Guoxin Energy: Subsidiary plans to acquire assets from related party
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Anhui Conch Cement: Plans to acquire cement assets from Anhui Vinylon High-Tech and Mengwei Technology, with a total transaction price not exceeding RMB 691 million.
Mars Finance reported on July 2nd that Conch Cement announced that its wholly-owned subsidiaries, Hefei Conch and Wanwei High-Tech, and Ulanqab Conch and Mengwei Technology respectively, have signed asset transfer agreements to acquire their cement product production and sales assets for a total consideration of RMB 619 million (not exceeding RMB 691 million). This acquisition constitutes a related-party transaction and aims to resolve potential competition issues and improve the company's market layout for its main business. (Company Announcement)
Jingce Electronics: Plans to acquire a portion of the equity of Shanghai Jingce and raise supporting funds; stock trading suspended.
According to Mars Finance, Jingce Electronics announced that it is planning to acquire a portion of the equity of its holding subsidiary, Shanghai Jingce Semiconductor Technology Co., Ltd., through a combination of share issuance, convertible bonds, and cash payment, and to raise supporting funds. This is expected to constitute a major asset restructuring and related-party transaction. Due to the uncertainty of the matter, the company's stock and convertible bonds (Jingce Convertible Bond 2) will be suspended from trading on July 9, 2026. The transaction plan is expected to be disclosed within 10 trading days.
Yitian Intelligent: Subsidiary plans to purchase servers and related equipment for no more than 550 million yuan, mainly for providing computing power services to customers.
According to Mars Finance, Yitian Intelligent (300911.SZ) announced that its wholly-owned subsidiary, Gansu Yisuan Intelligent Technology Co., Ltd., plans to purchase servers and supporting equipment from multiple suppliers. The total contract amount is expected to not exceed 550 million yuan, mainly for providing computing power services to customers. (Cailian Press)
Rainbow Optoelectronics: Plans to acquire a 33.42% stake in its subsidiary, Hongyang Display, for 1.916 billion yuan.
According to Mars Finance, Rainbow Optoelectronics announced that it will acquire 33.42% of the equity of its subsidiary, Hongyang Display (Xianyang) Technology Co., Ltd. (hereinafter referred to as "Hongyang Display"), from minority shareholders for RMB 1.916 billion using its own funds. After the acquisition, Rainbow Optoelectronics' shareholding in Hongyang Display will increase from 62.4% to 95.82%.
Linkage Technology plans to acquire 100% equity of Northstar Technologies for US$10 million.
According to Odaily Odaily, Linkage Technology announced that it plans to acquire 100% equity of Northstar Technologies Limited from Renaissance Maverick Corp. through Hong Kong Linkage Technology Industrial Co., Ltd., for a cash consideration of US$10 million. This acquisition will promote the localization of key technologies and related products for storage testing equipment in China, fill the company's business gaps and industry application experience in this field, and improve the industry chain.
Shenling Environment: Plans to acquire 100% equity of Tianjin HVAC for 7.1805 million yuan
Mars Finance News, July 8th - Shenling Environment announced that it will acquire 100% equity of Tianjin Shenling HVAC Equipment Co., Ltd. (hereinafter referred to as "Tianjin HVAC"), a wholly-owned subsidiary of its wholly-owned subsidiary Guangdong Shenling Commercial Air Conditioning Equipment Co., Ltd. (hereinafter referred to as "Shenning Commercial"), using its own funds. The acquisition price is RMB 7,180,546.68, the net asset value of Tianjin HVAC as of December 31, 2025, as confirmed in the asset appraisal report. After the completion of this equity acquisition, the company will directly hold 100% equity of Tianjin HVAC, and Tianjin HVAC will change from a wholly-owned subsidiary to a wholly-owned subsidiary of the company. (Company Announcement)