Jiuzi Holdings (JZXN) ended acquisition talks with Shenzhen Maigesong Electric Technology.
Jiuzi, based in Hangzhou, China, planned to acquire Shenzhen Maigesong for the development of its lithium battery production line and market expansion.
"After multiple rounds of discussions, the parties were unable to reach a consensus on critical issues," Jiuzi said Friday in a statement.
Jiuzi shares rose 5.2% in recent after-hours activity.
Price: 1.4100, Change: +0.07, Percent Change: +5.22
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments