扬杰科技22亿元现金并购案“神速”开始“闪电”告终，卖方称存“较多分歧”

Core Viewpoint - The acquisition of Dongguan Better Electronics Technology Co., Ltd. by Yangjie Technology was abruptly terminated less than a month after receiving shareholder approval, primarily due to differences in business types, management styles, and corporate cultures between the two companies [1][3][4]. Summary by Sections Acquisition Details - Yangjie Technology announced a plan to acquire 100% of Better Electronics for 2.218 billion yuan, which was approved by shareholders on September 29 [1][3]. - The acquisition was notable for its high valuation, with an assessment showing a 282.89% increase in value compared to the book value of Better Electronics [4][8]. Termination Reasons - The termination was initiated by Better Electronics' actual controller and major shareholders, citing significant differences in future business philosophies and management approaches [1][3]. - The shareholders collectively held 39.35% of Better Electronics, making their withdrawal critical to the transaction's feasibility [3]. Financial Implications - Yangjie Technology stated that the termination would not result in any economic losses or adversely affect its strategic development or operations [2][6][7]. - The complex performance guarantee mechanisms established for the acquisition, including strict profit commitments and stock pledges, became void with the termination [8][9]. Company Response - Yangjie Technology's board of directors quickly convened to approve the termination of the acquisition [6]. - The company opted for a "peaceful separation," choosing not to pursue any breach of contract claims against Better Electronics' shareholders despite the existence of penalty clauses in the agreement [5][7].