Shenzhen-listed Xintai Electric Co., Ltd (300372.SZ) announced on Friday noon that it had purchased 10.09 percent equities of American company Coherix Inc. and become the largest shareholder.
According to a company filing, it signed an agreement with Coherix Inc. and its major shareholders on spending 4 million US dollars on buying shares and 4 million US dollars on buying convertible bonds. Coherix Inc. develops and manufactures high speed, high definition 3D machine vision products used to help customers manage precision manufacturing processes.
Its products are designed for error-proofing in automotive, semiconductor and electronics industries.
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