Asia
Vanchip to Acquire Stake in RF Filter Chipmaker for 270 Million Yuan; Shares Up 6%
Vanchip Tianjin Technology (SHA:688153) plans to acquire a 33% stake in Sibaichuang (Shenzhen) Technology for 270.3 million yuan, according to a Shanghai bourse filing on Thursday.The acquisition of the RF filter chip manufacturer's stake will be made through capital injection.The Chinese telecommunications equipment manufacturer will invest 252.8 million yuan of its own funds to subscribe for 4.9 million yuan worth of Sibaichuang's newly registered capital.Vanchip will also acquire 488,689 yuan of Sibaichuang's registered capital from shareholder Dai Chuxian for 17.5 million yuan.The company's shares jumped 6% during the afternoon trade.
SHA:688153
