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FINWIRES

Shian Technology Mutually Terminates Tongling Fuyue Technology Acquisition; Shares Fall 10%

-- Guosheng Shian Technology (SHA:603778) mutually terminated its planned 240.6-million-yuan acquisition of Tongling Fuyue Technology.

The deal failed to satisfy a key condition precedent, which was securing an acquisition loan, despite an extension to April 15, according to a Tuesday filing with the Shanghai bourse.

Shares of the landscape company fell 10% in recent trade.

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