According to Caijing on January 5 (editor: Li Chen), the merger and acquisition market remains active, and the market's attention to listed companies' mergers and acquisitions has increased. The A-share merger and acquisition market continues to be hot, with Xdc Industries(Shenzhen)Limited achieving a 20CM2 continuous trading limit on Friday, as its holding subsidiary plans to purchase 47% equity in DongGuan Winnerway Industry Zone for 70.5 million yuan, while DongGuan Winnerway Industry Zone plans a transformation towards the SSE High-End Equipment Manufacturing 60 Index by purchasing about 60% of shares in BOE Creative Intelligent Equipment Co., Ltd.

According to incomplete statistics from Caijing, as of the time of writing, there are 22 A-share listed companies that disclosed progress in mergers and acquisitions this week, including IKD Co., Ltd., Hangzhou Raycloud Technology Co., Ltd., DongGuan Winnerway Industry Zone, SH PHARMA, Montnets Cloud Technology Group, Anhui Expressway, Huasu Holdings, Tianjin Realty Development, Xdc Industries(Shenzhen)Limited, Nanfang Ventilator, Haitian Co., Ltd., Shunfa Hengye Corporation, Huaihe Energy, Shenzhen Microgate Technology, Jiangsu Jiejie Microelectronics, Xiamen King Long Motor Group, Suzhou Good-ark Electronics, Guangdong Leadyo Ic Testing Co.,Ltd., Shinva Medical Instrument, Neusoft Corporation, Konka Group Co.,Ltd, and Huasi Holding. The specifics are as shown in the figure below:

Xdc Industries(Shenzhen)Limited, a national high-tech enterprise in the field of radio frequency metal components and radio frequency structural parts in the mobile communication industry, announced its merger and acquisition Assets news, achieving 20CM2 continuous trading limit on Friday. On Tuesday, Xdc Industries(Shenzhen)Limited announced that its holding subsidiary Dongguan Aisi Communication Technology Co., Ltd. intends to purchase 47% equity of DongGuan Hongais Communication Technology Co., Ltd. held by Hasselmann (Shenzhen) Technology Co., Ltd. with self-owned or self-raised funds for a transaction price of 70.5 million yuan. The main core radio frequency device product of DongGuan Hongais is a filter, which is mainly applied in communication networks such as 4G and 5G, and it holds the supplier qualification of LM Ericsson Telephone. Through the investment into DongGuan Hongais via its holding subsidiary, the company can further optimize its customer structure and achieve strategic synergies in technology, products, and market.

DongGuan Winnerway Industry Zone, whose main business is Real Estate Development, announced plans for a major asset restructuring and saw its stock reach the trading limit on Friday. On Thursday, DongGuan Winnerway Industry Zone announced that it intends to acquire about 60% of shares in BOE Creative Intelligent Equipment Co., Ltd. (referred to as 'BOE Intelligent') through cash payment. The relevant parties signed a "Letter of Intent for Share Transfer" on January 2, 2025. BOE Intelligent's main products are intelligent injection molding equipment, which is a working mother machine for processing polymer composite materials, belonging to the category of high-end equipment manufacturing in strategic emerging industries. DongGuan Winnerway Industry Zone currently focuses on Real Estate Development and sales while also engaging in businesses such as recycled lead. This transaction is centered on strategic emerging industries, enabling DongGuan Winnerway Industry Zone to transition from traditional real estate business to high-end equipment manufacturing, which is beneficial for seeking new profit growth points and a second growth curve, as well as accelerating the pace of transformation towards new productive forces.

Jin Tou Cheng Kai, a real estate developer focused on the Tianjin area, saw its stock rise to the limit after its review on Thursday. On Tuesday, Jin Tou Cheng Kai announced that it plans to exchange all its assets and liabilities as divested assets with the equal portion of the assets held by the counterparty, which includes 100% equity of Jin Neng Shares, 100% equity of Tianjin Thermal Energy, 100% equity of Gang Yi Heating, 98.18% equity of Jin Neng Wind Power, and 100% equity of Jin Neng New Energy. The difference in value between the assets to be injected and those to be divested will be compensated by issuing shares and cash to the counterparty. Additionally, the company plans to issue shares to no more than 35 specific investors to raise supporting funds. After the completion of this transaction, the company's main business will be changed from real estate development and operation to heating and new energy power generation, which will assist the company in its transition to the energy industry, improve asset quality, and enhance profitability and sustainable operation capability.

Additionally, according to incomplete statistics from Caijing, the listed companies that disclosed progress in mergers and acquisitions this week and had stock trading suspended include IKD Co., Ltd., Montnets Cloud Technology Group, Konka Group Co.,Ltd, and Huasi Holding. On Friday, IKD Co., Ltd. announced plans to acquire 71% equity of Zhuobo, resulting in a suspension of trading. On Wednesday, Montnets Cloud Technology Group announced that it intends to acquire control of Hangzhou Bicheng through the issuance of shares and cash, leading to a trading halt. According to the announcement, Bicheng Digital was established in 2017 with a registered capital of 0.478 billion yuan. Its official website states that Bicheng Digital is a leading digital retail brand management group, a demonstration enterprise of E-Commerce by the Ministry of Commerce, and a six-star service provider on Tmall, a six-star service provider in the entire area of Alibaba Mama, and a diamond brand service provider in Douyin E-Commerce, committed to becoming a strategic partner that is most trusted by global brands. On Monday, Konka Group Co.,Ltd announced that it intends to acquire control of Hongjing Microelectronics, and trading was suspended. On Monday, Huasi Holding announced its intent to acquire control of Jingxin Technology, leading to a trading suspension.