Ming Yang Smart Energy Group Limited (SHSE:601615) agreed to acquire Zhongshan Dehua Chip Technology Co., Ltd. from a group of shareholders on January 12, 2026. A cash consideration will be paid by Ming Yang Smart Energy Group Limited. The consideration consists of common equity of Ming Yang Smart Energy Group Limited to be issued for common equity of Zhongshan Dehua Chip Technology Co., Ltd. As part of consideration, an undisclosed value is paid towards common equity of Zhongshan Dehua Chip Technology Co., Ltd. The sources of funds for the cash consideration of the Transaction for the Company include: supporting funds to be raised, its own funds, or self-raised funds such as bank loans. Shares will issued to raise supporting funds which will be conducted through an inquiry process with the price being not less than 80% of the average trading price of the Company's shares over the 20 trading days preceding the pricing reference date. The total amount of supporting funds to be raised shall not exceed 100% of the transaction price of the asset acquisition by issuing shares and paying cash, and the number of shares to be issued shall not exceed 30% of the total share capital of the Listed Company. The proportion used for supplementing working capital and repaying debts shall not exceed 25% of the transaction consideration or 50% of the total supporting funds to be raised.
The transaction is subject to approval by China Securities Regulatory Commission, Shanghai Stock Exchange, approval of offer by acquirer shareholders and approval of offer by acquirer board. The deal has been approved by the board.
Ming Yang Smart Energy Group Limited is a China-based company which provides high-end equipment manufacturing, investment and operation of new energy power plants and intelligent management business. The New Energy High-end Equipment Manufacturing Business segment mainly includes large-scale wind turbine and its core components research and development, production, sales, intelligent operation and maintenance business. The Investment Operation and Intelligent Management Business of New Energy Power Plant segment mainly includes wind farm and photovoltaic power plant development, investment, construction and intelligent operation management business. The Company's products cover land units and large offshore units of normal temperature type, low temperature type, wide temperature type, plateau type and coastal type, which can adapt to different environments, wind conditions and power generation conditions in various regions. The Company mainly operates in China and overseas markets.
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