# Naxin Micro to acquire 68.28% stake in Shanghai McGain Microelectronics

Suzhou Naxin Microelectronics Co., Ltd. announced a cash acquisition of 68.28% of the shares of Shanghai McGain Microelectronics Co., Ltd. for a total consideration of 682.8216 million yuan.

- Type: Acquisition
- Announced: 2024-06-24
- Where: China
- Status: announced
- Products: microelectronics
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Suzhou Naxin Microelectronics Co., Ltd.](https://endata.com/companies/78199.md) (acquirer)
- [Shanghai McGain Microelectronics Co., Ltd.](https://endata.com/companies/78200.md) (target)
- [Shanghai Silui Technology Co., Ltd.](https://endata.com/companies/78201.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/bulletin/253000000195692824), 2024-06-24: "Suzhou Naxin Microelectronics Co., Ltd. intends to acquire in cash 62.68% of the shares of Shanghai McGain Microelectronics Co., Ltd. directly held by Shanghai Silui Technology Co., Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.