UFA: Plans to acquire controlling stake in Wuxi Yindi Chip Microelectronics Technology Co., Ltd., stock resumes trading

Zhitong
2025.05.19 11:59

UFA announced that the company plans to acquire the controlling stake in Wuxi Yindi Chip Microelectronics Technology Co., Ltd. from Wuxi Linying Enterprise Management Consulting Partnership and other trading parties through the issuance of shares, convertible corporate bonds, and cash payments. The company also plans to issue shares to raise matching funds from no more than 35 specific investors. This transaction is expected to constitute a related party transaction and a significant asset restructuring, but it does not constitute a restructuring listing. The company's securities will be suspended from trading starting May 6, 2025, with the suspension expected to last no more than 10 trading days. On May 19, 2025, the company will hold the 25th meeting of the third board of directors to review and approve the relevant proposals, and the company's stock will resume trading on May 20, 2025

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