Youyan Silicon announced that the company plans to issue shares and pay cash to purchase 71.89% of Shandong Youyan Ace's shares and 14.98% of Shandong Youyan Semiconductor's shares and raise supporting capital. This transaction constitutes a major asset restructuring and related transaction. After completion, the two target companies will become wholly-owned subsidiaries of the company. As of the disclosure date of this announcement, the audit and evaluation work involved in this transaction is progressing in an orderly manner. The transaction still needs to go through multiple approval procedures, and there is uncertainty.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.