Orient Micro Semiconductor: Set to Divest 7.58% Stake in Affiliate Tech Semiconductor for 40 Million RMB
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Author:小编   

Orient Micro Semiconductor (688261.SH) has disclosed its intention to divest a 7.5758% equity interest in Suzhou Tech Semiconductor Technology Co., Ltd. to Suzhou Good-Ark Electronics Co., Ltd. for a consideration of 40 million RMB. This deal does not qualify as a related-party transaction, nor does it involve a significant restructuring of assets. Following the completion of the transaction, Orient Micro Semiconductor will retain a 7.5757% ownership stake in Tech Semiconductor. The company anticipates realizing a minimum gain of 28 million RMB from the equity transfer, which will be accounted for in the current period's profit and loss statement. At present, the transaction has secured approval from the board of directors and awaits the ratification of shareholders. Orient Micro Semiconductor has emphasized that the divestiture of this equity stake will contribute to refining the company's asset composition.