Mainly engaged in the mid-to-high-end packaging and testing business of integrated circuits, Yongsi Electronics completed the guidance for IPO listing on the Science and Technology Innovation Board

Capital State has learned that recently, Yongsi Electronics (Ningbo) Co., Ltd. disclosed a summary report on the initial public offering of stocks and listing on the Science and Technology Innovation Board.

Ping An Securities Co., Ltd. (hereinafter referred to as “Ping An Securities” or “Counseling Institution”), as Yongsi Electronics (Ningbo) Co., Ltd. (hereinafter referred to as “Yongsi Electronics”, “Issuer”, “Company” or “Counseling Object”), was the first Guidance institutions that publicly issue stocks and are listed on the Science and Technology Innovation Board have submitted the guidance filing registration materials to the China Securities Regulatory Bureau on November 30, 2020, and obtained the “Regarding the Guidance Registration of Yongsi Electronics (Ningbo) Co., Ltd. issued by your bureau. Date of Confirmation (Letter from Ningbo Securities Regulatory Commission)[2020]165), confirmation 202November 30, 2000 is the registration day for Yongsi Electronics.

At present, the relevant counseling work has achieved good results, and the counseling institutions believe that the counseling work has reached the goal of the counseling plan. We now submit a summary report on the guidance work of Yongsi Electronics for the initial public offering of shares and listing on the Science and Technology Innovation Board to the CSRC.

It is reported that before this, Yongsi Electronics has just received capital increase from 16 companies. On September 29, 2020, Julong Technology (300475.SZ) announced that the company and 15 other companies signed the “Investment Agreement” with Yongsi Electronics and its shareholders. Julong Technology and 10 other companies plan to transfer 7,375,000 shares of Yongsi Electronics at a price of 15 yuan per share. At the same time, the company and 12 other companies plan to subscribe at a price of 15 yuan per share. Yongsi Electronics added 35.66 million shares.

In the announcement, Julong Technology stated that due to the superposition of multiple factors such as the transfer of the downstream industry chain, the first promotion of 5G, the innovation of mobile phones and the normalization of storage inventory, the rebound of semiconductor packaging and testing in the mainland is better than that of the world, and the market space is broad. Yongsilicon’s existing business focuses on emerging and fast-growing application fields, and commercialization is progressing rapidly.

According to information on the official website of Yongsi Electronics, the company is currently mainly engaged in the mid-to-high-end packaging and testing business of integrated circuits, smart phones, tablet computers, wearable electronics, Internet of Things, smart home, digital TV, security monitoring, 5G, artificial intelligence, network communication, cloud Integrated circuit applications such as computing, big data processing and storage are the main target markets.

The Links:   GT30F123 TPS65266RHBR

Author: Yoyokuo