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Guangzhou Technology: Intends to purchase 100% equity of PVD sputtering target company Leading Power Technology, stock resumes trading
On October 13, Jinshi Data News, Guanzhi Technology announced that the company plans to purchase 100% of the shares of Xiandao Electronic Technology Co., Ltd. held by a total of 55 shareholders of Xiandao Electronics through the issuance of shares and cash payment, and also plans to issue shares to raise matching funds from no more than 35 specific investors. The target company is committed to the research, production, and sales of advanced PVD sputtering targets and vapor deposition materials, as well as the recycling, purification, preparation, and sales of high-purity rare and scattered metals and compounds. The company's stock will resume trading on Monday, October 14, 2024.