# Shenzhen Huibeichuan Electronic Technology to acquire Jiangsu Xingshun Electronics for CNY 47.3 million

Shenzhen Huibeichuan Electronic Technology Co., Ltd. agreed to acquire Jiangsu Xingshun Electronics Co., Ltd. from SEMITEC Corporation and Semitec USA Corporation for CNY 47.3 million. The transaction is subject to approval by Chinese authorities.

- Type: Acquisition
- Announced: 2024-11-25
- Where: China
- Value: $6.53M (47.3M CNY)
- Status: announced
- Products: electronic components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Shenzhen Huibeichuan Electronic Technology Co., Ltd.](https://endata.com/companies/81307.md) (acquirer)
- [Jiangsu Xingshun Electronics Co., Ltd.](https://endata.com/companies/81308.md) (target)
- [SEMITEC Corporation](https://endata.com/companies/81309.md) (partner)
- [Semitec USA Corporation](https://endata.com/companies/81310.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SEMITEC-CORPORATION-14116062/news/Shenzhen-Huibeichuan-Electronic-Technology-Co-Ltd-agreed-to-acquire-Jiangsu-Xingshun-Electronics-49666696/), 2024-11-25: "Shenzhen Huibeichuan Electronic Technology Co., Ltd. agreed to acquire Jiangsu Xingshun Electronics Co., Ltd. from SEMITEC Corporation and Semitec USA Corporation for CNY 47.3 million."

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