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ESMT's board approved the merger of its wholly-owned subsidiary ELITE SEMICONDUCTOR MEMORY TECHNOLOGY INC. (PSI) with ELITE SILICON TECHNOLOGY INC. (EST), with EST being extinguished. PSI will pay cash consideration of NT$0.33 per EST share.
“Integrating the Group's resources.”esmt.com.tw
Summarized from public sources; check the original articles before acting on it.