Hanbo High-Tech: Hanbo High-Tech plans to acquire 70% of the equity of the SPV established by Chip East and Hong Kong East at a transfer price of $142 million.

Hanbo Gaoxin announced that its joint venture company Hefei Xindongjin New Materials Technology Co., Ltd. intends to acquire 70% equity of a special purpose company jointly established by Dongjin Semichem Co., Ltd. and its wholly-owned subsidiary Dongjin Global Holdings Limited. Xindongjin will contribute the 100% equity of 9 domestic target companies and the 100% ownership of 24 patents held by Dongjin Semichem Co., Ltd. in China, either in full or in part, to establish the target company. The target equity transfer price for Xindongjin to acquire 70% stake in the target company is $142 million.