Sou Hu Cai Jing·2025-11-30 05:06Core Viewpoint - The acquisition of Zhongxin Ningbo by Guoke Micro has been terminated due to the inability to reach consensus on related matters within the expected timeframe, prioritizing the long-term interests of the company and its investors [1][6]. Group 1: Announcement of Termination - Guoke Micro announced the termination of the acquisition of Zhongxin Ningbo on November 28, following the approval of the board and supervisory committee [1][5]. - The termination was formalized through a signed agreement with relevant parties, including Zhongxin International's wholly-owned subsidiary [5]. Group 2: Background of the Acquisition - The acquisition plan was initially announced on June 5, where Guoke Micro intended to purchase 94.366% of Zhongxin Ningbo's shares through a combination of stock issuance and cash payment [4]. - Guoke Micro had issued multiple progress announcements regarding the acquisition from July to October [4]. Group 3: Reasons for Termination - The termination was attributed to the inability to reach agreement on various aspects of the transaction despite efforts from all parties involved [6]. - The decision was made after thorough communication and consideration, emphasizing a cautious approach to protect the interests of the company and its investors [6]. Group 4: Expert Opinions - Experts had previously expressed skepticism about the acquisition, noting the lack of synergy between Guoke Micro, a fabless chip design company, and Zhongxin Ningbo, a foundry specializing in RF devices and MEMS [7]. - The differing focuses of the two companies raised concerns about the limited collaborative potential between digital chip design and analog chip foundry services [7].