Wenyi Trinity Technology to Buy Controlling Stake in Semiconductor Packaging Equipment Maker for 121 Million Yuan; Shares Up 10%

MT Newswires Live
09 Jun

Wenyi Trinity Technology (SHA:600520) plans to acquire 51% of Anhui Zhonghe Semiconductor Technology for a consideration of 121.4 million yuan, according to a Shanghai bourse filing on Friday.

Zhonghe Semiconductor Tech is a manufacturer of semiconductor packaging equipment, molds, ICs, and related services.

The stake will be bought from ten investors, the Chinese extrusion tools producer said.

The company's shares jumped 10% in recent trade.

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