Shanghai 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.