Etmade Automatic Equipment Plans Full Takeover of Yitian Semiconductor Equipment
Shenzhen Etmade Automatic Equipment plans to acquire the remaining 40% stake in 60%-owned Shenzhen Yitian Semiconductor Equipment from minority shareholder Huang Zhaofeng for 1 yuan. The automatic machine manufacturer will also assume 3.6 million yuan in unpaid capital contributions tied to the equity, according to a Thursday filing with the Shenzhen bourse. Yitian Semiconductor Equipment incurred a 2024 net loss of 59.8 million yuan. The acquisition awaits shareholder approval. Shares of Etmade Automatic Equipment were down 1% in recent trade.
Shenzhen Etmade Automatic Equipment plans to acquire the remaining 40% stake in 60%-owned Shenzhen Yitian Semiconductor Equipment from minority shareholder Huang Zhaofeng for 1 yuan.
The automatic machine manufacturer will also assume 3.6 million yuan in unpaid capital contributions tied to the equity, according to a Thursday filing with the Shenzhen bourse.
Yitian Semiconductor Equipment incurred a 2024 net loss of 59.8 million yuan.
The acquisition awaits shareholder approval.
Shares of Etmade Automatic Equipment were down 1% in recent trade.
