Daejin Advanced Materials scraps planned merger with wholly owned YMP Lighting
Bitget2026/10/01 09:02- Daejin Advanced Materials withdrew its planned merger with wholly owned auto-lamp unit YMP Lighting, reversing an April 29 board decision.
- Termination followed a creditor at YMP Lighting objecting during the merger process, making completion impracticable.
- The companies mutually canceled the merger agreement, so no merger effectiveness will occur, including the previously set Oct. 1 merger date.
- No capital change or merger consideration will result; both entities will continue operating independently.
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