Bailuzhou Zhizhengzheng June 6, 2025
Yesterday, Huamao Technology, which has been suspended for several days due to asset restructuring, has attracted market attention. Not only Huamao Technology, under the dual driving force of deepening capital market reform and industrial upgrading demand, Xiamen listed companies have recently launched mergers and acquisitions and reorganizations, and staged a series of "capital dramas" in the fields of supply chain integration, new energy layout, and semiconductor "breakout".
According to incomplete statistics, In the past six months, Xiamen has disclosed major restructuring plans, and the resonance effect of policy support and market vitality is significant.
Create the "second growth curve" across borders
Huamao Technology announced the suspension of trading on May 21, intending to acquire Fuchuang Excellence with full capital by issuing shares and paying cash, which is deeply engaged in the research and development of optical module PCBA manufacturing and maritime communication equipment. The transaction is seen as a key step in Chinachem Technology's transformation from traditional automotive parts to semiconductor and computing power manufacturing fields. Huamao Technology said that through this transaction, the company will further deepen its layout in the precision manufacturing field of information and communication related products such as optical communications and maritime communications, and create a "second growth curve" of listed companies.
On the day of resuming trading yesterday, Huamao Technology opened high and fell 3.60%. Previously, the stock rose from its lowest point of 26.56 yuan on April 9 to its highest point of 41.80 yuan on May 20, an increase of 57%.
"State-owned warship" promotes strategic integration
✍On March 18th, it announced that it plans to acquire the controlling stake in Xiamen Container Terminal Group by issuing shares and paying cash. The transaction amount has not been disclosed yet. This move is regarded by the market as a key move to build a "smart port" ecosystem. At present, the audit and evaluation of target assets are still being carried out in full swing. The market expects to achieve the dual goals of improving port operation efficiency and optimizing cross-border logistics networks through integration.
✍At the same time, Jianfa Co., Ltd. has won another battle in the field of bankruptcy restructuring. After investing 6.286 billion yuan in 2023, the Jianfa Group completed its strategic restructuring of ST Zhongli in February 2025, and obtained 20% of the equity through capital reserve conversion, and officially became the actual controller of this photovoltaic company. This restructuring not only injects fresh blood into ST Zhongli, but also helps its photovoltaic module production capacity recovery and overseas market expansion through supply chain coordination and technology empowerment.
"Six Articles of Merger and Acquisition" provide institutional guarantees
From the policy perspective, last year, the China Securities Regulatory Commission issued new policies such as "Six Articles on Mergers and Acquisitions" (Opinions on Deepening the Market Reform of Mergers and Acquisitions of Listed Companies) and other new policies provided institutional guarantees for market-oriented restructuring.
Recently, in the merger and acquisition and restructuring training held by the Xiamen Listed Companies Association, experts emphasized the importance of "strategic orientation and long-termism" and suggested that enterprises carry out industrial integration around the direction of new quality productivity. Data shows that the number of major asset restructuring of A-shares increased by 35% year-on-year in the first quarter of 2025, of which the proportion of related transactions in emerging industries exceeded 60%.
Source: Straits Guide (Reporter Zhong Ronghua
