Brief: Foxsemicon Integrated Technology unit to buy 75 pct stake in precision component company at $5.4 mln

FOXSEMICON INTEGRATED TECHNOLOGY

22/11/2016 09:53

Nov 22 (Reuters) - Foxsemicon Integrated Technology 
 3413.TW : 
     
    * Says its Shanghai-based semiconductor subsidiary will buy 
75 percent stake in a Kunshan-based precision component company 
at $5.4 million 
    * Says the subsidiary will hold 75 percent stake in the 
target company after acquisition 
     
     
    Source text in Chinese: https://goo.gl/2O8qSw 
    Further company coverage: 3413.TW  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com;)(+86 010 
62674724;)(Reuters 
Messaging:)(shuai.liu.reuters.com@reuters.net))