Yangjie Technology progresses on asset acquisition plan

Yangzhou Yangjie Electronic Technology (SZSE:300373) announced continued progress on its plan to acquire 100% of Dongguan Beite Electronics through a combination of share issuance and cash payment. The company disclosed the original plan on March 27, 2025, and has since been working on due diligence, auditing, and asset valuation. The company expects further negotiations and will convene a board meeting to review the transaction as related tasks are completed. Trading of the company's shares, which was halted on March 13, 2025, has resumed since March 27, 2025. The company cautioned that the deal requires shareholder and regulatory approvals.