Qin'an M&E Adjusts Plan to Acquire Yigao Optoelectronics' Majority Stake

MT Newswires Live

2025/09/19

Chongqing Qin'an M&E (SHA:603758) decided to cancel plans to place shares to acquire a majority stake in Anhui Yigao Optoelectronics Technology, according to a Shanghai bourse filing on Friday.

The Chinese automobile engine manufacturer instead plans to buy up to 99% of Yigao Optoelectronics through cash.

The move was made after the company determined that the share placement could not be completed within the year.

The company signed an agreement with eleven investors that hold the stake for the adjustment of its acquisition plans, but it is still in negotiation with one of the investors, Shenzhen Yuanzhi Xinghuo Private Equity Investment Fund Partnership (Limited Partnership).

The company's shares rose over 1% during afternoon trade.

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