Grinm Advanced Materials Co., Ltd. (SHSE:600206), Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. (TSE:3445) and GRITEK Employee Stock Ownership Association agreed to acquire 57.25% stake in GRINM Semiconductor Materials Co., Ltd from Beijing GRINM RS Semiconductor Technology Co., Ltd. on November 19, 2020. As per terms, GRINM Advanced, Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. and GRITEK Employee Stock Ownership Association will acquire 25.6%, 3.14% , 23.51% and 5% stake respectively. Upon completion, Beijing GRINM RS Semiconductor Technology Co., Ltd. will hold 42.75% stake in Grinm Advanced Materials Co., Ltd.
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- Grinm Advanced Materials Co., Ltd., Fujian Cangyuan Investment Co., Ltd., RS Technologies Co., Ltd. and GRITEK Employee Stock Ownership Association agreed to acquire 57.25% stake in GRINM Semiconductor Materials Co., Ltd. from Beijing GRINM RS Semiconductor Technology Co., Ltd.