FilingReader Intelligence

Phichem acquires JNC assets, boosts display material business

May 28, 2025 at 05:22 PM UTC•By FilingReader AI

Shanghai Phichem Material (SZSE:300398) announced its subsidiary, Jiangsu Hecheng Display Technology, will acquire JNC Corporation assets, including 100% equity in JNC’s Suzhou entities (JNCLC and JNCNM) and patents related to display liquid crystals, for a total consideration of CNY 3.82 billion. Concurrently, JNC will invest CNY 1.70 billion into Hecheng Display, acquiring a 5.10% stake, while Phichem Material will relinquish its priority subscription rights. The deal will make Hecheng Display a controlled subsidiary.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Announcement on the acquisition of subsidiary assets, capital increase and share expansion and the signing of relevant agreementsMay 28, 2025 at 02:50 AM UTC

Supplementary Source Documents

Announcement on the Change of Equity Structure of the Implementing and Managing Entities of Some Fundraising ProjectsMay 28, 2025 at 02:50 AM UTC

Announcement on the change of investment direction of terminated fundraising projects and the purchase of relevant patent rights of JNC GroupMay 28, 2025 at 02:50 AM UTC

Shanghai Phichem Material

SZSE:300398•Shenzhen Stock Exchange

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