MGI Tech (SHA:688114) plans to purchase the entire stake in Shenzhen BGI Sanjianqifa Technology and Hangzhou BGI Xufeng Technology for 365.7 million yuan, according to a Monday disclosure to the Shanghai bourse.

MGI Tech, a gene sequencer and laboratory automation equipment manufacturer, will purchase the stakes after the acquisition of Sanjianqifa's spatiotemporal omics technology tha maps gene expression, and Xufeng's nanopore sequencing technology for decoding of DNA and RNA.

The transaction price for the acquisition of Sanjianqifa is at 158 million yuan, while that of BGI Xufeng is at 207.7 million yuan.

Following the acquisition of Sanjianqifa, MGI Tech plans to boost the capital in the company by 70 million yuan and BGI Xufeng by 60 million yuan, the filing said.

MGI will also loan 70 million yuan to Xufeng with an interest rate of 2.5% and a term of three years, the filing said.