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SHE:002456

2 stories mentioning SHE:002456

Every FINWIRES story that references SHE:002456, newest first.

Asia

OFILM Group Completes Stake Transfer for Asset Acquisition

OFILM Group (SHE:002456) completed the transfer of a 28.2461% stake in OFilm Microelectronics Nanchang from Nanchang Chanmeng Investment Management.The move is part of a share issuance for asset acquisition, according to a weekend filing with the Shenzhen bourseWith the target assets now fully transferred, the company will issue new shares as consideration.Shares of the optoelectronic products manufacturer closed 3% higher Monday..

SHE:002456
Asia

OFILM Gets Chinese Securities Regulator's Nod to Issue Shares for Acquisition

OFILM (SHE:002456) received approval from the China Securities Regulatory Commission to place shares for an acquisition, according to a Shenzhen bourse filing on Wednesday.The company was allowed to place 137,643,466 shares to Nanchang Chanmeng Investment Management for the acquisition of 28.2% of OFILM Microelectronics (Nanchang).The Chinese optoelectronic products manufacturer's shares slumped 6% at the close.

SHE:002456