Century Wind Power to acquire Century Huaxin and rebrand as Century Energy Equipment

Century Wind Power announced on June 25 that its board approved a share-swap acquisition of 100% of Century Huaxin Wind Energy Co. and a proposed corporate name change to Century Energy Equipment Co., Ltd. The deal will see Century Wind Power issue new shares at an exchange ratio of 0.22 ordinary shares for each Century Huaxin ordinary share, with an expected issuance of 44,000 thousand new shares representing about 18.64% of post-issuance share capital.

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EU clears EUR76M in German aid for Munich quantum chip-testing plant

The European Commission has given the green light to a EUR76 million (approx. US$86.3 million) German subsidy supporting QuantumDiamonds’ plan to build a new semiconductor testing equipment facility in Munich, the Commission announced. The approval is the latest step in Brussels’ push to reduce Europe’s reliance on foreign chip technology and strengthen its industrial autonomy.

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