An undisclosed buyer entered into a share purchase agreement to acquire AEM Microtronics (Suzhou) Co., Ltd from AEM Holdings Ltd. (SGX:AWX) for CNY 5.5 million on April 28, 2023. As part of the acquisition, AEM Holdings Ltd sold 100% interest in AEM Microtronics. The consideration was arrived at on an arm?s length willing-buyer and willing-seller basis. As of July 31, 2023, AEM Microtronics reported a net asset value of CNY 3.7 million.

An undisclosed buyer completed the acquisition of AEM Microtronics (Suzhou) Co., Ltd from AEM Holdings Ltd. (SGX:AWX) on August 21, 2023.