Jita Semiconductor to merge with Advanced Semiconductor

Jita Semiconductor and Advanced Semiconductor announced a merger agreement on October 30, 2018, under which Jita will absorb Advanced Semiconductor by paying approximately RMB 2 billion to shareholders. Advanced Semiconductor will be delisted and dissolved.

“Advanced is currently in urgent need of new plant construction to ensure the company's competitive advantage in the market.”21ic.com

• 2 sources
• 21ic.com先进半导体和积塔半导体宣布合并 - 21ic电子网Oct 31, 2018
• m.chinaflashmarket.com每周新闻报：产业热点速读_产业资讯Nov 2, 2018

Summarized from public sources; check the original articles before acting on it.