Paul Hastings and German law firm Glade Michel Wirtz are representing China’s Fujian Grand Chip Investment Fund on its offer to buy semiconductor manufacturer Aixtron for about 670 million euros ($752 million), with White & Case representing the target.

The transaction will be a voluntary public takeover offer made through Fujian Grand Chip’s indirect German subsidiary, Grand Chip Investment, for all outstanding ordinary shares of Aixtron.

Aixtron will continue to operate out of its German offices in Herzogenrath after the takeover. Fujian Grand Chip is 51 percent owned by entrepreneur Zhendong Liu, with the remaining stake held by Xiamen Bohao Investment Ltd.