Jan 21, 2022 07:49 PM (GMT+8) · EqualOcean
The State Administration of Market Supervision announced that the anti-monopoly review of the case of universal wafer's acquisition of Shichuang shares was conditionally approved. Both parties to the transaction and the centralized entity are required to perform the following obligations: divest the zone melting wafer business of universal wafer, that is, the zone melting wafer business of topsil globalwafers A / S (topology company) in Denmark, including all tangible and intangible assets of the company; All agreements, leases, commitments and customer orders; All customers, credit and other records and all assets and personnel necessary to maintain the business operation and ensure the continuity and competitiveness of the business. The divestiture shall be completed within 6 months from the effective date of the review decision. If it cannot be completed at the expiration, the above time limit can be extended for 3 months with the approval of the State Administration of market supervision; If the divestiture cannot be completed within the above-mentioned time limit, the divestiture trustee shall be entrusted to find a suitable divestiture buyer and complete the divestiture in accordance with the Interim Provisions on the examination of business concentration. We will continue to supply all kinds of wafer products to customers in China in accordance with the principles of fairness, rationality and non discrimination. Under the same conditions, no differential treatment shall be given to customers in China on terms of price, quality, quantity, delivery date, after-sales service, etc.

This text is a result of machine translation.