Giga Device Semiconductor to Acquire 70% Stake in Suzhou Syscore Electronics Technology

MT Newswires Live11-06

Giga Device Semiconductor (SHA:603986) intends to jointly acquire a 70% stake in Suzhou Syscore Electronics Technology.

The 70% stake is valued at 581 million yuan, according to a Wednesday filing with the Shanghai Stock Exchange.

Shares of the fabless supplier rose 4% in recent trade.

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