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Tai Ling Micro Aims to Acquire 100% Stake in Panqi Micro; Trading to Resume on September 1
1 week ago /
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Author：小编
On August 29, Tai Ling Micro (688591.SH) officially announced its intention to acquire 100% of the equity in Shanghai Panqi Microelectronics Co., Ltd. through a combination of share issuance and cash payments. Additionally, the company plans to raise supporting funds concurrently. Both Panqi Micro and Tai Ling Micro specialize in the design of low-power wireless IoT chips, making this acquisition a highly synergistic business move. The primary objective of this acquisition is to establish an ultra-low-power, full-scene IoT wireless connectivity platform, thereby bolstering Tai Ling Micro's market competitiveness. Trading of the company's shares will resume on September 1.
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