Hongda Electronics announced that Jiangsu Zhanxin Semiconductor Technology, in which it indirectly holds a stake, will list on the ChiNext board of the Shenzhen Stock Exchange on August 7, 2026, under the stock name Zhanxin Semiconductor and code 301707. Before the offering, the company indirectly held 51.0236 million shares of Zhanxin Semiconductor through Nanjing Yixin Yiyi Venture Capital Partnership, representing 13.79% of the total share capital before issuance. After the offering, the indirect shareholding ratio will drop to 12.41%, with a lock-up period of 36 months. The company stated that its investment in Yixin Yiyi is accounted for using the equity method, and fluctuations in Zhanxin Semiconductor's share price will not have a material impact on the current financial statements.
Zhuzhou Hongda Electronics Corp Ltd Class AHongda Electronics' indirect stake in Zhanxin Semiconductor will list, potentially increasing the value of its investment.
Zhanxin Semiconductor is listing on ChiNext, providing access to public capital markets.
