---
title: "NEWLIFE plans to acquire 100% equity of JinNan Magnetic Materials and will resume trading on April 28"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/237708007.md"
description: "NEWLIFE announced that it plans to acquire 100% equity of Jinnan Magnetic Materials through the issuance of shares and cash payment, with an issuance price of RMB 33.98 per share. This transaction will issue shares to 35 specific investors, raising funds not exceeding 100% of the transaction price. Jinnan Magnetic Materials focuses on the research and production of permanent magnetic materials, and both parties can conduct in-depth cooperation in the field of permanent magnetic materials in the future. The company's stock will resume trading on April 28, 2025"
datetime: "2025-04-27T11:44:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/237708007.md)
  - [en](https://longbridge.com/en/news/237708007.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/237708007.md)
generator: "portal-rs"
---

# NEWLIFE plans to acquire 100% equity of JinNan Magnetic Materials and will resume trading on April 28

According to the Zhitong Finance APP, NEWLIFE (301323.SZ) announced that the company intends to acquire 100% equity of Jinnan Magnetic Materials held by Shengci Technology and Guangzhou Yishang through the issuance of shares and cash payment. The share issuance price for this asset purchase is set at 33.98 yuan per share.

In this transaction, the listed company plans to issue shares to 35 specific investors to raise supporting funds, with the total amount of supporting funds not exceeding 100% of the transaction price for the asset purchase through share issuance. The number of shares issued will not exceed 30% of the company's total share capital after the completion of the asset purchase.

The announcement shows that since its establishment, Jinnan Magnetic Materials has been committed to the research, production, and sales of permanent magnetic materials, soft magnetic materials and devices, and PM powder metallurgy devices. It has accumulated deep experience in the research of adhesive magnet formulas and processes, the development of soft magnetic powders, and the development of PM precision alloy devices, forming unique technological advantages. Although the adsorption functional materials engaged in by NEWLIFE and the motor magnetic strip products engaged in by Jinnan have significant differences in business positioning, technical expertise, and application scenarios, they both belong to the permanent magnetic materials industry from an industry perspective. In the future, they can leverage each other's technological strengths for in-depth research and development in permanent magnetic materials, potentially achieving industrial synergy and forming a competitive advantage of "civilian + industrial dual drive" to strengthen and expand their main business.

In addition, the company's stock will resume trading on April 28, 2025 (Monday) at market opening

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**