As Ingenic Semiconductor Co.Ltd(300223) ( Ingenic Semiconductor Co.Ltd(300223) ) is promising in the medium and long term, Will Semiconductor Co.Ltd.Shanghai(603501) ( Will Semiconductor Co.Ltd.Shanghai(603501) ) has won 4.96% of the shares of the target company by subscribing Ingenic Semiconductor Co.Ltd(300223) shares and increasing holdings since November 2021, close to the listing line. Now, Will Semiconductor Co.Ltd.Shanghai(603501) is going to do it again. On May 22, Will Semiconductor Co.Ltd.Shanghai(603501) announced that the wholly-owned enterprise of the company plans to increase its Ingenic Semiconductor Co.Ltd(300223) shares by no more than 4 billion yuan, and the cumulative number of Ingenic Semiconductor Co.Ltd(300223) shares held after the increase is no more than 50 million shares, no more than 10.38% of the total share capital. The reporter of Beijing business daily noted that since November 24, 2021, Ingenic Semiconductor Co.Ltd(300223) share price has fallen in a wave, which also makes Will Semiconductor Co.Ltd.Shanghai(603501) early holding in a state of floating loss. At present, the corresponding market value of holding is 2.029 billion yuan, while the early holding cost is about 2.068 billion yuan, with a floating loss of 39 million yuan. However, Ingenic Semiconductor Co.Ltd(300223) said that the increase in Ingenic Semiconductor Co.Ltd(300223) is the company’s medium and long-term strategic investment.
spend no more than 4 billion to buy Ingenic Semiconductor Co.Ltd(300223) shares
Will Semiconductor Co.Ltd.Shanghai(603501) has made another big move, spending no more than 4 billion yuan to increase its holdings of Ingenic Semiconductor Co.Ltd(300223) .
On May 22, Will Semiconductor Co.Ltd.Shanghai(603501) disclosed that Shaoxing Weihao enterprise management consulting partnership (limited partnership), a wholly-owned enterprise of the company, plans to increase Ingenic Semiconductor Co.Ltd(300223) shares by means of centralized bidding or block trading with a total of no more than 4 billion yuan, and the cumulative number of Ingenic Semiconductor Co.Ltd(300223) shares held after the increase is no more than 50 million shares, no more than 10.38% of Ingenic Semiconductor Co.Ltd(300223) total share capital.
For the above-mentioned sources of increased holding funds, Will Semiconductor Co.Ltd.Shanghai(603501) said that about 40% came from self owned funds and about 60% from bank loans and other financing methods permitted by laws and regulations, which did not involve the use of raised funds. It is calculated that about 1.6 billion yuan of the above-mentioned increase comes from Will Semiconductor Co.Ltd.Shanghai(603501) own funds.
By the end of the first quarter of this year, Will Semiconductor Co.Ltd.Shanghai(603501) account was well-off, and the monetary capital at the end of the period was about 6.016 billion yuan. However, Will Semiconductor Co.Ltd.Shanghai(603501) also said that this transaction may increase the company’s overall debt scale, increase the company’s financial expenses and have a certain impact on the company’s net profit.
Statistics show that Ingenic Semiconductor Co.Ltd(300223) is an integrated circuit design enterprise, mainly engaged in the R & D and sales of integrated circuit chip products. The main product lines include microprocessor chips, intelligent video chips, memory chips, analog and interconnect chips. The products are widely used in automotive electronics, industry and medical treatment, communication equipment, consumer electronics and other fields.
Will Semiconductor Co.Ltd.Shanghai(603501) semiconductor product design business is mainly composed of three business systems: image sensor solution, touch and display solution and simulation solution. As for the reasons for throwing out the shareholding increase plan, Will Semiconductor Co.Ltd.Shanghai(603501) said that considering the investment of semiconductor industry, it is optimistic about the market development prospects of Ingenic Semiconductor Co.Ltd(300223) storage chips, analog and interconnection chips and other main businesses in the medium and long term, and strengthen the strategic cooperation with Ingenic Semiconductor Co.Ltd(300223) in the main businesses.
In addition, Will Semiconductor Co.Ltd.Shanghai(603501) pointed out that the valid period of this transaction is 12 months from the date of deliberation and approval of the general meeting of shareholders, and this transaction is not for the purpose of controlling Ingenic Semiconductor Co.Ltd(300223) . In response to relevant questions, the reporter of Beijing Business Daily called Will Semiconductor Co.Ltd.Shanghai(603501) Secretary Office for an interview, but no one answered.
currently holding shares close to the placard line
The intersection of Will Semiconductor Co.Ltd.Shanghai(603501) and Ingenic Semiconductor Co.Ltd(300223) began in November 2021. Will Semiconductor Co.Ltd.Shanghai(603501) acquired 4.96% of the shares of Ingenic Semiconductor Co.Ltd(300223) by subscribing for Ingenic Semiconductor Co.Ltd(300223) to issue shares to specific objects and increasing its holdings, which was close to the placard line.
Specifically, on November 12, 2021, Ingenic Semiconductor Co.Ltd(300223) disclosed the listing announcement of issuing shares to specific objects and listing on the gem in 2021. After the completion of Ingenic Semiconductor Co.Ltd(300223) non-public offering, Will Semiconductor Co.Ltd.Shanghai(603501) was allocated Ingenic Semiconductor Co.Ltd(300223) 5.302 million shares at the issue price of 103.77 yuan / share, with a total equity subscription payment of 550 million yuan. The above shares were listed and circulated on May 16, 2022.
Later, from March 24 to May 19 this year, Will Semiconductor Co.Ltd.Shanghai(603501) purchased 3 Allwin Telecommunication Co.Ltd(002231) 8604900 shares through centralized bidding, and paid a total equity purchase price of 1.518 billion yuan.
As of May 20, 2022, Will Semiconductor Co.Ltd.Shanghai(603501) has held Ingenic Semiconductor Co.Ltd(300223) 23905100 shares in total, accounting for 4.96% of Ingenic Semiconductor Co.Ltd(300223) total share capital, and paid a total equity purchase price of 2.068 billion yuan.
Judging from the performance of Ingenic Semiconductor Co.Ltd(300223) share price, the company has ushered in a wave of decline since November 24, 2021. As of the closing on May 20, the latest share price of the company was 84.96 yuan / share, with a total market value of 40.91 billion yuan.
With the decline of Ingenic Semiconductor Co.Ltd(300223) share price, the shareholding of Will Semiconductor Co.Ltd.Shanghai(603501) in the early stage is also in a state of floating loss. According to the calculation of the reporter of Beijing business daily, as of the closing on May 20, the corresponding market value of Ingenic Semiconductor Co.Ltd(300223) shares held by Will Semiconductor Co.Ltd.Shanghai(603501) was 2.029 billion yuan, a floating loss of 39 million yuan compared with the initial cost of 2.068 billion yuan.
However, Will Semiconductor Co.Ltd.Shanghai(603501) said that the increase in Ingenic Semiconductor Co.Ltd(300223) is the company’s medium and long-term strategic investment. Du Meng, an independent economist and chairman of China enterprise capital alliance, told the Beijing Business Daily that from a business point of view, Ingenic Semiconductor Co.Ltd(300223) memory chip has a good customer base in the automotive market, Will Semiconductor Co.Ltd.Shanghai(603501) is the leader of global vehicle CIS. In the future, there will be great business strategic cooperation opportunities for the two companies, and the intersection of equity can also deeply bind the cooperative relationship between the two sides.
From the perspective of the current equity structure of Ingenic Semiconductor Co.Ltd(300223) , if the shareholding increase is completed, Will Semiconductor Co.Ltd.Shanghai(603501) is expected to become the fourth largest shareholder of Ingenic Semiconductor Co.Ltd(300223) alone. By the end of the first quarter of this year, Ingenic Semiconductor Co.Ltd(300223) the top three shareholders were Beijing Yitang Shengxin semiconductor industry investment center (limited partnership), Shanghai wuyuefeng integrated circuit equity investment partnership (limited partnership), Shanghai shuangchuang Investment Management Co., Ltd. – Shanghai jicen enterprise management center (limited partnership), with shareholding ratios of 12.57%, 12.57% and 11.18% respectively.
