Chinese technology testing equipment manufacturer Wuhan Jingce Electronic Group Co., Ltd. announced Wednesday a major asset reorganization to acquire the remaining 41.17 percent stake in its subsidiary, Shanghai Jingce Semiconductor Technology Co., Ltd..
According to regulatory filings released on July 15, 2026, the Shenzhen-listed company plans to fund the acquisition through a combination of newly issued shares, convertible corporate bonds, and cash payments. Jingce Electronic also intends to raise matching funds to support the transaction.
The transaction is categorized as a related-party transaction and is expected to constitute a major asset reorganization, though it will not result in a backdoor listing. Following the disclosure of the pre-reorganization plan, trading of Jingce Electronic’s stock and convertible bonds is scheduled to resume on the morning of July 16, 2026.
The 41.17 percent stake will be purchased from 13 transaction counterparties. These sellers include individuals and major investment entities, such as Peng Qian, Wuhan Keyi, the National Integrated Circuit Industry Investment Fund Phase II, Shanghai Qingpu Investment, and Shanghai Semiconductor Industry Investment.
The board of directors of Jingce Electronic formally approved multiple proposals related to the acquisition and accompanying fundraising scheme during its sixteenth meeting on Wednesday.
Upon completion of the transaction, Shanghai Jingce will become a wholly-owned subsidiary of the parent company. Jingce Electronic stated that the acquisition is designed to improve the quality of the listed company’s assets, enhance business synergies, and sharpen its overall market competitiveness. The acquisition will allow the firm to further focus its business on the semiconductor sector while leaving its primary business scope unchanged.
