Guangzhou Anyka Microelectronics (SHA:688620) plans to acquire an 85.8% stake in SiFli Technologies for 326.0 million yuan in cash.
SiFli Technologies specializes in high-performance, ultra-low-power Internet of Things chips, according to a Wednesday filing with the Shanghai bourse.
The deal is pending shareholder approval.
Shares of the integrated circuit product manufacturer closed 3% lower Wednesday.
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