---
title: "PhiChem's subsidiary plans to acquire 100% equity of JNC Suzhou and all patents related to display liquid crystals owned by the JNC Group"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242186869.md"
description: "PhiChem's wholly-owned subsidiary Jiangsu Hecheng Display Technology Co., Ltd. plans to purchase 100% equity of JNC Suzhou for 170 million yuan and acquire all display-related patents from JNC Group for 212 million yuan. JNC will subscribe to Hecheng Display's increased registered capital for 170 million yuan, obtaining a 5.10% equity stake. This transaction aims to optimize the industrial structure, strengthen resource integration, consolidate the company's core competitiveness, align with long-term development plans, and will not have a significant adverse impact on the company's operating results and financial condition"
datetime: "2025-05-28T11:11:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/242186869.md)
  - [en](https://longbridge.com/en/news/242186869.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242186869.md)
---

# PhiChem's subsidiary plans to acquire 100% equity of JNC Suzhou and all patents related to display liquid crystals owned by the JNC Group

According to the Zhitong Finance APP, PhiChem (300398.SZ) announced that its wholly-owned subsidiary Jiangsu Hecheng Display Technology Co., Ltd. ("Hecheng Display") intends to purchase 100% equity of Jienzhih Liquid Crystal Materials (Suzhou) Co., Ltd. ("JNCLC") and Jienzhih New Materials Technology (Suzhou) Co., Ltd. ("JNCNM"), held by JNC Corporation's wholly-owned subsidiary JNC Petrochemical Co., Ltd. ("JNCP") for RMB 170 million (including tax). Hecheng Display also plans to purchase all patents related to display liquid crystals from the JNC Group for RMB 212 million (including tax). At the same time, JNC will contribute RMB 170 million (including tax) in cash to subscribe for the newly registered capital of Hecheng Display, acquiring a 5.10% equity stake in Hecheng Display, while the company waives its preferential subscription rights for this capital increase.

After the completion of this transaction, Hecheng Display will change from a wholly-owned subsidiary to a holding subsidiary, holding 100% equity of JNC Suzhou, which will be included in the company's consolidated financial statements.

The purpose of this subsidiary asset acquisition and capital increase is to optimize the industrial structure, strengthen resource integration, focus on the liquid crystal business field, and further consolidate and enhance the company's core competitiveness, which aligns with the company's long-term development plan and the interests of all shareholders. This transaction will not have a significant adverse impact on the company's operating results and financial status, and there is no situation that harms the interests of the company and all shareholders, especially minority shareholders

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