---
title: "ST JSMC: The actual controller will change to the Jilin Provincial State-owned Assets Supervision and Administration Commission, and trading will resume on June 26"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/246051664.md"
description: "ST JSMC announced that its controlling shareholder Shanghai Pengsheng Technology will transfer 22.32% of its shares to Jilin Province Yadong State-owned Capital Investment Co., Ltd., and the actual controller will change to the Jilin Provincial State-owned Assets Supervision and Administration Commission. This transaction aims to promote the development of the semiconductor industry in Jilin Province and repay the occupied funds of the listed company. The company's stock will resume trading on June 26, 2025"
datetime: "2025-06-25T09:35:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/246051664.md)
  - [en](https://longbridge.com/en/news/246051664.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/246051664.md)
---

# ST JSMC: The actual controller will change to the Jilin Provincial State-owned Assets Supervision and Administration Commission, and trading will resume on June 26

Zhitong Finance APP news, \*ST JSMC (600360.SH) announced that on June 25, 2025, the company's controlling shareholder Shanghai Pengsheng Technology Industry Co., Ltd. (referred to as "Shanghai Pengsheng") signed a "Share Transfer Agreement" with Jilin Province Yadong State-owned Capital Investment Co., Ltd. (referred to as "Yadong Investment"), the company, and its wholly-owned subsidiary Jilin Maijike Semiconductor Co., Ltd. (referred to as "Maijike"). Shanghai Pengsheng intends to transfer its 214 million shares of the company (accounting for 22.32% of the company's total share capital) to Yadong Investment (referred to as "this transaction"). The transfer price will be prioritized for repaying the balance of funds occupied by Shanghai Pengsheng and its related parties (after deducting the dividend payments for 2023 and 2024) and interest totaling 1.556 billion yuan, and the relevant funds will be directly paid to the company's designated collection account. The company's stock will resume trading on June 26, 2025 (Thursday) at the market opening.

This transaction does not trigger a tender offer. After the completion of this transaction, the company's controlling shareholder will change to Yadong Investment, and the actual controller will change to the State-owned Assets Supervision and Administration Commission of Jilin Province (referred to as "Jilin SASAC").

This transaction is aimed at helping the listed company relieve its difficulties, promoting the high-quality development of Jilin Province's semiconductor industry, and expanding the investment layout of state-owned capital in strategic emerging industries; through this transaction, the funds obtained from the transfer of control by Shanghai Pengsheng can be used to repay the occupied funds and interest owed to the listed company

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