Wuhan Lincontrol plans to issue additional shares for acquisition and will continue to be suspended from trading starting January 23
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Wuhan Lincontrol announced that it is planning to acquire 51%-100% equity of Jiangsu Aoyikes Automotive Electronics Technology Co., Ltd. through the issuance of shares and cash payment. Due to significant uncertainties in the transaction, the company's stock will continue to be suspended from trading starting from January 23, 2025, and the suspension is expected to last no more than 5 trading days
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