Changes in Hong Kong stocks | Shengbang Shares (03661) rose more than 7% in the afternoon, and plans to acquire Shen Xiling's micro controlling interest and is expected to achieve strong synergy

The Zhitong Finance App learned that Shengbang shares (03661) rose more than 7% in the afternoon. As of press release, it rose 4.25% to HK$66.2, with a turnover of HK$484.73 million.

According to the news, Shengbang Co., Ltd. recently announced that it plans to acquire 58.29% of Shen Xiling's shares for 833 million yuan. After the transaction is completed, Shengbang Co., Ltd. will become the shareholder of Shen Xiling Holdings, and Shen Xiling will be included in the scope of the company's consolidated statements. According to the announcement, Shen Xiling and Shengbang Co., Ltd. belong to the same semiconductor industry. The product lines are differentiated and complementary, and the two “have strong synergy effects in terms of market channels, customer resources and supply chain.”

According to reports, Shen Silingwei focuses on semiconductor design for sensor chips and mixed signal chips. The products cover many categories such as temperature sensors, temperature and humidity sensors, digital interface chips, and digital-to-analog conversion chips. The downstream applications cover the fields of industry, networking and computing, medical care, smart wearables, etc., and have accumulated a number of high-quality terminal customer resources, which differentiate and complement the company's products and application scenarios.