GRINM Semiconductor Materials: Intends to Acquire 71.89% Stake and Additional Equities; Trading Suspended Starting August 31
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Author:小编   

On August 28, GRINM Semiconductor Materials disclosed its plan to acquire a 71.89% equity interest in Shandong GRINM AS Semiconductor Materials Co., Ltd., along with a 14.98% stake in Shandong GRINM Semiconductor Materials Co., Ltd. This will be achieved through a combination of share issuance and cash payment, while also raising matching funds. Following the completion of this transaction, both companies will become wholly-owned subsidiaries of GRINM Semiconductor Materials. It is anticipated that this deal will constitute a significant asset restructuring and involve related-party transactions, but it does not amount to a backdoor listing. Consequently, trading of the company's shares will be suspended from August 31, 2026, with the suspension expected to last no longer than five trading days.

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