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Advanced Semiconductor Materials: Chizhou Wanye to Divest 10% Stake in Zhongjing Zhixin for 150 Million Yuan
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Author：小编
On September 3, Advanced Semiconductor Materials disclosed that its wholly-owned entity, Chizhou Wanye, intends to divest its 10% equity interest in Suzhou Zhongjing Zhixin Semiconductor Partnership (a Limited Partnership) to Nanjing Quanyi, Nanjing Yuanfu, and Nanjing Diyuan, allocating the shares at ratios of 4%, 3%, and 3% respectively. The aggregate consideration for this transaction is set at 150 million yuan. This strategic move has received the green light from the board of directors and, as such, will not necessitate shareholders' meeting approval. Presently, the formalities for the equity transfer registration are in progress and await finalization.
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