SHA:688072

Piotech to Take Full Control of Chip Equipment Maker in Share, Cash Deal

Piotech (SHA:688072) plans to acquire full control of its smaller peer, Wuxi Shangji Semiconductor, by purchasing an 82.97% stake in the company and 100% equity in its two holding platforms, Shanghai Taina and Wuxi Kuanxing, according to a weekend filing with the Shanghai bourse.The semiconductor device manufacturer will fund the transaction through a mix of share issuance and cash payments. Piotech also plans to raise supporting funds from up to 35 specific investors.The company's largest shareholder, the National Integrated Circuit Industry Investment Fund, along with directors and senior management, have committed to a share lock-up during regulatory investigations.The deal remains subject to board and shareholder approvals as well as regulatory clearances.Piotech's shares rose 5% in recent trade.

Piotech Continues Trading Halt

Semiconductor device manufacturer Piotech (SHA:688072) will continue its trading halt amid negotiations to acquire a controlling stake in Wuxi Shangji Semiconductor Technology.The stock has been suspended since June 29, initially for up to 10 trading days, according to a weekend filing with the Shanghai bourse.

Piotech Plans to Buy Controlling Interest in Shangji Semiconductor

Piotech (SHA:688072) plans to acquire a controlling interest in Wuxi Shangji Semiconductor Technology through share placement and cash, according to a Saturday filing on the Shanghai bourse.Trading of the Chinese semiconductor device manufacturer's shares was suspended on Monday and the suspension is expected to last within 10 trading days.

Daiwa Securities Upgrades Piotech to Buy from Hold; Price Target is 565 Yuan

Piotech's 2025 Profit Rises 35%, Revenue Jumps 59%; Shares Up 4%

Piotech's (SHA:688072) net profit attributable to shareholders in 2025 rose 35% to 926.7 million yuan from 688.2 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share increased 34% year on year to 3.29 yuan from 2.46 yuan.Operating revenue jumped 59% to 6.52 billion yuan from 4.10 billion yuan in the preceding year.The Chinese semiconductor device manufacturer's shares soared 4% in the morning trade.

Piotech Returns to Profit in Q1; Shares Up 3%

Piotech (SHA:688072) booked a net profit of 570.6 million yuan in the first quarter of 2026, reversing a net loss of 147 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.The Chinese semiconductor device manufacturer posted earnings per share of 2.00 yuan, versus a loss per share of 0.52 yuan in Q1 2025.The recovery came as revenue jumped 57% to 1.11 billion yuan from 708.7 million yuan.Shares of the company rose 3% in morning trade on Tuesday.