AXT Unit Tongmei Signs Agreements for Up to RMB 3.67B Investment
AXT said its subsidiary Tongmei signed definitive agreements for a private equity investment of at least RMB 1.91 billion and up to RMB 3.67 billion, subject to conditions, to expand indium phosphide capacity. Closing is expected in December 2026; AXT expects to own about 73.40% after the deal.
AXT said subsidiary Tongmei signed definitive agreements for a private equity investment of at least RMB 1.91B and up to RMB 3.67B, subject to conditions, to expand indium phosphide capacity. Closing is expected in Dec 2026; AXT expects to own ~73.40% post-deal.Material DetailsContext by AI Analyst…