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Galaxy Microelectronics announced that the company plans to purchase 90% of the shares of Hengtaike Semiconductor Co., Ltd. from Shanghai Zhineng Hengxin Industrial Electronics Co., Ltd. by issuing shares, and plans to issue 20.55,900 shares this time. After the transaction is completed, Zhineng Hengxin will hold 13.55% of the company's shares. The nature of this equity change is an increase in shares. The transaction still requires review and approval by the company's shareholders' meeting, review and approval by the Shanghai Stock Exchange, and registration approval from the China Securities Regulatory Commission. There is uncertainty about whether it can be completed. As of the date the report was signed, Zhineng Hengxin did not hold shares in the company, did not trade shares in the company during the first 6 months, and there are no specific plans to increase its holdings in the company within the next 12 months.
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Galaxy Microelectronics announced that the company plans to purchase 90% of the shares of Hengtaike Semiconductor Co., Ltd. from Shanghai Zhineng Hengxin Industrial Electronics Co., Ltd. by issuing shares, and plans to issue 20.55,900 shares this time. After the transaction is completed, Zhineng Hengxin will hold 13.55% of the company's shares. The nature of this equity change is an increase in shares. The transaction still requires review and approval by the company's shareholders' meeting, review and approval by the Shanghai Stock Exchange, and registration approval from the China Securities Regulatory Commission. There is uncertainty about whether it can be completed. As of the date the report was signed, Zhineng Hengxin did not hold shares in the company, did not trade shares in the company during the first 6 months, and there are no specific plans to increase its holdings in the company within the next 12 months.
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