Galaxy Microelectronics: Plans to acquire 100% equity of power semiconductor company Hengtai Ke, stock suspended
Galaxy Microelectronics is planning to acquire 100% of the equity in Hengtai Ke Semiconductor through a share issuance. This move is expected to constitute a related party transaction but not a major asset restructuring. The company's stock and convertible bonds have been suspended from trading since June 12, 2026, for a period not exceeding ten trading days. AI
IMPACT This acquisition could impact the supply chain for semiconductor components, potentially affecting AI hardware development.