BRIEF-VeriSilicon Microelectronics Shanghai Scraps Asset Acquisition Plan

Reuters12-12

Dec 12 (Reuters) - VeriSilicon Microelectronics Shanghai Co Ltd 688521.SS:

SAYS IT SCRAPPED PLAN TO BUY 97% STAKE IN SEMICONDUCTOR FIRM
SAYS TARGET COMPANY'S DEMANDS DIDN'T ALIGN WITH MARKET CONDITIONS, POLICY REQUIREMENT, CO'S INTERESTS

Source text

Further company coverage: 688521.SS

(Reporting by Beijing Newsroom)

((yukun.zhang@thomsonreuters.com;))

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