Wuxi Weigan Semiconductor Co., Ltd., completed the acquisition of 10.28% stake in Gettop Acoustic Co., Ltd. from Weifang Aisheng Acoustics Technology Co., Ltd.
October 20, 2021
Share
Wuxi Weigan Semiconductor Co., Ltd., signed an agreement to acquire 10.28% stake in Gettop Acoustic Co., Ltd. (SZSE:002655) from Weifang Aisheng Acoustics Technology Co., Ltd., for approximately CNY 460 million on September 12, 2021. Pursuant to the terms of the transaction, Wuxi Weigan Semiconductor Co., Ltd., shall acquire 37 million shares. Wuxi Weigan Semiconductor Co., Ltd., will pay the transfer price in 3 phases. Wuxi Weigan Semiconductor Co., Ltd., must pay CNY 250 million within 5 working days after the agreement effective date. Wuxi Weigan Semiconductor Co., Ltd., must pay CNY 182.50 million within 15 working days after the completion date of the share transfer. Wuxi Weigan Semiconductor Co., Ltd., must pay CNY 30 million within 5 working days after the completion of the reelection of the company?s board of directors. This transaction still needs to be approved by Wuxi Weigan Semiconductor Co., Ltd.?s shareholders? meeting. Wuxi Weigan Semiconductor Co., Ltd., will become controlling shareholder. On September 29, 2021, the transaction was approved by the shareholders of Wuxi Weigan Semiconductor Co., Ltd. and 1more Acoustic Technology Co., Ltd. On October 20, 2021, the share transfer application has been confirmed by the Shenzhen Stock Exchange.
Wuxi Weigan Semiconductor Co., Ltd., completed the acquisition of 10.28% stake in Gettop Acoustic Co., Ltd. (SZSE:002655) from Weifang Aisheng Acoustics Technology Co., Ltd., on October 21, 2021.
Gettop Acoustic Co., Ltd., formerly SHANDONG GETTOP ACOUSTIC CO.,LTD, is a China-based company principally engaged in the research, development, manufacture and distribution of electric acoustic devices and components. The Companyâs main products consist of microphones, micro speakers, receivers and related array modules. The Companyâs products are applied in mobile communication equipment and related products, laptops, flat panel television sets, personal digital products, automobile electronics and other consumer electronics products. The Company also provides related electric acoustic services and solutions. The Company distributes its products in domestic market and to overseas markets.