=-0Great Wall Motor's (SHA:601633, HKG:2333) unit Nobo Technology agreed to acquire 80% equity interest in Wuxi Xindong Semiconductor Technology from Wensheng Technology for nearly 3.8 million yuan, a Feb. 21 filing with the Hong Kong bourse stated.
Following completion, Nobo Technology will hold 80% equity interest in Wuxi Xindong, with automaker Great Wall Motor will own 20%.
Wuxi Xindong Semiconductor Technology engages mainly in the manufacture and sale of electrical components among other business activities.
The stake purchase will allow the firm to vertically integrate its industries and boost production and operational efficiency.
Shares of the form were up over 2% in recent trade.
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