On the evening of July 5, Wentai Technology Co., Ltd. (600745) announced that its wholly-owned subsidiary, Anshi Semiconductor, intends to acquire Newport Wafer Fab (NWF), a UK Wafer manufacturer.
On July 5, the company entered into an agreement to acquire NWF's parent company, Neptune 6 Limited (" Neptune "), and its shareholders, the statement said. Upon completion of the Transaction, Anse Semiconductor will hold 100% of Neptune's equity and, through Neptune, 100% of NWF's interest.
Announcement shows that the total assets of the target company at the end of the 2020 fiscal year are 447,70,600 pounds, the net assets are -5,177,300 pounds, the operating income in the 2020 fiscal year is 30.91,100 pounds, and the net profit is -18.61,100 pounds.
Wentai Technology said that according to the signed agreement and the relevant financial data of the target company, the transaction did not meet the transaction disclosure requirements stipulated in the Shanghai Stock Exchange Stock Listing Rules and relevant laws and regulations. The Company will strictly fulfill its obligation of information disclosure in accordance with relevant laws and regulations.
Wentai technology tips said that the transaction target company operating income, net profit, total assets accounted for the listed company related financial data proportion is small, there is no significant impact on the company's production and operation. In addition, the transaction does not need to be submitted to the board of directors of the listed company, the general meeting of shareholders for consideration. The relevant agreements involved in this transaction are still in the process of execution, the transfer of ownership has not been completed, and there are still uncertainties.
Notably, as early as July 2, foreign media reported that the UK's largest wafer manufacturer, NWF, was to be acquired by Chinese company NExperia for about 63 million pounds. NWF is one of the UK's few chipmakers, mainly making silicon chips for power applications in the automotive industry, and media reports say it is also developing more advanced "compound semiconductors".
