Primarius Technologies Clears M&A Hurdle for Dual Acquisition
Primarius Technologies (SHA:688206) obtained the approval of the Shanghai bourse's mergers and acquisitions committee for its acquisition of 100% of Chengdu IC Core Microelectronics Technology and 45.64% of Nanoeng Microelectronics Chengdu.The deal still requires registration approval from the China Securities Regulatory Commission, according to a Thursday filing with the Shanghai bourse.Shares of the electronic design automation company rose 6% in recent trade.