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Saiwei Electronics (Stock Code: 300456.SZ) has made public its intention to acquire a certain portion of equity in Xindonglai, with the transaction price capped at no more than RMB 60 million. According to the preliminary proposal, the company aims to purchase an 11% stake in Xindonglai, which is currently held by its original shareholders, including Hainan Yimai. Established in 2023, Xindonglai boasts in-house research and development capabilities, along with the ability to mass-produce mature-process lithography machines. Its business scope encompasses the remanufacturing and independent research of lithography machines, as well as the provision of related services. Should the parties reach an agreement and the transaction be successfully concluded, Xindonglai will become a subsidiary in which Saiwei Electronics holds an equity stake.
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