China's Tecnon plans to acquire two semiconductor firms for $105m

China's Tecnon plans to acquire two semiconductor firms for $105m

Tecnon (Fujian) Commercial Lighting Co., Ltd

Chinese lighting manufacturer Tecnon (Fujian) Commercial Lighting Co Ltd plans to acquire all shares in two semiconductor companies, Upstar Technology and SCE, for about 750 million yuan ($105 million) in cash, per a recent filing with the Shenzhen Stock Exchange (SZSE).