ACM Research, Inc. completed the acquisition of remaining 18.36% stake in ACM Research, Inc from Shanghai Pudong High-Tech Investment Co., Ltd and Shanghai Pudong High-Tech Investment Co., Ltd.
November 07, 2017
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ACM Research, Inc. entered into an agreement to acquire remaining 18.36% stake in ACM Research (Shanghai), Inc from Shanghai Pudong High-Tech Investment Co., Ltd and Shanghai Pudong High-Tech Investment Co., Ltd for $14.3 million on August 31, 2017. As per the terms of agreement ACM Research, Inc. will issue 1.9 million shares of Class A common stock.
ACM Research, Inc. completed the acquisition of remaining 18.36% stake in ACM Research (Shanghai), Inc from Shanghai Pudong High-Tech Investment Co., Ltd and Shanghai Pudong High-Tech Investment Co., Ltd on November 8, 2017.
ACM Research Shanghai Inc is a China-based company mainly engaged in semiconductor business. The Company's main businesses are the research and development, production and sales of special equipment for semiconductors. The Company's products include semiconductor cleaning equipment, semiconductor electroplating equipment, and advanced packaging wet equipment. The Company's products are used in semiconductor wafer manufacturing, advanced packaging, silicon wafer manufacturing and recycling, and scientific research.
ACM Research, Inc. completed the acquisition of remaining 18.36% stake in ACM Research, Inc from Shanghai Pudong High-Tech Investment Co., Ltd and Shanghai Pudong High-Tech Investment Co., Ltd.
ACM RESEARCH (SHANGHAI), INC. 
