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YouYan Silicon Plans to Acquire Stakes in Two Semiconductor Material Firms, Board Approves Proposal
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On September 11, GRINM Semiconductor announced that its board of directors approved a preliminary transaction plan to acquire a combined 71.89% equity stake in Shandong GRINM Ace Semiconductor Materials Co., Ltd. through a mix of share issuance and cash payment. The company also plans to acquire a 14.98% equity stake in Shandong GRINM Semiconductor Materials Co., Ltd. solely through share issuance, while concurrently raising supporting funds. The board reviewed and approved the preliminary plan and its summary on September 11, 2026. As of the announcement date, audit and valuation work has not been completed, so no shareholders' meeting will be convened for the time being. The company's shares will resume trading at market open on September 14, 2026.
Source report
September 11, 2026 — GRINM Semiconductor announced today that it plans to acquire a combined 71.89% equity stake in Shandong GRINM Ace Semiconductor Materials Co., Ltd. through a combination of share issuance and cash payment. Additionally, the company intends to acquire a 14.98% equity stake in Shandong GRINM Semiconductor Materials Co., Ltd. through share issuance, while simultaneously raising supporting funds.
On September 11, 2026, the company’s board of directors approved the preliminary transaction plan and its summary.
As of the date of this announcement, the audit and valuation work has not yet been completed. Accordingly, no shareholders’ meeting will be convened for the time being.
The company’s shares will resume trading at market open on September 14, 2026.
Source
thsEastern