Piotech Advances Semiconductor Asset Acquisition

MT Newswires Live08-11

Piotech (SHA:688072) is progressing with its plan to acquire three semiconductor-related entities along with raising supporting funds.

The company is targeting 82.97% of Wuxi Shangji Semiconductor, along with full ownership of Shanghai Tainaiwei and Wuxi Kuanxing, according to a Tuesday filing with the Shanghai bourse.

Trading was suspended from June 29 to July 13 while preliminary plans were finalized.

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.

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