Hangxin Technology (300424.SZ) plans to acquire a 51% stake in Shanghai Xinsheng for RMB 280 million to RMB 295 million.

Zhito Finance APP News: Hangxin Technology (300424.SZ) announced that on September 18, 2026, the company signed an "Equity Acquisition Letter of Intent" with Shanghai Xinxian Investment Partnership (Limited Partnership), Shanghai Xinchuan Investment Partnership (Limited Partnership), Shanghai Xinsheng Investment Partnership (Limited Partnership), shareholders of Shanghai Xinsheng Electronics Co., Ltd., and Zhang Bing (the actual controller of Shanghai Xinsheng). The company intends to acquire a 51% equity interest in Shanghai Xinsheng through a cash acquisition. Upon completion of this transaction, Shanghai Xinsheng will become a controlled subsidiary of the company.