Beike (02423/BEKE) has announced the termination of its equity acquisition agreement with Space Intelligence and all existing shareholders. The decision was reached on December 23, 2024, after careful consideration of uncertain factors regarding delivery conditions. The company has terminated the acquisition through its wholly-owned subsidiary, Beike Meijia, and therefore recommends that the acquisition will no longer proceed. As of the announcement date, the company has not paid or paid any consideration for the acquisition.
The board of directors believes that this termination is fair and reasonable, in the overall interests of the company, and has no significant adverse impact on the company's business operations or financial condition. The announcement mentioned that the board of directors is composed of multiple executive and non-executive directors to ensure the diversity and rationality of decision-making.