Hubei Dinglong to Raise Stake in Chip Materials Unit to 99.4%

MT Newswires Live

06/12

Hubei Dinglong (SHE:300054) will raise its stake in subsidiary Dinghui Microelectronics to 99.4% from 91.4% by buying CCB Trust's 8% share for 240 million yuan.

The stake buy values the chip materials subsidiary at 3 billion yuan, according to a Thursday filing with the Shenzhen bourse.

Shares of the imaging materials producer declined 2% in recent trade.

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