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On December 28, Tongye Technology unveiled its intention to purchase a 91.69% equity interest in Beijing Silinko Semiconductor Technology Co., Ltd., using 561 million yuan in cash. This deal is classified as a significant asset restructuring and a transaction involving related parties. Notably, Silinko's valuation has surged, with an appreciation rate soaring to 387.41%.
Once the transaction is finalized, Tongye Technology will step into the realm of power IoT communication chips, fostering a strategic synergy between its existing rail transit technology and the newly acquired semiconductor expertise. Moreover, the entity under the de facto control of Silinko's actual controller will obtain a 6% stake in Tongye Technology. In return, the counterparty has pledged that Silinko's cumulative net profit from 2026 to 2028 will amount to at least 175 million yuan.
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