Top Bright (TPE:8499) approved the acquisition of a 70% stake in Suzhou Dwell New Materials, through its unit Longyoung Electronics, for 770 million yuan.
Shares jumped about 10% in recent trade on Friday.
The deal will be paid in two tranches and is expected to close by mid-September, according to a Thursday Taiwan Exchange filing.
The acquisition aims to strengthen Longyoung Electronics' R&D and market position in polymer materials.
The company will fund the deal from internal cash and bank loans, it said.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。