Micro-electronics intends to acquire a 56.24% stake in Qingdao Zhancheng Technology for a sum of RMB 157 million. Upon the completion of this transaction, Micro-electronics will hold a controlling 61% equity stake in Zhancheng Technology, effectively making it a holding subsidiary. Zhancheng Technology is a specialist in integrated circuit (IC) design services and Electronic Design Automation (EDA) software development.
