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Piotech Receives Shanghai Stock Exchange Approval to Issue Shares for Asset Acquisition and Matching Fund Raising
5 hour ago /
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Author：小编
Piotech has announced plans to acquire an 82.97% stake in Wuxi Shangji Semiconductor, 100% equity in Shanghai Taina Micro, and 100% equity in Wuxi Kuanxing through the issuance of shares and cash payments, alongside raising matching funds. The Shanghai Stock Exchange has reviewed and approved the transaction; however, implementation remains subject to approval and registration by the China Securities Regulatory Commission. There is uncertainty regarding whether such approval will be obtained and when the registration will be completed.
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