---
title: "Wuhan Lincontrol plans to issue additional shares to acquire 98.426% of Aokex's shares, promoting the domestic substitution of EMS products, and will resume trading on February 6"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/227214879.md"
description: "Wuhan Lincontrol plans to acquire 98.426% of Jiangsu Aoyikes' shares through a private placement and cash payment, with an issuance price of 35.71 yuan per share. This transaction will promote synergies between both parties in market resources, technological innovation, and supply chain integration, enhancing competitive advantages and profitability. The company's stock will resume trading on February 6, 2025"
datetime: "2025-02-05T12:39:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/227214879.md)
  - [en](https://longbridge.com/en/news/227214879.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/227214879.md)
---

# Wuhan Lincontrol plans to issue additional shares to acquire 98.426% of Aokex's shares, promoting the domestic substitution of EMS products, and will resume trading on February 6

According to the Zhitong Finance APP, Wuhan Lincontrol (688667.SH) has released a plan for issuing shares and paying cash to purchase assets and conduct related transactions. Wuhan Lincontrol intends to purchase a total of 98.4260% of the shares of Jiangsu Aoyikes Automotive Electronics Technology Co., Ltd. (referred to as Aoyikes) from 27 trading parties including Beijing Lanzhiqiong through the issuance of shares and cash payment. The issuance price is 35.71 yuan per share.

Both the listed company and the target company are engaged in the automotive power electronic control system business, and there is synergy between the two parties in terms of market resources, product supply chain, and technological accumulation. Upon completion of this transaction, it will be beneficial for both parties to integrate market resources to form a combined force, enhance competitive advantages, consolidate and solidify industry positions, and promote the domestic substitution of EMS products; it will be beneficial for both parties to integrate R&D capabilities, enhance technological innovation capabilities, promote product innovation and upgrades, and improve product competitiveness; it will be beneficial for both parties to integrate supply chain systems, reduce procurement costs through centralized purchasing, and improve the profitability of the listed company.

After the company applied to the Shanghai Stock Exchange, the company's stock will resume trading starting from February 6, 2025 (Thursday)

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