Unigroup Guoxin Microelectronics Revises Asset Purchase Plan

MT Newswires Live07-27

Unigroup Guoxin Microelectronics (SHE:002049) disclosed a revised draft proposal to acquire assets through share issuance and cash payments while raising supporting funds, according to a weekend filing with the Shenzhen bourse.

Under the proposed deal, Unigroup Guoxin Microelectronics will fully acquire Ruineng Semiconductor, valued at 1.90 billion yuan as of December 2025, from 14 counterparties.

The deal, pending Shenzhen bourse review and China Securities Regulatory Commission registration, involves issuing shares to major semiconductor investment funds and private investors.

Shares of the semiconductor company rose 2% in morning trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment