Hangjin Technology (000818.SZ) announced that its wholly-owned subsidiary Changsha Shaoguang Semiconductors Co., Ltd. (“Changsha Shaoguang"
According to the financial news app Intelligence Finance, Hangjin Technology (000818.SZ) announced that its wholly-owned subsidiary Changsha Shaoguang Semiconductors Co., Ltd. (“Changsha Shaoguang") introduced strategic investor Gongrong Yangtze River (Hubei) Intelligent Manufacturing Equity Investment Fund Partnership Enterprise (limited partnership)(“Gongrong Yangtze River Investment Fund"). The Gongrong Yangtze River Investment Fund plans to increase the cash of the wholly-owned subsidiary Changsha Shaoguang by 0.3 billion yuan with a pre-investment valuation of 1.5 billion yuan, acquiring 16.67% equity, and the company plans to waive its pre-emptive rights.
On May 28, 2024, the company disclosed that it, along with ICBC Capital Management Co., Ltd. (“ICBC Capital"), Hubei Guoyi Investment Management Co., Ltd. (“Guoyi Investment"), and other investment partners collectively invested in establishing the Gongrong Yangtze River Investment Fund, with a fund size of 1 billion yuan. The company subscribed 0.2 billion yuan, accounting for 20.00% of the total subscribed amount, as a limited partner.
It is reported that the introduction of strategic investors this time by Changsha Shaoguang is beneficial for consolidating its traditional specialty chip business and accelerating independent and controllable chip research and development. Furthermore, this capital increase is based on the consideration of further integrating Changsha Shaoguang into the company's intelligent computing platform, enhancing Changsha Shaoguang's advantage in intelligent computing server research and manufacturing, and achieving industrial upgrading.