The Wall Street Journal reports Aixtron SE shares surged Monday after Chinese entrepreneur Zhendong Liu made a takeover offer for the German chip maker, valuing the company at 670 million euros ($751 million), the latest in a series of acquisitions fueled by China’s appetite for European expertise. China’s Fujian Grand Chip Investment Fund LP, 51%-owned by Zhendong Liu and 49%-owned by Xiamen Bohao Investment Ltd., offered 6 euros per Aixtron share, Aixtron said. The German unit conducting the takeover is called Grand Chip Investment GmbH. The deal comes on the heels of a bid by Chinese home appliance maker Midea Group last week for German robotics specialist KukaAG valued at over $5 billion.
China Economic Review