Terry Machinery (603289.SH) plans to acquire a controlling interest in storage module company Yixinwei

Zhitong Finance App News, Terry Machinery (603289.SH) announced that the company plans to acquire no less than 51% of the total shares of Yixin Semiconductor Technology (Shenzhen) Co., Ltd. (hereinafter referred to as “Yixin Micro”, the “target company” or “target company”) through capital increases and equity transfers. Of these, the company plans to pay no more than 44.8 million yuan in cash consideration to transfer 16% of the shares held by the original shareholders of Yixin Wei. The company plans to increase capital by no more than 200 million yuan to acquire 41.67% of the shares held by Yixin Wei's original shareholders. After the transaction is completed, Yixinwei will become a holding subsidiary of the company and will be included in the scope of the company's consolidated statements.

The target company is engaged in R&D, manufacturing and sales of storage modules. It relies on self-built packaging and production lines to complete key production processes such as wafer grinding and cutting, crystallization, welding, molding, ball implantation, cutting, SMT patch and module testing. The product end covers products such as BGA particles, SSD, eMMC, TF cards, and package testing services.

This transaction differs from traditional cross-border mergers and acquisitions. The core purpose is not only to obtain a controlling interest in the target company, but more importantly, to enable the target company to achieve accelerated development on the storage module circuit through platform resources and financial support from the listed company, thereby creating new profit growth points for the listed company. The capital increase paid by the listed company is directly injected into the target company, which can be used in core business processes such as R&D investment, capacity expansion, and supply chain preparation in the storage module business. At the risk control level, the combination of the capital increase model and performance commitment forms a stronger guarantee for the listed company's interests .