Axtron-KY's Subsidiary Axtron (Hong Kong) Announces Board Resolution to Sell All Equity of Shengfan (Suzhou) to Subsidiary Axtron (Zhongshan)
NQ Score
95/100
AI Summary (NQ-processed)
Axtron Technology (Hong Kong) Co., Ltd., a subsidiary of Axtron-KY, resolved to sell all its equity in Shengfan Semiconductor (Suzhou) Co., Ltd. to its direct wholly-owned subsidiary, Axtron Electronic Technology (Zhongshan) Co., Ltd., for a maximum price of RMB144,000 thousand. This transaction is part of an organizational restructuring for business development.
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Frequently Asked Questions
- Q: What is the name of the company sold by Axtron Technology (Hong Kong) Co., Ltd.?
- A: Shengfan Semiconductor (Suzhou) Co., Ltd.
- Q: What is the purpose of this transaction?
- A: It is an organizational restructuring for business development.