NewsFlash / Cobalt & Lithium / TLH Energy Terminates Acquisition of Jiangsu Damo Semiconductor's Control Rights
TLH Energy Terminates Acquisition of Jiangsu Damo Semiconductor's Control Rights
iconMay 7, 2025 14:43
Source:SMM
【TLH Energy: Termination of Acquisition of Control Rights of Jiangsu Damo Semiconductor Technology Co., Ltd.】 Recently, TLH Energy announced in a public notice that it has decided to terminate the acquisition of control rights of Jiangsu Damo Semiconductor Technology Co., Ltd. The company and the counterparty signed a Letter of Intent for Acquisition on January 16, 2024, and subsequently entered into several supplementary agreements to finalize the transaction plan. However, due to changes in objective circumstances, all parties agreed, after consultation, to terminate this transaction and plan to sign Supplementary Agreement (IV) to address the remaining matters after the termination of the transaction, including the refund of the earnest money for the acquisition. The signing of this agreement is the result of prudent deliberations between the company and the counterparty, and neither party will bear any compensation or legal liability as a result. The target company will refund the earnest money for the acquisition as agreed upon the termination of the agreement, which will have no significant adverse impact on the company's operating performance and financial condition.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All