Fuwei Films (Holdings) Co Ltd (NASDAQ: FFHL) has entered into a merger agreement with software solutions provider Baijiayun Limited, by which Baijiayun will merge with a wholly-owned subsidiary of Fuwei. Baijiayun will be the surviving entity, and the issued and outstanding share capital of Baijiayun will be canceled in exchange for newly issued shares of Fuwei. Upon completion of the deal, Baijiayun will become a wholly-owned subsidiary of Fuwei. The existing Baijiayun shareholders and existing
Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) ("Fuwei Films" or the "Company") and Baijiayun Limited ("Baijiayun"), a video SaaS/PaaS, video cloud and software, video AI and system solution provider, today announced that they have entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which Baijiayun will merge with a wholly-owned subsidiary of the Company, with Baijiayun being the surviving entity, and the issued and outstanding share capital of Baijiayun will be c
Fuwei Films (Holdings) Co., Ltd. (NASDAQ: FFHL) ("Fuwei Films" or the "Company"), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that the Company will conduct a one-time comprehensive maintenance program, which includes replacing some of the machine parts in the second production line (DMT production line) starting from July 12, 2022. The second production line has been operating without a pause for a substantial time, making this decision necessary.