Xidi Micro: Chengxin Micro has become a wholly-owned subsidiary of the company

MetaMuskRat · 2026-03-22T08:35:25+00:00

Xi Di Micro announced on March 20 the completion of its acquisition of Chengxin Micro for 310 million yuan. All closing conditions have been satisfied, Chengxin Micro has become its wholly-owned subsidiary, and the relevant industrial and commercial registration changes have been completed.

MetaMuskRat

2026-03-22 08:35:25

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People’s Financial News, March 20 — Xidiwei (688173) announced on March 20 that it plans to acquire 100% equity of Shenzhen Chengxinwei Technology Co., Ltd. (hereinafter referred to as “Chengxinwei”) for 310 million yuan. All closing conditions specified in the “Share Transfer Agreement” have now been satisfied. Chengxinwei has amended its articles of association and shareholder register, and the company has appointed three directors to Chengxinwei. Chengxinwei has completed the relevant industrial and commercial registration and filing procedures, including shareholder changes, articles of association amendments, and director changes, in accordance with the “Share Transfer Agreement” on March 20, 2026 (the “Closing Date”). It has also obtained a new business license issued by the Shenzhen Market Supervision Administration. From the closing date onward, Chengxinwei will become a wholly owned subsidiary of the company.

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