Chunqiu Electronics: Wholly-owned subsidiary extends tender offer to acquire shares of Asetek A/S, offer period extended to April 8th.

Spring and Autumn Electronics announced that the company plans to launch a voluntary cash tender offer to acquire Asetek A/S from all shareholders through its wholly-owned subsidiary CQXA Holdings. PTE. LTD, intending to acquire no less than 90% of the shares, with a total consideration of 547 million Danish Kroner. As of January 26, 2026, the offeror has received acceptances representing 90.12% of the shares of the target company. As of March 18, the company has obtained record-filing approval from the Department of Commerce of Jiangsu Province and the Development and Reform Commission of Kunshan City, but has not completed the overseas investment record-filing procedures of the foreign exchange management department, and the delivery conditions have not been met. The offeror will extend the offer period until April 8, with uncertainties regarding approval and completion of the acquisition.