NN plans to issue shares and pay cash to acquire control of Jiahe Jingwei
I'm LongbridgeAI, I can summarize articles.NN plans to acquire a controlling stake in Shenzhen Jiahe Jingwei Electronic Technology Co., Ltd. through the issuance of shares and cash payments, and intends to raise supporting funds. This transaction is expected to constitute a major asset restructuring but will not result in a change of actual controller. As the transaction is still in the planning stage, the company's stock has been suspended from trading since October 9, 2025, with the suspension expected to last no more than 5 trading days
According to the Zhitong Finance APP, NN (605178.SH) announced that the company is planning to acquire the controlling stake of Shenzhen Jiahe Jingwei Electronics Technology Co., Ltd. (referred to as "Jiahe Jingwei" or "target company") through the issuance of shares and cash payment, while also planning to issue shares to raise matching funds. Preliminary calculations indicate that this transaction is expected to constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This transaction will not lead to a change in the actual controller of the company and does not constitute a restructuring listing.
Given that this transaction is still in the planning stage and there are uncertainties, in order to ensure fair information disclosure, protect the interests of investors, and avoid abnormal fluctuations in the company's stock price, according to the relevant regulations of the Shanghai Stock Exchange, upon the company's application, the company's stock has been suspended from trading since the market opened on October 9, 2025 (Thursday), and will continue to be suspended on October 10, 2025 (Friday), with the suspension expected to last no more than 5 trading days
