GRINM Semiconductor: Intends to Purchase Partial Stakes in Shandong GRINM AS and Shandong GRINM Semiconductor, with Stock Trading Halted from August 31
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Author:小编   

GRINM Semiconductor has announced its intention to acquire a 71.89% stake in Shandong GRINM AS Semiconductor Materials Co., Ltd. This acquisition will be executed by purchasing shares from both GRINM Group Co., Ltd. and Dezhou Huida Semiconductor Equity Investment Fund Partnership (Limited Partnership), utilizing a combination of share issuance and cash payment. Concurrently, the company is also set to acquire a 14.98% stake in Shandong GRINM Semiconductor Materials Co., Ltd. from Dezhou Economic and Technological Development Zone Jingtai Investment Co., Ltd., again through the mechanism of share issuance. Alongside these acquisitions, the company plans to raise additional supporting funds. It is anticipated that this transaction will be classified as a significant asset restructuring and related-party deal. However, it will not qualify as a restructuring listing and will not lead to any alteration in the company's controlling stake. Following the submission of an application, trading of the company's stock will be suspended starting from the market's opening on August 31, with the suspension period expected to last no more than 5 trading days.

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