BEIJING, March 2 (Xinhua) -- China's A-share listed Sichuan EM Technology Co., Ltd. (EM Technology, 601208.SH) planned to buy Chemax's 6,000 newly-issued shares with its own funds of 20 million yuan, the company announced on Tuesday.
EM Technology's move aims at further participating in the field of advanced photoresist materials and deepening the strategic cooperative relationship between the company and Chemax, a chemical material supplier based in the Republic of Korea (ROK), China Securities Journal reported.
EM Technology will hold 9.09 percent of Chemax's total share after the stake acquisition, at a price of 3333.33 yuan per share, according to the company announcement.
Chemax is a qualified supplier of ROK's semiconductor industry chain. It is a photoresist material R&D and production enterprise with profound technical precipitation and rich production control experience.
Sichuan EM Technology Co., Ltd. is a Chinese company principally engaged in the research, development, manufacture and sales of new insulating materials, functional polymer materials and fine chemical materials.
(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)
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