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Grinm Semiconductor Materials Co Ltd completes acquisition of equity shares

Tuesday, 7 Jan 2014 07:00pm EST 

Grinm Semiconductor Materials Co Ltd:Says completed the acquisition of an 85 pct stake in Grirem Advanced Materials Co., Ltd., 95.65 pct stake in a precious metal material company and 96.47 pct stake in a photovoltaic material company, as well as part of equipments from General Research Institute for Nonferrous Metals.Says the transaction price is 1,244,766,600 yuan in total.Says the company now holds an 85 pct stake in Grirem Advanced Materials and 100 pct stake in the other two companies.