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Awinic plans to buy a controlling stake in Yutai Semiconductor, possibly a major asset restructuring

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NetEase Finance
Awinic
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On the evening of 9 November Awinic said it is planning to buy all or part of Yutai Semiconductor's equity, a controlling stake, for shares and cash plus supporting funds. An intent agreement is signed and the deal may be a major restructuring. Trading halts from 10 November for up to 10 trading days. No price yet; Awinic's nine-month profit fell about 61%.

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