BEIJING, Feb. 27 (Xinhua) -- Jiangsu Yoke Technology Co., Ltd. (002409.SZ) announced that its subsidiary signed an agreement on Tuesday with LG Chem, Ltd. to buy the latter's color photoresist assets for 58 billion won (about 334.54 million yuan).
The assets mainly include some production machinery and equipment, inventories, intangible assets related to the color photoresist business, and operating receivables.
Through the transaction, it can acquire the key technology of color photoresist, and reduce its dependence on foreign companies in production and operation, according to the company's filing to the stock exchange.
Jiangsu Yoke Technology mainly engaged in the research and development of electronic semiconductor materials, cryogenic composite materials and plastic additives materials. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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