NSIG(SH:688126) Zheng Quan Zhi Xing·2025-05-20 11:24Core Viewpoint - Shanghai Silicon Industry Group Co., Ltd. plans to acquire minority stakes in three semiconductor companies through a combination of issuing shares and cash payments, which aligns with the regulations of the Shanghai Stock Exchange's Sci-Tech Innovation Board [1][4] Group 1: Compliance with Regulations - The transaction complies with the Shanghai Stock Exchange's Sci-Tech Innovation Board listing rules, specifically Article 11.2, and the continuous supervision measures for listed companies [1][4] - The acquisition is in line with the major asset restructuring review rules of the Shanghai Stock Exchange [1][4] Group 2: Target Companies' Industry Alignment - The target companies, Xinsheng Jingtou and Xinsheng Jingke, primarily engage in the 300mm semiconductor wafer business, producing products such as 300mm semiconductor polished wafers and epitaxial wafers [2] - The target companies fall under the category of "Manufacturing of Electronic Components and Electronic Special Materials" as per the National Economic Industry Classification [2] Group 3: Synergy with Main Business - The main business of the target companies is the same as that of the listed company, focusing on semiconductor wafer production, which creates a synergy [3] - The acquisition will enhance the listed company's production scale and technical capabilities in 300mm semiconductor wafers, improving market share and competitiveness [3] - Post-transaction, the target companies will become wholly-owned subsidiaries, facilitating deeper integration in decision-making, internal management, and capital management [3]