Tiantong Jicheng plans to acquire a 67% stake in Xintianli, advancing its layout in materials and equipment.

Recently, Tiantong Co., Ltd. issued an announcement stating that, in order to advance its strategic development plan of “materials plus specialized equipment,” its wholly-owned subsidiary, Tiantong Jicheng Machine Technology Co., Ltd. (hereinafter referred to as “Tiantong Jicheng”), plans to acquire a 67% stake—valued at 3.35 million yuan—in Hunan Xintianli Technology Co., Ltd. (hereinafter referred to as “Hunan Xintianli”). The transaction price was determined through negotiation among all parties, based on a valuation of 100% equity in Hunan Xintianli at 196 million yuan, resulting in a transaction price of 131.32 million yuan. Upon completion of this acquisition, Tiantong Jicheng will hold a 67% stake in Hunan Xintianli, making it a controlling subsidiary of Tiantong Jicheng. Currently...

Recently, Tiantong Co., Ltd. issued an announcement stating that, in order to advance its strategic development plan of “materials plus specialized equipment,” the company’s wholly-owned subsidiary, Tiantong Jicheng Machine Technology Co., Ltd. (hereinafter referred to as “Tiantong Jicheng”), plans to acquire a 67% stake—valued at 3.35 million yuan—in Hunan Xintianli Technology Co., Ltd. (hereinafter referred to as “Hunan Xintianli”). The transaction price was determined through negotiation among all parties, based on a valuation of 100% equity in Hunan Xintianli at 196 million yuan, resulting in a transaction price of 131.32 million yuan.

Upon completion of this acquisition, Tiantong Jicheng will hold a 67% equity stake in Hunan Xintianli, becoming a controlling subsidiary of Tiantong Jicheng.

Currently, Tiantong Shares’ business is primarily focused on electronic materials and specialized equipment for the broader semiconductor industry. The company’s wholly-owned subsidiary, Tiantong Jicheng, is mainly positioned in the fields of key equipment for the forming and precision processing of electronic powder materials, as well as key equipment for the growth and precision processing of semiconductor crystal materials. Corresponding to the development of these businesses, the target scope of the listed company’s M&A strategy is primarily oriented toward “materials plus specialized equipment.”

The proposed acquisition target, Hunan Xintianli, is a high-tech enterprise specializing in the R&D and manufacturing of advanced, specialized sintering equipment. It boasts strong R&D capabilities and a robust technological reserve in the field of high-end sintering kiln equipment. Currently, Hunan Xintianli’s primary customers are well-known domestic industry leaders, and its powder material forming presses and sintering furnaces are core equipment in the high-end powder materials sector.

Tiantong Shares stated that the company has already mastered core technologies in the field of molding machines and is capable of independent, self-sufficient production. This transaction represents a significant step for the company to further expand into the high-end sintering equipment sector. Upon completion of this acquisition, the company will essentially have finalized its strategic layout of core equipment in the field of new powder materials.

Currently, in addition to the synergy already existing among its powder material equipment, this transaction will enable Tian Tong Shares to expand its specialized equipment sales channels into emerging business areas such as lithium-battery new energy, 3D glass, and advanced ceramics. This external investment aligns with the company’s strategic development plan, exhibits high synergy with its existing powder material forming equipment, and is expected to open up new growth opportunities for the company in fields including lithium-battery new energy, 3D glass, and advanced ceramics.

In addition, on the 29th, Tiantong Shares issued a series of consecutive announcements stating that the company had signed a “Framework Cooperation Agreement” with the Management Committee of Haining Juanhu International Science and Technology City in Haining. Under the agreement, the two parties plan to establish the Pan-Semiconductor Materials and Equipment Technology Research Institute within the Haining Juanhu International Science and Technology City, with a total investment of no less than 200 million yuan. Tiantong Shares stated that this investment contract will help accelerate the company’s deployment in the pan-semiconductor sector, while also enabling the effective utilization of each party’s complementary resources, strengthening their strategic partnership, and thereby promoting the optimization and upgrading of the company’s industrial structure and further enhancing its core competitiveness and sustainable development capabilities.

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