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ACM Research Provides Updates on STAR Market IPO of ACM Research (Shanghai)
FREMONT, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) ACM Research, Inc. (“ACM”) (NASDAQ:ACMR), a leading supplier of wafer cleaning technologies for advanced semiconductor devices
, today provided updates on the status of the proposed initial public offering (“STAR Market IPO”) and listing of shares of ACM’s operating subsidiary ACM Research (Shanghai), Inc. (“ACM Shanghai”) on the STAR Market of the Shanghai Stock Exchange.
ACM announced that the Shanghai Securities and Exchange Commission (“SSEC”) has completed its review of the Verification Report of ACM’s self-inspection (“Verification Report”) as prepared by the lead underwriter of the STAR Market IPO. The Verification Report is a response to the allegations regarding ACM’s business and operations contained in a report issued on October 8, 2020 by J Capital Research USA LLC. The SSEC posted the Verification Report o ....

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