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Wuxi Unicomp Technology to Buy Entire Stake in Semiconductor Testing Company

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Wuxi Unicomp Technology (SHA:688531) will acquire the entire stake in Shanghai Philai Testing Technology for 935.9 million yuan from 11 shareholders, according to a Tuesday filing with the Shanghai bourse.

Unicomp will buy the stake in the semiconductor testing equipment company using a combination of stock issuances, convertible bond issuances, and cash, the filing said.

The listed X-ray technology and intelligent detection equipment company also plans to raise up to 306.4 million yuan through a private placement to fund the cash payments and to construct a research and development facility in Shanghai, the filing said.

Shares in the equipment company fell 2% during afternoon trading on Tuesday.

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