Shares of Xinbang Intelligent, a specialist in automotive industrial robot systems, surged for two consecutive days, hitting the 20% daily limit-up ceiling on both Tuesday and Wednesday. The rally followed the company’s May 19 disclosure of plans to acquire a controlling stake in Wuxi Indixin Microelectronics Technology through a mix of share issuance, convertible bonds, and cash. The deal, classified as a major asset restructuring but not a backdoor listing, will see Xinbang issue shares to up to 35 specific investors to raise matching funds. Trading resumed on May 20 after the announcement.
During a May 23 investor Q&A on an interactive platform, Xinbang confirmed it is actively advancing the acquisition process. The company emphasized that the transaction aligns with its strategic expansion into microelectronics, though it cautioned that the deal remains subject to regulatory approvals and due diligence. Market enthusiasm reflects bets on synergies between Xinbang’s automotive robotics expertise and Indixin’s microelectronics capabilities.
Analysts note the deal could reshape Xinbang’s market positioning but warn of volatility risks pending final terms. The stock’s parabolic move—up 44% in two sessions—highlights speculative fervor around China’s industrial automation sector, though some traders await details on valuation and integration plans before confirming bullish stances.
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