You'A shares plans to acquire the controlling stake in Shenzhen Shangyangtong

You'A Shares announced on November 27 that it is planning to acquire a controlling stake in Shenzhen Shangyangtong Technology Co., Ltd. by issuing shares and paying cash. At present, the transaction is still in the planning stage, and the company is in contact with the shareholders of Shenzhen Shangyangtong. The preliminary transaction counterparties include several companies and individuals including Jiang Rong and Jiang Feng, who together hold 82.37% of the shares of Shenzhen Shangyangtong. It is worth mentioning that Shenzhen Shangyangtong withdrew its application for an IPO on the Science and Technology Innovation Board in July this year. Shenzhen Shangyangtong was established in 2014 and focuses on the research and development and design of high-end semiconductor power device chips. Its main products include IGBT, super junction MOSFET, etc.