Goodix Tech aborts asset acquisition, funding plan

Shenzhen Goodix Technology (SSE:603160) announced the termination of its plan to issue shares and pay cash to acquire Yunyinggu Technology Co., Ltd., along with a related fundraising effort. The decision, approved by the company's board on March 3, 2025, was attributed to the failure to reach a consensus with the counterparty on key commercial terms, including the transaction price. Goodix Technology initiated the plan to acquire Yunyinggu Technology on November 22, 2024, which led to a temporary suspension of trading. The acquisition was not expected to cause any change in the actual controller of the company. The company will host an investor briefing on March 6, 2025 to explain the decision. In line with regulatory requirements, Goodix Tech committed to not planning any major asset restructuring within one month.