Zhitong Finance App News, Xinwei Communications (300136.SZ) announced that in order to further meet the rapidly growing demand for high-end MLCC products from global customers and accelerate the strategic layout in the high-end MLCC business field, Xinwei Communications (Yiyang) Co., Ltd. (“Yiyang Xinwei”), a wholly-owned subsidiary of the company, plans to acquire 55% of Xinwei Electronic Technology (Yiyang Electronic Technology) Co., Ltd. (“Yiyang Electronic Technology”) through cash payment.
The signing of the “Stock Acquisition and Capital Increase Intent Agreement” was reviewed and approved at the 6th meeting of the sixth board of directors of the company. After the acquisition is completed, the company's wholly-owned subsidiary is expected to directly hold 70% of the shares in the target company and obtain control over it. At the same time, the parties have agreed on the subsequent capital increase of the target company. The board of directors of the company agreed to use no more than 1.1 billion yuan of its own or self-funded capital to advance the share acquisition.
With the upgrading of downstream application scenarios, especially the explosion of AI server demand for high-performance MLCCs, further strengthening the high-end MLCC product layout is an important strategic choice for the company's second growth curve. This time, it is proposed to increase the shareholding ratio in the participating company Yiyang Electronic Technology through a wholly-owned subsidiary. The essence is that the company will include the high-end MLCC business that has completed technology verification in the early stages and imported by some important customers at home and abroad in the scope of the consolidated statement, accelerate the company's business breakthroughs in the field of high-end passive components, and strengthen the company's comprehensive service capabilities and vertical integration capabilities in the field of high-end passive components based on long-term strategic plans. After the equity transaction is completed, the company will rely on the existing management system and channel resources of major global customers to quickly connect the company's high-end MLCC production capacity with the downstream market and effectively shorten the commercialization cycle. One is to meet the out-of-stock demand of overseas customers for high-end MLCC products, and the other is to respond to domestic replacement needs of domestic customers for high-end MLCC products in a timely manner.