Chongqing Qin'an M&E (SHA:603758) will acquire 99% of Anhui Yigao Optoelectronic Technology for 884.6 million yuan, according to a Shanghai bourse filing on Wednesday.

Yigao Optoelectronic produces touchscreens, coated conductive glass, and vacuum-coated products.

The Chinese automobile engine manufacturer will make the acquisition through its subsidiary, Chongqing Lulingshanxi Enterprise Management, which will purchase the stake from 12 investors.

The company's shares jumped 5% during the midday trade.