Naradar terminates the acquisition of 100% equity in Tianjin Sigma

NightAirdropper · 2026-03-23T18:12:21+00:00

Nasdaq-listed Naray Radar announced the termination of the issuance of shares and cash purchase transaction for 100% equity of Tianjin Sigma, and withdrew the relevant application documents. The company attributed the termination to changes in market conditions and stated that this termination will not have a material impact on the company's operations and financial condition.

NightAirdropper

2026-03-23 18:12:21

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Beijing Business Daily (Reporter Ma Huanhuan, Li Jiaxue) reported that on the evening of March 23, Nare Radar (688522) announced that the company held the 15th meeting of the second board of directors on the same day, and agreed to terminate the issuance of shares and payment of cash to purchase assets, as well as the fundraising for supporting funds, and withdrew the application documents.

The announcement states that Nare Radar originally planned to acquire 100% equity of Tianjin Sigma through issuing shares and paying cash, while also raising supporting funds. This transaction is not expected to constitute a major asset reorganization or a restructuring for listing.

Nare Radar stated that due to changes in market conditions and other factors, the board of directors agreed to terminate this transaction and withdraw the related application documents. Currently, the company’s production and operation are normal, and the termination of this transaction will not have a significant adverse impact on the company’s production, operation, or financial condition.

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