Jiangxi Huangshanghuang Group Food (SHE:002695) terminated plans to acquire a controlling stake in Guangdong Zhancui Food, according to a Wednesday filing with the Shenzhen bourse.
The decision follows the failure to agree on key terms with Zhancui's controlling shareholder.
Huangshanghuang remains committed to pursuing strategic investments and delivering shareholder value, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.