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TTSEMICONDUCTOR: Intends to Purchase a 20.0002% Stake in Its Controlling Subsidiary, Fujian Jinggong, for 195 Million Yuan
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Author：小编
TTSEMICONDUCTOR has declared that its fully-owned subsidiary, Zhongjingxin, intends to invest 195 million yuan to acquire a 20.0002% stake in Fujian Jinggong, currently held by Rongjudingxin. Upon completion of this acquisition, Fujian Jinggong will transition into a fully-owned subsidiary of Zhongjingxin. The agreed-upon transaction price was established through negotiations, taking into account an assessed valuation of 210 million yuan for Fujian Jinggong. The necessary funds for this acquisition will be supplied by TTSEMICONDUCTOR, sourced from its own capital reserves, through a capital increase. It's important to note that this transaction is contingent upon the approval of the shareholders' meeting.
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