# Bada International to acquire 60% stake in Jiangsu Weina Hongxin Semiconductor

Bada International Holdings announced on 12 December 2024 that its indirect wholly-owned subsidiary will acquire 60% of Jiangsu Weina Hongxin Semiconductor Co., Ltd. from Shanghai Weina Hongxin Semiconductor Co., Ltd. for a nominal consideration of RMB 1. The target company plans to become a leading manufacturer of laboratory-grown diamonds using microwave plasma CVD technology.

- Type: Acquisition
- Announced: 2024-12-12
- Where: China
- Status: announced
- Products: laboratory-grown diamonds, diamond jewelry
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Bada International Holdings](https://endata.com/companies/81717.md) (acquirer)
- [Jiangsu Weina Hongxin Semiconductor](https://endata.com/companies/81718.md) (target)
- [Shanghai Weina Hongxin Semiconductor](https://endata.com/companies/81719.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1224276.html), 2024-12-12: "目标公司的业务目标是成为中国实验室培育钻石的领先制造商及分销商。"

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