Anhui Landun Photoelectron (300862.SZ) Terminates Acquisition of SCSemi Stake

Stock News12-11

Anhui Landun Photoelectron Co.,Ltd. (300862.SZ) announced the termination of its planned acquisition of a partial equity stake in Shanghai SCSemi Co., Ltd. The company stated that after active negotiations with relevant parties and thorough consideration of both parties' circumstances, the decision was made to control investment risks and minimize the impact of external investments. This move aims to protect the interests of the company and all shareholders, particularly minority shareholders. Following careful evaluation and joint discussions with Zhuhai Luoheng, Anhui Landun and its affiliate Lanxin Partnership have mutually agreed to terminate the transaction.

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