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FINWIRES

BOE HC SemiTek Subsidiary to License MLED Patents for 53 Million Yuan

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BOE HC SemiTek (SHE:300323) subsidiary Suzhou Jingxin will enter a 10-year patent license agreement with controlling shareholder BOE Technology Group for MicroLED-related patents.

Total fees for the related-party transaction are 52.9 million yuan, payable in installments, according to a Thursday filing with the Shanghai bourse.

The deal aims to strengthen Suzhou Jingxin's technological foundation and support market expansion.

Shares of the semiconductor and optoelectronics company closed 8% lower Friday.

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