CIXING(SZ:300307) Mei Ri Jing Ji Xin Wen·2025-08-01 14:21Core Viewpoint - Cixing Co., Ltd. has announced the termination of its acquisition of 75% of Shenyang Shunyi Technology Co., Ltd. due to failure to reach consensus on certain commercial terms after multiple rounds of negotiations, prioritizing the long-term interests of its shareholders [1][3]. Group 1: Acquisition Termination - This marks the second time in 2023 that Cixing Co., Ltd. has terminated an acquisition deal [2]. - The intended acquisition of Shunyi Technology was part of Cixing's strategy to diversify and upgrade its production capabilities, as the company is a leader in the knitting machinery sector [3]. - Shunyi Technology specializes in health management systems and intelligent detection equipment, serving stable clients in the defense technology sector [3]. Group 2: Previous Acquisition Attempts - Earlier in 2023, Cixing Co., Ltd. also terminated its plan to acquire Wuhan Minsong New Technology Co., Ltd. due to disagreements on final transaction conditions [4][5]. - Wuhan Minsong has established a significant production line for RF filters and is expanding its capacity with a projected investment of 3 billion yuan, aiming for substantial annual output [5].