According to the Zhitong Finance App, Yachuang Electronics (301099.SZ) announced that Hong Kong Taixin, a wholly-owned subsidiary of the company, plans to purchase 70% of the shares of Yongjia Industrial (International) Co., Ltd. (including its subsidiary, “Yongjia Industrial” for short) by means of cash payment, at a transaction price of US$47.6 million. After the transaction is completed, the company will hold 70% of Yongjia Industrial's shares. Yongjia Industrial will become the company's holding subsidiary and included in the scope of the company's consolidated statements.
According to reports, Yongjia Industrial is an enterprise focusing on electronic component distribution and supporting solution services. The target company's core agency brands include Beijing Junzheng, Sitronix (Sitronix), Techpoint, Yutai Micro, Fudan, Dior, Biwei Storage, etc., and has built a diverse product matrix covering security monitoring core chips (SoC, image sensors), LED drivers, transmission chips, power chips, light source/laser chips, WiFi/Bluetooth chips, and storage. With rich product line resources and technical service capabilities, its products have been widely used in various fields such as consumer electronics, communications, security, industrial control, Internet of Things (IoT) and automotive electronics, and its sales outlets cover core markets such as Hong Kong, Shenzhen, Hangzhou, Seoul, Singapore, and India.
This transaction is a further expansion of the company's electronic component distribution business. The aim is to form highly complementary high-quality distribution targets through the acquisition of the company's existing resources, and further improve the company's market layout in the field of active electronic components. At the same time, it also helps broaden the application areas of the company's self-developed IC business. Yongjia Industrial has accumulated customer resources and channel networks, provides important channel support for large-scale introduction of self-developed ICs and customer verification, and promotes the accelerated implementation of the “distribution+self-developed” two-wheel drive strategy.