Zaisheng Technology Scraps Plan to Buy 49% of Maikelong Vacuum New Materials

MT Newswires Live

09/18

Chongqing Zaisheng Technology (SHA:603601) ended plans to acquire a 49% stake in Sichuan Maikelong Vacuum New Materials, according to a Shanghai bourse filing on Thursday.

The Chinese microfiber glass manufacturer said the plan did not push through because of objective factors.

The stake would have been acquired for 231 million yuan.

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