---
title: "GKCT terminates the planning of major asset restructuring and changes to strategic investment matters"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238930462.md"
description: "GKCT announced the termination of its plan for a major asset restructuring and will instead pursue strategic investments. The company originally planned to acquire a portion of the equity of Shenzhen Xinchips Technology Co., Ltd. in cash, increasing its shareholding to 51%. After discussions, it was determined that the conditions for implementing the restructuring were not mature in the short term. The company decided to acquire 35% of Xinchips' shares, ultimately holding 37.77% of the shares, with an investment amount of 135 million yuan, based on Xinchips' assessed value of 385 million yuan. This investment does not constitute a major asset restructuring"
datetime: "2025-05-06T13:09:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238930462.md)
  - [en](https://longbridge.com/en/news/238930462.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238930462.md)
---

# GKCT terminates the planning of major asset restructuring and changes to strategic investment matters

According to the Zhitong Finance APP, GKCT (688653.SH) announced that the company previously disclosed its intention to acquire a portion of the equity in Shenzhen Xinchongxin Technology Co., Ltd. (hereinafter referred to as "the target company" or "Xinchongxin") in cash, raising its shareholding ratio to 51%. After active consultations, serious discussions, and communications with all parties related to the major asset restructuring, the company and the relevant parties believe that the conditions for implementing the major asset restructuring are not yet mature in the short term. At the same time, given that the company still believes through due diligence that Xinchongxin has a high level of technical reserves and rich customer resources in the intelligent control directions of Wi-Fi, audio DSP, Bluetooth, and AIoT technologies, there is a strong synergy effect for the company to develop and expand the smart home, smart city, and AIoT markets. The company ultimately decided to terminate this major asset restructuring and has formulated a new strategic investment plan to acquire 35.00% of Xinchongxin's shares, resulting in a total holding of 37.77% of its shares. The investment plan has been approved by the first meeting of the Strategic Committee of the Second Board of Directors and the sixth meeting of the Second Board of Directors. This investment does not constitute a related party transaction and does not constitute a major asset restructuring. The investment amount is RMB 135 million, based on the assessed value of all shareholders' equity of Shenzhen Xinchongxin Technology Co., Ltd. at RMB 385 million

### Related Stocks

- [688653.CN](https://longbridge.com/en/quote/688653.CN.md)

## Related News & Research

- [11:05 ETThe Church of Jesus Christ of Latter-day Saints Commits $25 Million to the UNICEF-led Child Nutrition Fund](https://longbridge.com/en/news/287088476.md)
- [Dunkin' To Give Away 1 Mln Free Coffees For A Day](https://longbridge.com/en/news/286964019.md)
- [Zunder launches charging infrastructure software Kawat for third parties](https://longbridge.com/en/news/287080731.md)
- [Energo-Pro upgrades 280 MW hydropower plant in Turkey with PV park](https://longbridge.com/en/news/287108366.md)
- [ZAWYA: NMDC Dredging & Marine inaugurates the region’s first commercial hydraulic modelling facility to bring advanced marine testing in-country](https://longbridge.com/en/news/287083467.md)