Exceed Company, which trades in China under the Xidelong brand, has announced it is negotiating with its chairman and chief executive Shuipan Lin to extend again the deadline for him to close on his proposed acquisition of the company following news he had secured a $15 million loan on Sept. 5. The board of Exceed had previously delayed a vote on the merger deal initially proposed last Dec. 2 in order to allow Lin to complete the financing of the transaction. After the merger, Lin's stake would increase from 38.0 percent to nearly 64 percent.

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