Riyue Technology Says QES Group Stake Deal Would Not Materially Affect Results

Riyue Technology issued a clarification and risk reminder after media reports said its wholly owned subsidiary plans to invest RMB 73.2885 million of its own funds to subscribe to a private placement for a 10% stake in Malaysia-listed QES Group Berhad, according to Jiemian News. The company said the transaction would be a minority equity investment and, after completion, it would hold 9.1% of QES Group, which would not constitute control and would not have a material impact on Riyue Technology’s operating results. The report described QES Group as a Main Market-listed company on Bursa Malaysia that manufactures and sells semiconductor and wafer inspection, testing, measurement, analysis and automation equipment and provides related solutions, with products including optical inspection systems, automated handling systems and advanced metrology systems.