Or am I reading the news incorrectly?
"SINGAPORE, Dec. 30, 2019 — Photonics integration technology company DenseLight Semiconductors Technology Co. Ltd. has become an independent organization following its divestment by POET Technologies Inc. for a total consideration of $26 million"
Full NR:
https://www.photonics.com/Articles/DenseLight_to_Expand_in_Singapore_and_China_After/a65415