San'an Optoelectronics: Terminate the joint foreign investor's acquisition of 100% equity of Lumileds

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Mars Finance News, Sanan Optoelectronics announced that the company initially planned to jointly acquire 100% equity of Lumileds Holding B.V. with overseas investors for $239 million.
Because the U.S. Committee on Foreign Investment (CFIUS) determined that the transaction posed an unresolved national security risk to the United States, they requested the withdrawal of the filing and the abandonment of the deal.
Given that the conditions precedent for the transaction could not be met, all parties voluntarily waived the transaction.
The company has not yet paid the equity transfer price, and the target equity has not been delivered.
The termination of this transaction does not constitute a breach of contract, will not have a substantial adverse effect on the company’s financial condition and ongoing operational capacity, and does not affect normal production and operations.

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