Goke Microelectronics progresses with asset acquisition plan

Hunan Goke Microelectronics announced updates on its plan to acquire 94.366% equity of Zhongxin Integrated Circuit (Ningbo) from 11 counterparties, including Ningbo Yongxin Integrated Circuit Equity Investment. The acquisition will be executed through a combination of share issuance and cash payments, alongside a proposed private placement of shares to raise supporting funds from no more than 35 specific qualified investors. The transaction is classified as a related party transaction and a significant asset restructuring. As of the announcement date, audit, valuation, and due diligence work related to the transaction is underway.