Advanced Micro-Fabrication Equipment Inc. China (688012.SH) Plans to Acquire Control of Hangzhou Zhonggui; Trading Halted

Stock News12-18

Advanced Micro-Fabrication Equipment Inc. China (688012.SH) announced that the company is planning to acquire a controlling stake in Hangzhou Zhonggui Electronic Technology Co., Ltd. (referred to as "Hangzhou Zhonggui") through a share issuance and raise supporting funds. The valuation and pricing of the target assets have not yet been determined. Preliminary estimates indicate that the transaction does not constitute a major asset restructuring. The company's shares will be suspended from trading starting December 19, with the suspension expected to last no more than 10 trading days. Hangzhou Zhonggui specializes in the R&D, production, and sales of high-end chemical mechanical planarization (CMP) polishing equipment, providing customers with comprehensive CMP equipment solutions. Its main products include 12-inch CMP equipment.

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