Sino-Agri Leading Biosciences (SHA:603970) terminated its proposed acquisition of at least 50% equity in Zhejiang Taizhou Agricultural Materials.
While both sides conducted due diligence and held extensive negotiations, they failed to reach agreement on several key terms within the 180-day validity period, according to a Tuesday filing with the Shanghai bourse.
Shares of the crop protection product manufacturer were down 2% Tuesday.
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