Sino-Microelectronics(SH:600360) Mei Ri Jing Ji Xin Wen·2025-06-26 13:04Core Viewpoint - The transfer of control of *ST Huamei (SH600360) to a state-owned enterprise, Jilin Yadong Investment Co., is a significant move to alleviate the company's delisting risk and promote the development of the semiconductor industry in Jilin Province [2][4][5]. Group 1: Company Overview - *ST Huamei, facing delisting risks, announced a share transfer agreement on June 25, where its controlling shareholder, Shanghai Pengsheng, will transfer 214 million shares (22.32% of total shares) to Jilin Yadong Investment [2][4]. - The transaction aims to resolve the financial issues caused by the non-operational fund occupation by Shanghai Pengsheng, which amounted to 1.491 billion yuan, leading to the company's delisting risk warning [5][6]. Group 2: Financial Implications - The proceeds from the share transfer will primarily be used to repay the occupied funds and interest totaling 1.556 billion yuan [4]. - The company has a deadline of approximately 40 days to complete the share transfer process and resolve the fund occupation issue to avoid delisting by August 12, 2025 [6]. Group 3: Strategic Importance - The acquisition by Jilin Yadong Investment, a state-owned entity, is seen as a crucial step for local government intervention in supporting the semiconductor sector, with *ST Huamei being a key player in Northeast China's semiconductor industry [5][7]. - The new controlling shareholder plans to leverage state resources to enhance the company's operational quality and market competitiveness, particularly in power semiconductor devices and new energy sectors [7].