①According to incomplete statistics, a total of 14 A-share listed companies disclosed the progress of their mergers and acquisitions this week (see appfinishix); ②By the close of trading on Friday, Jiangwu Equipment, which plans to acquire tungsten and tantalum assets through a private placement, achieved five limit-ups in seven days.
Cailian Press reported on February 28th (edited by Pingfang) that merger and acquisition activities in the A-share market remained active. By the close of trading on Friday, Jiangwu Equipment, which plans to raise no more than 1.882 billion yuan through a private placement for acquiring tungsten and tantalum assets, achieved five limit-ups in seven days.
According to incomplete statistics from Cailian Press, as of press time, a total of 14 A-share listed companies disclosed the progress of their mergers and acquisitions this week, including Zhongying Technology, Shenma Co., Huashengchang, Guoci Materials, Hailiang Data, Aucma, SDIC Zhonglu, Bortley, Aibomed, Zhiyang Innovation, Changxin Bochuang, Shenlian Bio, Dongyangguang, and Tongwei Co., Ltd., with specific details revealn in the figure below:
Among them, Zhongying Technology, a well-known domestic producer of high-frequency communication materials, announced on Friday that it is planning to purchase no less than 51% of the shares of Yingzhong Electric Co., Ltd. in Changzhou through cash payment and obtain controlling interest. After the completion of the transaction, Yingzhong Electric will become a controlled subsidiary of the company. This transaction is expected to constitute a major asset restructuring. The company’s stock will not be suspfinished and progress will be disclosed in stages. The tarreceive company is a professional supplier of insulating fiber materials and their molded products, and after years of industest cultivation, its products have covered all voltage levels of power transmission and transformation equipment, including medium-low voltage, high voltage, ultra-high voltage, and UHV AC/DC electricity.
Huashengchang, a national high-tech enterprise specializing in the research, production, and sales of various measuring instruments, announced on Friday that it plans to acquire 100% of the equity of Shenzhen Galante Technology Co., Ltd. through cash payment, with an overall valuation temporarily set at 460 million yuan. At the same time, the company’s controlling shareholder Yuan Jianmin intfinishs to transfer 5% of the company’s shares to Yu Xinwen, the founding shareholder of Galante, through an agreement. The implementation of the share transfer is contingent upon the completion of the acquisition of the tarreceive company. Galante focutilizes on optical communication modules and optical chip testing within the instrumentation and measurement industest, and this equity acquisition represents a horizontal extension of the company’s industrial layout.
Changxin Bochuang, which specializes in the research, production, and sales of integrated optoelectronic devices in the field of optical communications, announced on Tuesday that it plans to acquire 93.8108% of the equity of Shanghai Honghui Guanglian Communication Technology Co., Ltd. The tentative intention price for the tarreceive equity transfer is 375 million yuan. The main business of the tarreceive company includes the sales of optical communication equipment. This acquisition represents a strategic shift upstream in the optical communication industest chain. The company aims to expand its product offerings into upstream optical components, enhance profitability and sustainable operating capabilities, and further leverage synergistic effects through this acquisition.
Dongyangguang, which owns a complete chlorofluorocarbon chemical industest chain, announced on Tuesday that it is planning to acquire control of Yichang Dongshu No.1 Investment Co., Ltd. (referred to as “Dongshu No.1”) through issuing shares, along with raising additional funds. This transaction is expected to constitute a significant asset restructuring and also constitutes a related-party transaction. The company’s stock has been suspfinished since market opening on February 24th and will remain suspfinished starting from February 25th. Dongshu No.1 was established as a vehicle to acquire Qinhuai Data, with full ownership of Qinhuai Data’s operating entity through its wholly owned subsidiary, Yichang Dongshu No.3 Investment Co., Ltd. Public data indicates that Qinhuai Data is a computing power supplier for ByteDance.
Tongwei Co., Ltd., a global leader in high-purity crystalline silicon, announced on Tuesday that it is planning to acquire 100% of the equity of Qinghai Lihao Qingneng Co., Ltd. through issuing shares and paying cash, while raising additional funds. The company’s stock, convertible bonds, and converted shares have been suspfinished starting February 25th, with an expected suspension period of no more than 10 trading days. Data reveals that Lihao Qingneng mainly engages in the technology research, production, and sales of photovoltaic-grade high-purity crystalline silicon, electronic-grade polysilicon, and other semiconductor materials.
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