Lingnan Holdings: Planning to acquire 85% stake in Guangfu Group; trading of its shares remains suspended.
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Lingnan Holdings: Plans to acquire 85% stake in Guangdian City Services; stock resumes trading.
Mars Finance reported on July 7th that Lingnan Holdings announced its plan to acquire 85% of Guangdian Chengfu's shares from Shuke Group through a combination of share issuance and cash payment, and to raise supporting funds. The company's stock has been suspended from trading since June 24, 2026, and will resume trading on July 8th upon application. This transaction is subject to auditing and valuation, and requires approval from the board of directors, shareholders' meeting, state-owned assets supervision and administration departments, and the China Securities Regulatory Commission, and therefore involves uncertainties. (Company Announcement)
Estun: Stock trading is experiencing unusual fluctuations; it is planning to acquire equity in a subsidiary.
Mars Finance reported on July 7th that Estun announced that its stock price had deviated by more than 20% cumulatively over the past three trading days, constituting abnormal fluctuations. After verification, the company's production and operations are normal, and there is no undisclosed material information. Currently, the company is planning to acquire 100% equity of its investee company, Nanjing Estun Kuzhuo Technology Co., Ltd., through its wholly-owned subsidiary in a cash transaction. This transaction is still in the planning stage and is subject to uncertainty. (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.
Anbotong invests in a semiconductor equipment remanufacturing joint venture; its actual controller simultaneously acquires a controlling stake in lithography machine manufacturer ABM Asia.
According to Mars Finance, Anbotong (688168) recently announced its plan to invest 10.2 million yuan to establish a joint venture, "Botong Gangke," holding a 51% stake. The joint venture will primarily engage in the remanufacturing of mature process semiconductor equipment and related components. Notably, this investment is backed by a package of transactions—Anbotong's actual controller, Zhong Zhu, plans to acquire a 30% stake in the partner, Shenglin Gangke, and become a director. Upon completion of the transaction, he will indirectly hold a 24% stake in ABM Asia, a global manufacturer of lithography equipment. ABM has been deeply involved in the semiconductor lithography equipment field for over 20 years, possessing proprietary technologies for over 2,000 key components. It has delivered nearly 1,000 units to over 300 customers worldwide, and its lithography machine mass production project is scheduled to be located in Foshan, Guangdong in 2025. Anbotong also highlighted the risks associated with cross-industry integration in its announcement. (Cailian Press)
Advanced Silicon Technology: Acquires 60% Stake in Anhui Jinglong Semiconductor
Mars Finance reported on July 6th that GRINM Advanced Silicon Technology Co., Ltd. (688432.SH) announced that it has acquired a 60% stake in Anhui Jinglong Semiconductor Technology Co., Ltd. through a public bidding process, with a transaction amount of 451 million yuan. The company has paid a deposit of 135 million yuan and signed a "Property Transaction Contract" with the transferor. The remaining 315 million yuan has been paid. After the acquisition, Jinglong Semiconductor will become a controlling subsidiary of the company and will be included in its consolidated financial statements. (Company Announcement)
Ant Group completes strategic investment in Mint Health, holding over 28% stake and becoming its largest external shareholder.
According to Mars Finance, on July 8th, Ant Group and Mint Health jointly announced a major strategic investment partnership. Following the transaction, Ant Group becomes Mint Health's largest external shareholder, holding over 28% of the shares; Mint Health's founder and CEO, Ma Haihua, remains the company's largest shareholder. The two companies will collaborate to build professional-grade AI health services, focusing on core scenarios such as weight management. The first phase of features is currently available on the Ant Afu App.