sheng Co., Ltd.’s subsidiary acquired 195 million yuan of 20% equity in Fujian Jinggong”
September 4, 2026: Shenghong Co., Ltd.’s subsidiary plans to acquire 20.0002% of Fujian Jinggong’s shares for 195 million yuan; the transaction is pending completion.
On September 4, 2026, Zhongjing Xin, a wholly-owned subsidiary of Shenghong Co., Ltd., plans to acquire 20.0002% of the shares of Fujian Jinggong Semiconductor Co., Ltd., held by Rongjuidingxin, for 195 million yuan. Fujian Jinggong was established in 2015 and mainly engages in the research, development, and manufacturing of semiconductor-grade single-crystal silicon materials, as well as high-end materials such as ceramics, quartz, and metals. This acquisition aims to strengthen Shenghong Co., Ltd.’s vertical integration capabilities and capacity control in the field of key semiconductor materials, thereby enhancing supply chain stability and strategic synergy. The transaction price was negotiated based on an assessed value of 210 million yuan, and the required funds will be provided by Shenghong Co., Ltd. through capital increase. After the transaction is completed, Fujian Jinggong will become a wholly-owned subsidiary of Zhongjing Xin, but it still needs to undergo regular procedures such as industrial and commercial changes and submission for review by the shareholders’ meeting.
September 4, 2026: Shenghong Co., Ltd.’s subsidiary plans to acquire 20.0002% of Fujian Jinggong’s shares for 195 million yuan; the transaction is pending completion.
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2026-09-04
Shenghong Co., Ltd. plans to acquire Fujian Jinggong’s shares
Zhongjing Core plans to acquire 20.0002% of Fujian Jinggong Semiconductor Co., Ltd. held by Rongjudingxin for 195 million yuan; the transaction price will be determined through negotiation based on an evaluation value of 210 million yuan.
2026-09-07
Shenghong Co., Ltd.’s subsidiary plans to acquire Fujian Jinggong’s shares
Zhongjing Core plans to acquire 20.0002% of Fujian Jinggong Semiconductor held by Rongjudingxin for 195 million yuan; after the transaction is completed, Fujian Jinggong will become a wholly-owned subsidiary of Zhongjing Core.
Zhongjing Core, a wholly-owned subsidiary of Shenghuo Co., Ltd., plans to acquire 20.0002% of the shares of Fujian Jinggong Semiconductor Co., Ltd., held by Rongjudingxin, for 195 million yuan. After the acquisition, Fujian Jinggong will become a wholly-owned subsidiary of Zhongjing Core. Shenghuo Co., Ltd. states that this acquisition will enhance the company’s overall strategic synergy and resource integration capabilities, as well as improve management efficiency. Zhi Peiyuan, vice president of the Listed Companies Investment Committee of the China Investment Association, analyzes that after becoming a wholly-owned subsidiary, the decision-making process will be significantly shortened. Shenghuo Co., Ltd. can more flexibly coordinate group resources such as technology, production capacity, customers, and supply chains, deeply integrating core large-diameter silicon materials and silicon component technologies with Fujian Jinggong’s regional production capacity and supporting businesses, thereby strengthening the synergy of the industrial chain. However, Zhi Peiyuan also points out that this acquisition uses self-owned funds, which puts pressure on the company’s cash flow. If industry conditions fluctuate or the project return period lengthens, the risk of a tight capital chain cannot be ignored.
The transaction price was negotiated based on an assessment value of 210 million yuan, and the required funds will be provided by Shenghuo Co., Ltd. through capital increase. The transaction still needs to be submitted for review by the shareholders’ meeting. Fujian Jinggong was established in December 2015…
On September 4, 2026, Zhongjing Core, a wholly-owned subsidiary of Shenghong Co., Ltd., plans to acquire 20.0002% of the shares of Fujian Jinggong Semiconductor held by Rongjudingxin for 195 million yuan. Fujian Jinggong mainly engages in the research and development and manufacturing of semiconductor-grade single-crystal silicon materials, as well as high-end materials such as ceramics, quartz, and metals. This acquisition aims to strengthen Shenghong Co., Ltd.’s vertical integration capabilities and capacity control in the field of key semiconductor materials, thereby enhancing supply chain stability. After the transaction is completed, Fujian Jinggong will become a wholly-owned subsidiary of Zhongjing Core. Further routine procedures, such as industrial and commercial registration changes, are still required.