Tederic Machinery Plans to Acquire At Least 51% of Yixin Micro's Total Equity Through Capital Increase and Equity Transfer
2 hour ago / Read about 0 minute
Author:小编   

On November 2, Tederic Machinery announced that it has entered into a framework agreement on equity acquisition, capital increase, and share expansion with Yixin Micro Semiconductor Technology (Shenzhen) Co., Ltd. and its actual controller, Zhou Yongqiang. The company plans to acquire no less than 51% of Yixin Micro's equity through a combination of capital increase and equity transfer. Specifically, it intends to purchase 16% of Yixin Micro's equity from its existing shareholders for no more than RMB 44.8 million in cash, and to inject up to RMB 200 million in cash to obtain 41.67% of the post-increase equity. Upon completion of the transaction, Tederic Machinery will hold a total of 51% of Yixin Micro's equity, making Yixin Micro its controlled subsidiary. Management believes that the target company's memory module segment is in a growth phase, and that this transaction will help the company achieve a transformation and upgrade toward its second growth curve.

  • C114 Communication Network
  • Communication Home
7 X 24 Track global technological trends
Hot Topic