AcquisitionsMay 11, 2026, 09:02 AM
UTime's Due Diligence for Feixiaohao Acquisition Progresses
AI Summary
UTime Ltd announced that its financial, legal, and operational due diligence for the proposed strategic transaction with Feixiaohao Technology Inc. is progressing smoothly and in an orderly manner. Feixiaohao is a widely recognized Web3 data and information platform. UTime believes this potential transaction will strengthen its strategic positioning in the evolving Web3 and digital data infrastructure sector, leveraging Feixiaohao's market presence and user base. The company emphasized that the transaction is still subject to the completion of due diligence, negotiation of definitive agreements, and regulatory approvals.
Key Highlights
- Due diligence for proposed acquisition of Feixiaohao Technology Inc. progressing smoothly.
- Feixiaohao is a widely recognized Web3 data and information platform serving millions of users.
- UTime believes the transaction will strengthen its strategic positioning in Web3 and digital data infrastructure.
- Potential synergies expected from Feixiaohao's established market presence and user base.
- CEO Hengcong Qiu expressed satisfaction with the progress and constructive discussions.
- Transaction remains subject to due diligence completion, definitive agreements, and regulatory approvals.
Price Impact
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