M&A and Restructuring on the STAR Market Accelerate, Industrial Integration Efficiency Continues to Unfold

Corporate ActionIndustry
โดย 央广财经·Read original
Summary · why it matters

The pace of M&A and restructuring project implementation on the STAR Market continues to accelerate, with the core efficiency of the capital market in serving the transformation and upgrading of hard-tech enterprises and industrial integration being continuously released. Since the release of the 'Eight STAR Market Measures', STAR-listed companies have disclosed over 220 equity acquisition transactions cumulatively, including 59 major asset restructurings. In 2026, 53 new M&A transactions and 7 major asset restructurings have been disclosed. Recently, Primarius Technologies' acquisition of RelChip and Hua Hong Grace's acquisition of Huali Microelectronics have successively obtained registration approvals from the China Securities Regulatory Commission. Willsemi's acquisition of Shunlei Technology has been approved by the Shanghai Stock Exchange's restructuring committee. Advanced Micro-Fabrication Equipment's acquisition of Hangzhou Zhonggui has become the first case on the STAR Market to apply the simplified review procedure for M&A and restructuring. A series of differentiated and simplified review policies have been implemented one after another, including innovative arrangements such as acquisitions of unprofitable assets, differentiated pricing, and market-based valuation methods, significantly enhancing the efficiency and feasibility of transaction implementation.

Impact on stocks 5

Others · 5 stocks
Primarius Technologies Co. Ltd. A
688206
▲ PositiveRegulationrelevance

Primarius Technologies' acquisition of RelChip has obtained registration approval from the CSRC, a positive regulatory milestone.

Advanced Micro Fabrication Inc
688012
▲ PositiveRegulationrelevance

The article highlights that Advanced Micro-Fabrication Equipment's acquisition of Hangzhou Zhonggui is the first case on the STAR Market to apply the simplified review procedure, indicating regulatory support and efficiency gains.

Hua Hong Semiconductor Limited
688347
▲ PositiveRegulationrelevance

Hua Hong Semiconductor's subsidiary Hua Hong Grace's acquisition of Huali Microelectronics has obtained CSRC registration approval, reflecting regulatory progress.

Off-coverage companies 4

上海华力微电子Private± Mixed
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上海瞬雷科技有限公司Private± Mixed
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杭州众硅半导体 (Hangzhou Zhongsi Semiconductor)Private± Mixed
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锐成芯微Private± Mixed
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