Fastprint buys remaining stake in Guangzhou Xingke Semiconductor

Shenzhen Fastprint Circuit Tech (SZSE:002436) announced it has acquired the remaining 24% equity stake in its subsidiary, Guangzhou Xingke Semiconductor Co., Ltd., from the National Integrated Circuit Industry Investment Fund Co., Ltd. The transaction, valued at CNY 31,998.7727 million, was conducted through the Shenzhen United Property Exchange. With this acquisition, Fastprint now holds full ownership of Guangzhou Xingke. The company stated the acquisition aligns with its strategic goals and will enhance its control over the subsidiary. Fastprint has already paid the transaction amount, and the transfer of equity is underway. The company plans to complete the registration process promptly.