LiXing Co., Ltd. (300421.SZ) Terminates Acquisition Plan for Fei Yan Steel Ball Controlling Stake

Stock News07-16

LiXing Co., Ltd. (300421.SZ) has officially announced the discontinuation of its planned acquisition of a controlling interest in Qingdao Flying Swallow Lingang Precision Steel Ball Manufacturing Co., Ltd. (known as Fei Yan Steel Ball). The strategic move, initially designed to expand the company's industrial chain and boost competitiveness through cash-based acquisition, faced unexpected hurdles. Throughout the preparatory phase, LiXing actively coordinated with transaction counterparts, commissioning intermediaries for comprehensive due diligence, auditing, and valuation procedures. Despite intensive negotiations, both parties failed to reach agreement on critical acquisition terms within the designated timeframe. Prioritizing shareholder interests and corporate stability, LiXing's management conducted thorough deliberations before concluding termination represents the most prudent course of action.

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(300421.SZ) Terminates Acquisition Plan for Fei Yan Steel Ball Controlling Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-07-16 15:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LiXing Co., Ltd. (300421.SZ) has officially announced the discontinuation of its planned acquisition of a controlling interest in Qingdao Flying Swallow Lingang Precision Steel Ball Manufacturing Co., Ltd. (known as Fei Yan Steel Ball). The strategic move, initially designed to expand the company's industrial chain and boost competitiveness through cash-based acquisition, faced unexpected hurdles. 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