National Silicon Industry Plans to Lease Part of Shanghai Plant to Related Party

MT Newswires Live

02/09

National Silicon Industry (SHA:688126) subsidiary Shanghai Xinsheng plans to lease 7,988 square meters of industrial plant space in Shanghai's Lingang area to related party Shanghai Jicai Huizhi.

The nine-year lease, starting March 1, will be used to establish integrated circuit material testing and research and development platforms, according to a Saturday filing with the Shanghai bourse.

The total rent over the whole period is estimated at about 39.4 million yuan.

Shares of the semiconductor wafer manufacturer closed 1% higher Monday.

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