Asia
Xingye Leather Technology Pivots to Compound Semiconductors in 55-Million-Yuan Deal
Xingye Leather Technology (SHE:002674) signed a framework agreement to acquire Qingdao Lion's indium phosphide substrate business for 55 million yuan in cash, according to a Monday filing with the Shenzhen bourse.The move marks the leather company's strategic pivot into compound semiconductors.Shares of Xingye Leather Technology closed 10% higher Monday.
SHE:002674
