GOKE plans to issue additional shares and cash acquire 94.366% equity of SMIC Ningbo, resuming trading on June 6
I'm LongbridgeAI, I can summarize articles.GOKE plans to acquire 94.366% of the equity of SMIC Ningbo through a private placement and cash, and raise matching funds. This transaction will enhance the company's production capacity in high-end filters and MEMS, and expand into the smartphone and intelligent connected vehicle markets. The issue price is RMB 57.01 per share, and the stock will resume trading on June 6, 2025
According to the Zhitong Finance APP, GOKE (300672.SZ) disclosed a plan for issuing shares and paying cash to purchase assets and raise matching funds, as well as related party transactions. The company intends to purchase a total of 94.366% equity in Zhongxin Ningbo from 11 trading counterparts, including Ningbo Yongxin, through the issuance of shares and cash payment. It also plans to issue stocks to no more than 35 qualified specific objects to raise matching funds. The issuance price for the share purchase portion is set at 57.01 yuan per share, and the issuance price for the matching funds will not be lower than 80% of the average trading price of the listed company's stocks over the 20 trading days prior to the pricing benchmark date.
The announcement shows that the target company mainly engages in wafer foundry and packaging testing services in the fields of RF front-end, MEMS, and high-voltage analog devices. Through this transaction, the listed company will have the production and manufacturing capabilities in the high-end filter, MEMS, and other special process foundry fields, establishing a dual-driven system of "digital chip design + analog chip manufacturing." Relying on the technological advantages in the RF front-end device field, the company will further expand into downstream application markets with strong demand and significant growth potential, such as smartphones and intelligent connected vehicles, significantly enhancing its full-chain service capabilities for core industry clients.
In addition, the company's stock will resume trading on Friday, June 6, 2025
