Core Viewpoint - Foshan Lighting has decided to terminate the acquisition of Qingdao Yilai Intelligent Technology Co., Ltd. due to changes in market conditions, as communicated by the counterparty [1] Group 1: Acquisition Details - Foshan Lighting signed a share acquisition intention agreement on October 28, 2024, to acquire over 50% of Yilai Intelligent's shares, with specific terms to be determined after due diligence and evaluation [1] - The counterparty suggested terminating the agreement due to market environment changes, leading Foshan Lighting to decide to halt the acquisition [1] Group 2: Agreement Status - The intention agreement was a preliminary agreement and had not been reviewed by the company's board, nor had a formal acquisition agreement been signed [1] - Both parties are not liable for the termination of the transaction as per the terms of the intention agreement [1] Group 3: Impact on Company - The termination of the acquisition will not adversely affect the company's production operations or financial status, and there is no harm to the interests of the company and its shareholders [1] Group 4: Market Reaction - On August 25, Foshan Lighting's stock fell by 0.98%, closing at 7.06 yuan per share, with a total market capitalization of 10.84 billion yuan [1]
佛山照明终止收购易来智能股权