Asia
Thinkon's Unit to Acquire Remaining Stake in Semiconductor Maker
Thinkon Semiconductor Jinzhou's (SHA:688233) unit, Beijing Zhongjingxin Technology, proposed to acquire the remaining stake it does not hold yet in Fujian Jinggong Semiconductor, according to a Wednesday disclosure on the Shanghai bourse.The stake of about 20% will be bought from Shenzhen Rongju Dingxin Investment Partnership (Limited Partnership).Jinggong Semiconductor manufactures semiconductors, ceramics, quartz, and metal materials.After the transaction, Zhongjingxin's holding in Jinggong Semiconductor will rise to 100% from about 80%.The semiconductor materials maker's shares dropped 4% at the close.
SHA:688233
