Teo Wei: Planning to issue shares to purchase assets, stock trading halted then resumed.

date
20/11/2025
Empire Micro announced that the company plans to issue shares and pay cash to purchase 100% equity of Rongpai Semiconductor, as well as raise matching funds. It is expected that this will not constitute a major asset restructuring, related party transaction, or restructuring for listing, and the controlling shareholder will remain unchanged. The company's stock will be suspended from trading from September 29, 2025, for a maximum of 10 trading days. On October 20, 2025, the board of directors approved the relevant resolution, and the stock will resume trading from October 21, 2025. Currently, the work of transaction auditing, evaluation, etc. is progressing in an orderly manner, and the transaction will be implemented only after meeting multiple conditions.