Nexchip Semiconductor to Boost Stake in Anhui Jingmei to 32.1599% in 908 Million Yuan Capital Increase

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Summary · why it matters

Nexchip Semiconductor announced after market close on September 30 that it plans to use its 100% equity stake in wholly owned subsidiary Hefei Jingwei Technology Co., Ltd., valued at 908.2533 million yuan, to increase capital in Anhui Jingmei Photomask Co., Ltd. Upon completion, Nexchip Semiconductor's direct shareholding in Anhui Jingmei will rise from 16.6667% to 32.1599%, and Anhui Jingmei's registered capital will increase from 1.2 billion yuan to approximately 3.247 billion yuan. The pricing of this capital increase is based on an appraisal, with Anhui Jingmei's pre-investment valuation at 1.291 billion yuan. Each investor will subscribe at a price of 1.0758 yuan per unit of registered capital, of which 844.2585 million yuan will be credited to registered capital and 63.9948 million yuan to capital reserve. This transaction constitutes a related-party transaction, as Anhui Jingmei is a 30%-controlled company of the company's controlling shareholder, Hefei Construction Investment Holding Group Co., Ltd., and the company's current chairman, Cai Guozhi, serves as Anhui Jingmei's legal representative and chairman. Related directors recused themselves from voting during board deliberations, and the matter still requires approval by the company's shareholders' meeting. Nexchip Semiconductor stated that this transaction will help revitalize existing assets, achieve centralized allocation and efficient use of photomask production resources, and enhance supply chain stability and self-reliance.

Impact on assets 2

Others▲
Nexchip Semiconductor Corp. A
688249
▲ PositiveCapitalrelevance

Nexchip is increasing its stake in Anhui Jingmei via a 908 million yuan capital injection, consolidating photomask assets and supply chain.

Off-coverage companies 2

安徽晶镁光罩有限公司i
Private▲ PositiveCapitalrelevance

Anhui Jingmei receives a 908 million yuan capital increase, raising registered capital to ~3.247 billion yuan.

合肥晶为科技有限公司i
Private± MixedCapitalrelevance

Hefei Jingwei's 100% equity is being contributed by Nexchip into Anhui Jingmei, transferring ownership of the subsidiary.