---
title: "GKCT: Plans to acquire 35.00% of Shenzhen Xinchongxin Technology Co., Ltd. for 135 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238901613.md"
description: "GKCT has decided to acquire 35% of the shares of Shenzhen Xinchongxin Technology Co., Ltd. for 135 million yuan, increasing its shareholding ratio to 37.77%. This investment does not constitute a major asset restructuring and is not considered a related party transaction. The company will account for the equity as a long-term investment in accordance with Accounting Standard for Business Enterprises No. 2, and will subsequently use the equity method for accounting. This change will not adversely affect the company's business or financial condition, nor will it harm the interests of minority shareholders"
datetime: "2025-05-06T11:28:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238901613.md)
  - [en](https://longbridge.com/en/news/238901613.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238901613.md)
---

# GKCT: Plans to acquire 35.00% of Shenzhen Xinchongxin Technology Co., Ltd. for 135 million yuan

GKCT announced that the company has decided to terminate the cash acquisition of a partial equity stake in Shenzhen Xinchips Technology Co., Ltd., which aimed to increase its shareholding ratio to 51%, and instead change it to a strategic investment plan. According to the new plan, the company will acquire 35.00% of Xinchips for 135 million yuan, resulting in a total holding of 37.77% of its shares. This investment does not constitute a related party transaction and does not constitute a major asset restructuring. After the investment is completed, the company will account for its equity in Xinchips in accordance with "Accounting Standard for Enterprises No. 2 - Long-term Equity Investments," classifying the accounting subject as long-term equity investments, with subsequent measurement using the equity method. The termination of the major asset restructuring plan and its change to a strategic investment will not adversely affect the company's business operations, production activities, or financial condition, nor will it harm the interests of the company and its shareholders, especially minority shareholders

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