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On July 10, Pietech Technology (688072.SH) unveiled its strategic move to acquire an 82.97% controlling stake in Wuxi Shangji Semiconductor Technology Co., Ltd., along with a 100% ownership in both Shanghai Taina Micro and Wuxi Kuanxing. This will be achieved through a combination of share issuance and cash payment, while also raising matching funds. Upon the successful culmination of this transaction, Pietech Technology will secure direct and indirect ownership of 100% of Wuxi Shangji's shares. The company's stock is scheduled to recommence trading on July 13. This acquisition is poised to bolster Pietech Technology's core product portfolio, expand its reach in critical equipment for mainstream thin-film deposition processes and 3D integration domains, and solidify its strategic positioning within the semiconductor equipment sector.
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