①The CSRC meeting emphasized stimulating the vitality of the M&A market and improving full-chain supervision of restructurings. ②According to incomplete statistics, a total of 19 A-share listed companies disclosed M&A progress this week (see appendix).
Cailian Press, January 17 (Editor Pingfang) The M&A activities in the A-share market continue to be active. On the news front, the China Securities Regulatory Commission held its 2026 System Work Conference on January 15. The meeting emphasized stimulating the vitality of the M&A market, improving full-chain supervision of reorganizations, and taking multiple measures to promote the high-quality development of listed companies.
According to incomplete statistics from Cailian Press, as of press time, a total of 19 A-share listed companies have disclosed M&A progress this week, including Xinhua New Materials, Huali Co., Ltd., Xinghua New Materials, Defu Technology, Zhongyuan Neipai, Jinmo Co., Ltd., Nar Co., Ltd., Hongli Da, Wanchen Group, Keda Manufacturing, Heshun Technology, Unigroup Guoxin, Lianjian Technology, Adi Pharmaceuticals, Jianghuamin, Mingyang Smart, Lanjian Electronics, Shengda Resources, and Zhongyuan Environmental Protection. Specific details are shown in the following chart:
Among them, Lanjian Electronics, which owns complete semiconductor packaging and testing technology, announced on January 12 that the company intends to acquire no less than 51% of the equity in Chengdu Xinyi, held by the transferor, via cash payment. The overall valuation of Chengdu Xinyi is tentatively set at no more than 6.75 billion yuan. Through this M&A integration, the company will achieve a strategic expansion from the semiconductor packaging and testing sector into the chip design industry chain, gradually building an industrial chain structure where 'chip design + semiconductor packaging and testing' mutually promote development. In the secondary market, Lanjian Electronics closed with a 20CM price limit on Thursday and rose over 13% on Friday.
Unigroup Guoxin, one of the major comprehensive integrated circuit listed companies in China, disclosed a restructuring plan on January 14. The company plans to acquire 100% of Ruineng Semiconductor's equity through issuing shares and cash payments and intends to raise supporting funds by issuing shares to no more than 35 specific investors. Through this transaction, the company can integrate its power semiconductor product portfolio, quickly fill gaps in the manufacturing process, and perfect the semiconductor industry chain layout. The company’s shares and convertible bonds resumed trading on January 15. On the day of resumption, Unigroup Guoxin's share price surged to the upper limit.
In addition, according to incomplete statistics, listed companies disclosing M&A progress this week that halted or resumed trading include Keda Manufacturing, Jianghuamin, and Mingyang Smart.
Keda Manufacturing, which specializes in the production and sales of architectural ceramics machinery and overseas building materials, announced on January 14 that it is planning to acquire minority stakes in its controlling subsidiary, Guangdong Tefu International Holdings Co., Ltd., via issuing shares and cash payments while raising supporting funds. This transaction is expected to constitute a related-party transaction and a significant asset restructuring. The company’s A-shares have been suspended from trading starting January 15, with the suspension expected to last no longer than 10 trading days.
Jianghuamin, a leading domestic wet electronic chemicals company, announced on January 12 that its controlling shareholder, Zibo Xinghengtusong Holdings Co., Ltd., is planning a significant matter that may lead to a change in the company's control. To ensure fair information disclosure, protect investor interests, and avoid abnormal fluctuations in the company’s share price, the company’s shares were suspended from trading starting January 13, 2026.
Mingyang Smart, a wind power station operator, announced on January 12 that it received notice on January 12, 2026, from its controlling shareholder, Nengtou Group, regarding plans to acquire control of Dehua Company via issuing shares and cash payments while raising supporting funds. This transaction constitutes a related-party transaction and is currently still in the planning stage, and is not expected to constitute a significant asset restructuring. To ensure fair information disclosure and protect investor interests, the company’s shares were suspended from trading starting January 13, with the suspension expected to last no longer than 10 trading days.
