National Silicon Industry Group (SHA:688126) issued 6.72 billion yuan worth of shares to six investors to acquire full ownership of three target companies.
A total of 47.4 million shares were issued at 15.10 yuan apiece, according to a Thursday filing with the Shanghai bourse.
After the completion of the transfer, the company and subsidiary Shanghai Xinsheng Semiconductor Technology fully hold the equity of Xinsheng Jingtou, the company and Xinsheng Jingtou fully hold the equity of Xinsheng Jingke, and the company and Xinsheng Jingke fully hold the equity of Xinsheng Jingrui.
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