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Kaiweite: Proposes to Issue Shares and Pay Cash to Acquire Control of Jingyi Semiconductor Within 10 Trading Days
KWT announced that the company is planning to acquire control of Jingyi Semiconductor Co., Ltd. through the issuance of shares and cash payments, and to raise supporting funds. This transaction may constitute a major asset restructuring but will not result in a change of the company’s actual controller and does not constitute a reorganization and listing. Due to the uncertainty of the transaction, the company’s stock will be suspended starting March 16, 2026, with an expected suspension period of no more than 10 trading days.