NSIG advances asset acquisition and fundraising plan

Shanghai-based National Silicon Industry Group (NSIG), listed on the Shanghai Stock Exchange (SSE:688126), has announced further progress in its planned asset acquisition and fundraising efforts. The company intends to purchase minority stakes in Shanghai New Rising Crystal Investment Semiconductor Technology Co., Ltd., Shanghai New Rising Crystal Semiconductor Technology Co., Ltd., and Shanghai New Rising Crystal Rui Semiconductor Technology Co., Ltd. via share issuance and cash payment, alongside raising complementary funds. The transaction is classified as a major asset restructuring and related-party transaction. Due diligence, auditing, and valuation work are ongoing. Trading of the company’s shares, which had been temporarily suspended, resumed on March 10, 2025. NSIG will continue to adhere to regulatory requirements for subsequent approvals and information disclosure. Investors are advised to exercise caution.