According to the Zhitong Finance App, TCL Central (002129.SZ) announced that the company plans to purchase 65.80% of Zhonghuan's leading shares from 50 counterparties including Wuxi Sanfa, TCL Technology, and SDIC Jixin by issuing shares, and raise supporting capital from no more than 35 specific investors, including TCL Technology.
The target company Zhonghuan Leading is the operating entity of the listed company's semiconductor materials business. The transaction is the listed company's acquisition of minority shares in the holding subsidiary Zhonghuan Leading. Adhering to the “domestic lead, global catch-up” strategy, Zhonghuan Leading has developed into a semiconductor silicon wafer leader with the largest shipment volume and revenue scale in China. It is one of the few semiconductor silicon wafer manufacturers in the world with a full-size, multi-category product layout, and is committed to “providing global customers with full product solutions”. As the core basic material for integrated circuit manufacturing, semiconductor silicon wafers have clear medium- to long-term growth prospects, driven by growing demand for terminals and the accelerated shift in the industrial chain. The transaction will greatly increase the shareholding ratio of listed companies in Central and significantly increase the value contribution of the semiconductor materials business to listed companies. After the transaction is completed, the listed companies will improve the management efficiency and resource allocation of core semiconductor assets under the “dual main business” structure of the existing new energy photovoltaic business and semiconductor materials business, better support Central China's leading production capacity expansion and technology research and development, and consolidate the development foundation of the “dual main business”.
After the transaction is completed, Zhonghuan Leading can better rely on the listed company platform to enhance its competitive advantage through capacity expansion, technological breakthroughs, quality improvement and cost reduction, consolidate its leading domestic position, become one of the world's leading semiconductor silicon wafer manufacturers, and achieve better and higher quality development of the listed companies' semiconductor business.
Following the company's application, trading of the company's shares will resume from the opening of the market on November 16, 2026 (Monday).