Quzhou Development (600208.SH) plans to purchase 95.4559% of the shares of Xindao Electric Technology. Trading will resume tomorrow.

Zhitong Finance APP News, Quzhou Development (600208.SH) announced that the company plans to purchase 95.4559% of the equity of Adanced Microelettronica through the issuance of shares, from First Lead Rare Materials, Zhongjin First Lead, Shanghai Semiconductor and others, and raise supporting funds. The estimated value of 100% equity of the target company does not exceed 12 billion yuan. As of the signing date of the plan, the audit and evaluation work of the target assets of this transaction has not been completed, and the transaction price of the target assets has not been determined. The company's stock will resume trading from August 13, 2025.