Chinese Tech Firm Jingce Electronic to Fully Acquire Semiconductor Subsidiary in Major Reorganization

Chinese technology testing equipment manufacturer Wuhan Jingce Electronic Group Co., Ltd. announced Wednesday a major asset reorganization to acquire the remaining 41.17 percent stake in its subsidiary, Shanghai Jingce Semiconductor Technology Co., Ltd.. According to regulatory filings released on July 15, 2026, the Shenzhen-listed company plans to fund the acquisition through a combination of newly issued shares, convertible corporate bonds, and cash payments. Jingce Electronic also intends to raise matching funds to support the transaction. The transaction is categorized as a related-party transaction and is expected to constitute a major asset reorganization, though it will not result in a backdoor…