-- Andon Health (SHE:002432), through subsidiary Andon Hong Kong, will own 0.92% of XG Technologies Holding through an asset unit, according to a Shenzhen bourse filing on Tuesday.
The acquisition is part of Andon HK's subscription of stake in Huangpu River Capital SPC XG Asset Unit.
XG Tech develops intelligent cockpits and integrated driving chips for smart vehicles.
The Chinese medical devices company's shares slumped 9% at the close.