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Naura receives approval for Xinyuan Microelectronics stake acquisition

April 21, 2025 at 05:32 PM UTCBy FilingReader AI

Naura Technology Group (SZSE:002371) announced it has received approval from the Beijing State-owned Assets Supervision and Administration Commission regarding the acquisition of shares in Shenyang Xinyuan Microelectronics Equipment Co., Ltd. The approval covers both the acquisition of shares held by Shenyang Advanced Manufacturing Technology Industry Co., Ltd. (19,064,915 shares) and Shenyang CAS-TianSheng Automation Technology Co., Ltd (16,899,750 shares). While key approvals are now in place, the transactions are still contingent on regulatory compliance checks by the Shanghai Stock Exchange and registration procedures with the China Securities Depository and Clearing Corporation Limited Shanghai Branch. Further, the acquisition of shares from CAS-TianSheng remains subject to approval from anti-trust authorities. Naura plans to gain control of Xinyuan Microelectronics through these acquisitions and subsequent board restructuring. The company cautions investors about potential uncertainties and risks associated with the deal.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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