On September 12, Shanghai National Silicon Industry Group Co., Ltd. (Stock Code: 688126, Stock Name: National Silicon Industry Group Co.,Ltd.) will have its merger and acquisition restructuring application reviewed. According to reports, National Silicon Industry Group plans to issue shares and pay cash to Haifu Semiconductor Fund to acquire its 43.9863% stake in Xinsheng Crystal Investment, pay cash to Jingrong Investment to acquire its 2.7491% stake in Xinsheng Crystal Investment, issue shares to Industrial Fund Phase II to acquire its 43.8596% stake in Xinsheng Crystal Technology, issue shares and pay cash to Shanghai Shanxin to acquire its 5.2632% stake in Xinsheng Crystal Technology, issue shares to China National Building Materials New Materials Fund to acquire its 24.8780% stake in Xinsheng Crystal Rui, issue shares to Shanghai State Investment Management to acquire its 14.6341% stake in Xinsheng Crystal Rui, and issue shares to Mixed Reform Fund to acquire its 9.2683% stake in Xinsheng Crystal Rui. Additionally, the company plans to issue shares to no more than 35 specific investors to raise supporting funds not exceeding 2.105 billion yuan.
According to public information, National Silicon Industry Group focuses on the semiconductor silicon materials industry and its ecosystem development. While maintaining the company's organic growth, the company will enhance the comprehensive competitiveness of China's semiconductor wafer industry through external development methods such as investment, mergers and acquisitions, and international cooperation, thereby consolidating the foundation for the development of China's integrated circuit industry. The ultimate goal is to develop into a globalized semiconductor materials group company and establish an internationally competitive "one-stop" semiconductor materials service platform.
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