Ferrotec (An Hui) Technology Development (SHE:301297) plans to issue shares and convertible bonds to acquire assets from 59 shareholders of Jiangsu Fulehua Semiconductor Technology, according to a Thursday filing with the Shenzhen Bourse.
The company will also raise supporting funds from up to 35 qualified investors. The transaction is subject to regulatory approval.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.