Xizi Clean Energy Equipment Manufacturing (SHE:002534) terminated the sale of a 16.4195% stake in Hepu Energy Environmental Technology to Shenghui Intelligent Technology, according to a Tuesday filing with the Shenzhen bourse.
The energy utilization and engineering solutions company first disclosed the deal in April 2025.
The termination come amid changes in Hepu Energy's operating performance and financial health, according to the filing.
The parties have also agreed not to seek damages for the termination of the deal.
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