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BRIEF-Shenzhen Kaizhong withdraws interest in acquisition of Pacific Insight

Published 2017-09-25, 08:57 a/m
BRIEF-Shenzhen Kaizhong withdraws interest in acquisition of Pacific Insight
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Sept 25 (Reuters) - Shenzhen Kaizhong Precision Technology Co Ltd 002823.SZ :

* Shenzhen Kaizhong withdraws interest in acquisition of pacific insight

* Says Methode Electronics, co previously said Methode will buy co for $18.50/share

* Says Shenzhen Kaizhong precision issued news release announcing Kaizhong no longer proceeding with proposed acquisition of co

* Says since September 6, neither Kaizhong nor its advisors have contacted company or any of its advisors

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