04,08,2026 32 views
【instrumentNetwork Enterprise News】On April 7th, Serex Microelectronics (300456. SZ) announced that its wholly-owned subsidiaries, Serex International and Yuntong Electronics, currently hold a total of 44101150 shares of Silex common stock in Sweden, accounting for 45.24% of Silex common stock in Sweden (with Serex International holding 11.04% and Yuntong Electronics holding 34.20%). Silex in Sweden plans to be listed on the Nasdaq Stockholm Stock Exchange.
Image source: Announcement from Sai Microelectronics
In order to jointly promote the listing, business development, and long-term growth of Silex in Sweden, as well as to balance short, medium, and long-term goals, maximize the interests of the company and all shareholders, and plan the company's future development strategy, the company (through wholly-owned subsidiaries Selex International and Yuntong Dianzi holding shares respectively) plans to transfer a portion of its Swedish Silex common stock equity at the same time as Silex's listing in Sweden and during the subsequent agreement period.
Sweden Silex is expected to issue new shares and raise no more than 1 billion Swedish kronor. Based on friendly negotiations and comprehensive consideration of various demands, the company (including Selex International and Yuntong Electronics, the same below) plans to reduce its holdings of Sweden Silex common shares to 9.90% after listing in Sweden, in order to promote the listing of Sweden Silex. Among them, the company plans to transfer 19.10% of the Swedish Silex ordinary shares to Bure Equity AB (hereinafter referred to as "Bure") after the listing of Silex in Sweden. The company plans to deduct the remaining 9.90% of the Swedish Silex ordinary shares held by the company after the listing of Silex in Sweden and the 19.10% of the Swedish Silex ordinary shares transferred by the company to Bure after the listing of Silex in Sweden from the current 45.24% of the Swedish Silex ordinary shares held by the company. After the IPO placement of Silex in Sweden, the company will directly hold the unrestricted 9.90% of the ordinary shares and transfer them to Bure with a set sale price. 19.10% common stock with a term.
The company has agreed with Bure to transfer 19.10% of the Swedish Silex ordinary shares it holds after listing to Bure. Among them, 10.10% of the Swedish Silex ordinary shares in the aforementioned 19.10% Swedish Silex ordinary shares will be sold within 36 months after the expiration of the lock up period commitment for the initial public offering of Silex in Sweden (the initial lock up period for Silex in Sweden is tentatively planned to be 12 months, subject to the final actual situation, the same below). After the company makes a decision, Bure will be instructed to assist in timing the sale; 9.00% of the 19.10% Swedish Silex common stock mentioned above will be sold at an appropriate time by Bure after the expiration of the lock up period commitment for Silex's initial public offering in Sweden and within 18 months of Silex's listing, at the discretion of the company. Bure shall, upon the company's instruction to sell all or part of the aforementioned 19.10% Swedish Silex ordinary shares, pay to the company the proceeds from the sale of all or part of the 19.10% Swedish Silex ordinary shares and dividends before the sale within the agreed time frame (deducting relevant fees as stipulated in the agreement); After the transfer of 19.10% Swedish Silex common stock to Bure, the company no longer enjoys the voting rights corresponding to 19.10% Swedish Silex common stock.
If Silex Sweden is successfully listed and the company completes the IPO placement of Silex Sweden's common stock and transfers 19.10% of Silex Sweden's common stock to Bure, the proportion of Silex Sweden's common stock held by the company through its wholly-owned subsidiary will decrease from 45.24% to 9.90%. If specific circumstances are met and all parties fully negotiate and reach an agreement, there may be some adjustment to the proportion of 10.10% of the 19.10% Swedish Silex common stock that the company has instructed Bure to sell, and the proportion of the company's holdings of Swedish Silex common stock may increase accordingly.
On April 7, 2026, the 26th meeting of the 5th board of directors of the company approved the proposal on the overseas listing of its subsidiary Silex in Sweden and the proposal on the transfer of part of its equity in Silex in Sweden. The company authorizes the chairman or general manager and their designated personnel to handle the specific matters related to the listing of Silex in Sweden and the equity transfer, including but not limited to opening overseas securities accounts, signing relevant agreement documents, etc., as well as making minor adjustments to the equity trading plan and implementation path on the premise of meeting the purpose of listing Silex's subsidiary in Sweden and not damaging the company's shareholding rights. The authorization period is 12 months from the completion of the relevant review procedures by the company (not binding on the time period when the company instructs Bure to sell the aforementioned 19.10% Swedish Silex common stock).
The triggering condition for this equity transfer is that Silex Sweden can successfully complete its IPO listing on Nasdaq Stockholm in Sweden. If Silex Sweden fails to achieve this goal within the company's authorized period (12 months), this equity transfer will not occur, and the company will continue to hold a total of 45.24% of Silex Sweden's common stock equity through its wholly-owned subsidiaries, Selex International and Yuntong Electronics.
Sai Microelectronics stated that if Sweden Silex is successfully listed and the equity transfer is implemented, it will not cause any changes in the scope of the company's consolidated financial statements. Sweden Silex will still be a subsidiary of the company and will not affect its normal production and operation activities. After deducting related expenses and costs, it is expected to have a positive impact on the company's annual income statement accounts (the exact amount cannot be calculated yet), bringing considerable cash assets and inflows to the company. This will help the company optimize its asset liability structure, further recover funds and concentrate resources, laying a good foundation for the company's domestic business development, overseas business expansion, and future business planning, which is in line with the company's current actual situation and medium - to long-term development strategy.
Risk Warning: This article is based on the announcements and public information of listed companies and does not constitute investment advice. The stock market carries risks, so investment needs to be cautious.
