Qin'an M&E to Buy Touchscreen Producer for 885 Million Yuan; Shares Up 5%
MT Newswires Live
Nov 12
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.
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