodetector chips through its wholly owned subsidiary Guangte Technology. Regarding the announcement date, C114 initially reported the evening of October 11, while later reports said October 12. On October 15, Dongbai Group announced the termination of the deal after the parties failed to agree on key terms, with the company's share price swinging sharply over the three-day period.
AI-generated from reports · updated 1 day ago
Developments
- Oct 15, 16:29 · 1 reportDongbai Group Terminates Acquisition of Kuailing OptoelectronicsC114 Communications Network · Optical Communications：Dongbai Group Abandons InGaAs Photodetector Chip Maker Kualing Optoelectronics Deal Within Three Days
- Oct 12, 09:53 · 1 reportDongbai Group to Acquire Kuailing OptoelectronicsC114 Communications Network · Optical Communications：Dongbai Group to Acquire 52.67% of Optical Chip Maker Kuailing Photonics for CNY316 Million
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- C114 Communications Network · Optical CommunicationsDongbai Group Abandons InGaAs Photodetector Chip Maker Kualing Optoelectronics Deal Within Three Days
Dongbai Group announced on October 12 that it planned to acquire a 52.6667% stake in Hangzhou Kualing Optoelectronics for RMB 316 million to enter the indium phosphide photodetector chip market. On October 15, it announced the termination of the transaction after the parties failed to agree on key terms. Dongbai Group's share price swung sharply over the three-day period.
- C114 Communications Network · Optical CommunicationsDongbai Group to Acquire 52.67% of Optical Chip Maker Kuailing Photonics for CNY316 Million
Dongbai Group announced on the evening of October 11 that it plans to acquire 52.6667% of Hangzhou Kuailing Photonics for CNY316 million, entering the indium phosphide photodetector chip market. The deal values Kuailing Photonics at CNY600 million. Kuailing Photonics develops, manufactures and sells photodetector chips through its wholly owned subsidiary Guangte Technology.
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Current heat 3 ·Peak within comparable scope 3 （Oct 17, 14:00） ·Change over the past 24 hours within comparable scope –
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