Another A-share company increased its holdings and acquired another A-share On the 22nd of Will Semiconductor Co.Ltd.Shanghai(603501) , the wholly-owned enterprise Shaoxing Weihao plans to increase its Ingenic Semiconductor Co.Ltd(300223) shares by no more than 4 billion yuan through centralized bidding or block trading, and after the increase, it holds no more than 50 million Ingenic Semiconductor Co.Ltd(300223) shares, no more than 10.38% of its total share capital.
Will Semiconductor Co.Ltd.Shanghai(603501) said that the capital source of this transaction is about 40% of its own funds and about 60% of the funds raised by bank loans and other financing methods allowed by laws and regulations, which does not involve the use of raised funds.
The reporter noted that Will Semiconductor Co.Ltd.Shanghai(603501) and Ingenic Semiconductor Co.Ltd(300223) had long cooperated. In 2020, the two sides jointly established Shanghai Xinkai integrated circuit Co., Ltd.
It is worth mentioning that Shaoxing Weihao, a wholly-owned enterprise of Will Semiconductor Co.Ltd.Shanghai(603501) also participated in the subscription of 5.3 million shares of Ingenic Semiconductor Co.Ltd(300223) fixed additional shares with its own capital of 550 million yuan, which was listed and circulated on May 16.
In addition, from March 24 to May 19, Will Semiconductor Co.Ltd.Shanghai(603501) has accumulatively increased its holdings of 3 Allwin Telecommunication Co.Ltd(002231) 8604900 shares, involving an amount of 1.518 billion yuan. As of May 20, Will Semiconductor Co.Ltd.Shanghai(603501) has held 3 Qiming Information Technology Co.Ltd(002232) 3905100 shares in total, accounting for 4.96% of the total share capital, and paid 2.068 billion yuan for equity acquisition in total.
Will Semiconductor Co.Ltd.Shanghai(603501) said that the memory chip of Ingenic Semiconductor Co.Ltd(300223) has a good customer base in the automotive market, and the company is the leader of global vehicle CIS. In the future, the company will have great business strategic cooperation opportunities with Ingenic Semiconductor Co.Ltd(300223) in the future. This transaction is based on the perspective of investment in semiconductor industry. We are optimistic about the market development prospects of Ingenic Semiconductor Co.Ltd(300223) memory chips, analog and interconnect 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.
The company also said that the valid period of this transaction is 12 months from the date of deliberation and approval of the general meeting of shareholders. This transaction is not for the purpose of controlling Ingenic Semiconductor Co.Ltd(300223) and there is a risk that the project cooperation will not be promoted as expected in the future.
Statistics show that Will Semiconductor Co.Ltd.Shanghai(603501) is mainly engaged in the R & D and design of semiconductor products such as semiconductor discrete devices and power management IC, as well as the distribution of semiconductor products such as passive parts (including resistance, capacitance and inductance), structural devices and discrete device IC, Ingenic Semiconductor Co.Ltd(300223) is mainly engaged in the R & D and sales of integrated circuit chip products, and the main product lines include microprocessor chip, intelligent video chip, memory chip Analog and interconnect chips, etc.
It is worth noting that since this year, there have been frequent cases of listed companies increasing their holdings and acquiring another listed company. Since May, China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , Zijin Mining Group Company Limited(601899) , Topchoice Medical Co.Inc(600763) and Topchoice Medical Co.Inc(600763) 3 listed companies have announced the acquisition of related listed company targets.
Industry insiders believe that the increase of shareholding and acquisition equity among listed companies will help listed companies realize complementary advantages and organic combination of industrial resources, give play to synergy and improve the overall prosperity of the industry.
