Orient Semi (listed as 688261.SH on the Shanghai Stock Exchange) has made a public announcement stating its intention to purchase 117,319 shares of Suzhou Denglin from Huoerguosi Wanmulong. The purchase price is set at RMB 85.2378 per share, culminating in a total transaction value of RMB 10 million. Concurrently, Gong Yi, who is one of the principal controllers of Orient Semi, will also acquire 35,195 shares, with the transaction amounting to RMB 3 million. Furthermore, China-Singapore Suzhou Industrial Park Venture Capital Co., Ltd., a shareholder in the company, is set to buy 586,594 shares, with the deal valued at RMB 50 million. Upon the completion of these transactions, Orient Semi, Gong Yi, and China-Singapore Venture Capital will respectively own 0.2175%, 0.0652%, and 4.3998% of the equity in Suzhou Denglin. It is important to note that all financial resources for this transaction will be derived from the company's internal funds.
