PhiChem's subsidiary plans to acquire 100% equity of JNC Suzhou and all patents related to display liquid crystals owned by the JNC Group
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PhiChem's wholly-owned subsidiary Jiangsu Hecheng Display Technology Co., Ltd. plans to purchase 100% equity of JNC Suzhou for 170 million yuan and acquire all display-related patents from JNC Group for 212 million yuan. JNC will subscribe to Hecheng Display's increased registered capital for 170 million yuan, obtaining a 5.10% equity stake. This transaction aims to optimize the industrial structure, strengthen resource integration, consolidate the company's core competitiveness, align with long-term development plans, and will not have a significant adverse impact on the company's operating results and financial condition
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