Piotech Inc. Plans Acquisition of Majority Stake in Wuxi Shangji Semiconductor, Shares to Resume Trading

Piotech Inc. (ASX: 688072) has announced its intention to acquire an 82.97% stake in Wuxi Shangji Semiconductor Technology Co., Ltd., along with 100% equity in Shanghai Tainawei and 100% equity in Wuxi Kuanxing. The acquisition will be conducted through a combination of share issuance and cash payment. The company also plans to issue shares to no more than 35 specific investors to raise supporting funds.

Upon completion of the transaction, the company will directly and indirectly hold 100% of the shares in Wuxi Shangji. The company's shares are scheduled to resume trading at the market open on July 13, 2026.

Wuxi Shangji's primary products include PVD and CVD process thin-film deposition equipment and etching equipment. Its current product and revenue structure is predominantly based on PVD equipment. The company's PVD equipment holds a leading domestic position and significant competitive advantages in segments such as power semiconductors, MEMS, and RF chips.

In the etching field, the company currently focuses on dry etching equipment, primarily used in the MEMS sector, with gradual expansion into power devices, RF devices, and advanced packaging. Its CVD equipment, suitable for RF, power devices, and advanced packaging, is currently in the product development and customer introduction phase.

This transaction is expected to rapidly complete the company's core product line, enhance coverage of mainstream thin-film deposition processes and key equipment in the 3D integration field, and further strengthen its strategic positioning in the semiconductor equipment sector.

The downstream application scenarios of both companies' products are complementary, enabling them to meet the one-stop procurement and joint process development needs of clients across multiple fields. This is anticipated to effectively enhance customer retention capabilities and broaden market coverage.

Beyond product synergy, the companies are expected to achieve strong synergistic effects in sales, supply chain, research and development, and other areas, thereby effectively improving the company's core competitiveness.