Jiuzi Holdings and Shenzhen Maigesong Terminate Negotiations to Focus on Future Growth
Jiuzi Holdings, Inc. - Ordinary Shares (JZXN)
Company Research
Source: GlobeNewswire
Shenzhen, China, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Jiuzi Holdings Inc. (NASDAQ: JZXN; the "Company" or “JZXN”), recently announced the amicable termination of acquisition negotiations with Shenzhen Maigesong Electric Technology Co., Ltd. ("Shenzhen Maigesong"). Although the proposed collaboration will not proceed, the experience has been a valuable step in JZXN’s exploration of opportunities in the renewable energy sector, providing fresh insights and momentum for the Company’s future development. JZXN had previously planned to fully acquire Shenzhen Maigesong to support the development of its lithium battery production line and expand its market reach. However, after multiple rounds of discussions, the parties were unable to reach a consensus on critical issues, including the cooperation model, resource integration approach, and strategic objectives. Guided by its commitment to aligning major decisions with its long-term development strategy, JZXN decided to terminate the discussi
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JZXN
Sec Filings
- 10/17/24 - Form 6-K
- 10/11/24 - Form 6-K
- JZXN's page on the SEC website