The company has purchased partial control of a fellow manufacturer.
Chinese toner manufacturer Hubei Dinglong Co. Ltd. has acquired a 22.8 percent stake in semiconductor materials, integrated circuits and LED manufacturer Chengdu Times Lifu Technology Co., Ltd.
The acquisition of the stake from Chengdu Times Lifu’s parent company, TDG Holding Co. Ltd., an electronic materials and components manufacturer also based in China, will cost Hubei Dinglong ¥22.4 million ($3.5 million/€2.8 million).
TDG Holding is therefore left with a stake of 10.74 percent in Chengdu Times Lifu, rather than 33.56 percent.
