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Upmaster Electronics Set to Acquire Full Stakes in Two Firms for RMB 317 Million
2 day ago /
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Author：小编
On September 26, Upmaster Electronics unveiled a preliminary proposal to acquire a 40% stake in Shenzhen OCX Semiconductor Co., Ltd. and a 45% stake in Shenzhen Yihainengda Co., Ltd. The acquisition will be executed through a combination of share issuance and cash payment. Following negotiations, the transaction price for the 40% stake in OCX has been tentatively fixed at RMB 200 million, whereas the price for the 45% stake in Yihainengda is tentatively set at RMB 117 million. Once these transactions are finalized, both companies will transition into wholly-owned subsidiaries of Upmaster Electronics.
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