Advanced Micro-Fabrication Equipment China (SHA:688012) completed the acquisition of a 64.69% stake in Hangzhou Zhonggui Electronic Technology, moving forward with its share-and-cash acquisition plan.
The company will now issue new shares to transaction counterparties and issue shares to raise supporting funds, according to a Sunday filing with the Shanghai bourse.
Shares of the chip gear maker declined 6% in recent trade.
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