Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) agreed to acquire remaining 49% stake in Shanghai WOTE Huaben Semiconductor Technology Co., Ltd. from Valqua, Ltd. (TSE:7995) for CNY 60.27 million on February 28, 2024. Shanghai WOTE Huaben Semiconductor Technology Co., Ltd. is already reported Total assets worth CNY 160.7 million, Total revenue of CNY 191.6 million and Net Income of CNY 16.5 million on December 31, 2023. Transaction is already approved by Shenzhen WOTE Advanced Materials board of directors.