Henan Shijia Photons Technology (SHA:688313) agreed to terminate plans to acquire a stake in Dongguan Fuchengxin Communication Technology, according to a Shanghai bourse filing on Wednesday.
The acquisition was initially planned to be implemented through share placement and cash.
All parties related to the transaction failed to reach a consensus on key matter, including the transaction price.
The Chinese optical communication company's shares dipped 9% at the close.
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