Macrolink Culturaltainment to acquire semiconductor firm amid shareholder sale
Macrolink Culturaltainment Development announced its intent to acquire an 81.8091% stake in Guangdong Changxing Semiconductor Technology Co., Ltd. through a cash transaction. This move aims to establish controlling interest in the high-tech semiconductor company, aligning with Macrolink’s "Culture & Technology" strategic expansion. The acquisition is not expected to constitute a major asset reorganization or change the company's control.
Guangdong Changxing Semiconductor, established in 2012, specializes in memory chip packaging, testing, and module manufacturing, holding 76 patents and recognized as a national high-tech enterprise.
Concurrently, Hunan Hualian Construction Engineering Co., Ltd., a significant shareholder of Macrolink Culturaltainment, has completed its planned share reduction, selling 39,358,792 shares at an average price of CNY 1.7814 per share. This transaction, executed between October 15 and October 20, 2025, reduced Hunan Hualian's stake from 2.37% to 1.70% of Macrolink's total share capital.
The share reduction by Hunan Hualian adhered to regulatory requirements and does not impact the company's control or ongoing operations. Macrolink's strategic acquisition of Guangdong Changxing Semiconductor is intended to enhance its overall strength and competitiveness in the high-tech sector, supporting sustainable development.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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