Yantai North Andre Juice (HKG:2218, SHA:605198) agreed to acquire a 62.1% stake in Ningbo Yongqiang Technology for 792.8 million yuan in cash, according to a Sept. 18 filing with the Hong Kong bourse.

The acquisition will make Ningbo Yongqiang a non-wholly owned subsidiary of Yantai North Andre, with its financial results consolidated into the group's accounts.

Ningbo Yongqiang is a high-tech company focused on the research, development, manufacturing and sales of electronic information interconnection materials for integrated circuits, the filing said.

Shares of the Andre Juice were down nearly 15% in Monday morning trade.