Chinasoft International unit acquires 29.68% stake in Jingwei Co. for $1.3B
Hong Kong-listed Chinasoft International, through its newly formed subsidiary Chinasoft Xi'an (established September 1, 2026), agreed to acquire a 29.68% controlling stake in Zhejiang-based A-share listed firm Jingwei Co. for approximately 9.44 billion yuan ($1.3 billion). The acquisition price of 53 yuan per share represents a 41.3% premium over Jingwei's pre-suspension closing price. The deal is financed through shareholder capital and bank loans, with the acquirer committing not to sell shares for five years and not to pledge them for three years. Chinasoft International aims to expand into energy digitalization and AI, while ruling out asset injection or major business restructuring for at least three years.
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15-Day-Old Firm Buys $1.3B Stake in Chinese A-Share Firm, Backed by HK-Listed Software Giant
A newly formed company, Zhongruan Xi'an, acquired a 29.68% controlling stake in Zhejiang-based A-share listed firm Jingwei Co. for 9.44 billion yuan ($1.3 billion) just 15 days after its registration. The acquisition, at a 41.3% premium to Jingwei's pre-suspension share price, is backed by Hong Kong-listed software services giant Chinasoft International (00354.HK) through a multi-layer equity structure. The article questions the source of the funds, noting Zhongruan Xi'an's registered capital of 600 million yuan and its reliance on shareholder capital and bank loans. Analysts suggest the deal is not a short-term financial play, as the acquirer has committed to not selling shares for five years and not pledging them for three. The strategic rationale appears to be Chinasoft International's expansion into energy digitalization and AI, leveraging Jingwei's expertise in power and new energy services. However, the acquirer has ruled out injecting its own assets into Jingwei for at least three years, indicating a long-term operational control strategy rather than a reverse merger. The article concludes that the true purpose of this A-share platform remains to be seen.
Read sourceHK-Listed Software Giant Acquires Zhejiang A-Share Firm for $944M via 15-Day-Old Unit
21st Century Business Herald reports that Zhongruan Xi'an, a newly established subsidiary of HK-listed software services firm Chinasoft International (00354.HK), has agreed to acquire a 29.68% stake in Zhejiang-based A-share listed company Jingwei Co. (301390.SZ) for approximately 944 million yuan ($130 million). The acquisition price of 53 yuan per share represents a 41.3% premium over Jingwei's pre-suspension closing price. Zhongruan Xi'an was founded just 15 days prior in Xi'an with a registered capital of 600 million yuan, of which 475 million yuan has been paid in. The deal is financed through a combination of shareholder capital and external funds including bank loans. The acquirer has committed to not selling the shares for 60 months and not pledging them for 36 months. The article notes that Chinasoft International has been expanding into AI, energy digitalization, and computing power, while Jingwei provides power and new energy engineering services. The acquirer has stated it has no plans to change Jingwei's main business or inject related-party assets within the next three years, suggesting this is not a simple backdoor listing but a strategic move to establish an A+H dual-market presence.
Read sourceChinasoft International Unit to Acquire Control of Zhejiang A-Share Firm for $1.3 Billion
Chinasoft International (Xi'an) Intelligent Technology, a newly established subsidiary of Hong Kong-listed Chinasoft International (00354.HK), has agreed to acquire a 29.68% stake in Jingwei Co. (301390.SZ) for approximately 9.44 billion yuan ($1.3 billion). The deal, at 53 yuan per share, represents a 41.3% premium over the stock's pre-suspension price. Jingwei, a Zhejiang-based power and new energy services firm, reported a net loss of 23.12 million yuan in the first half of 2026. Chinasoft International, which is pivoting toward AI, energy digitalization, and computing power, sees the acquisition as a strategic move to gain an A-share listing and expand its energy sector presence. The buyer has committed not to sell the shares for five years or pledge them for three years, and has ruled out injecting related assets via major restructuring for 36 months. The deal is structured as a control transfer, with Chinasoft International set to nominate a majority of the board.
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Hong Kong-listed software firm Chinasoft International acquires control of Zhejiang A-share company for $1.3 billion
Chinasoft International (00354.HK), a Hong Kong-listed software services company, has acquired a 29.68% stake in Zhejiang-based Jingwei Co. (301390.SZ) for approximately 9.44 billion yuan ($1.3 billion) through its newly established subsidiary, Chinasoft Xi'an, which was incorporated just 15 days before the deal. The acquisition price of 53 yuan per share represents a 41.3% premium over Jingwei's pre-suspension closing price of 37.50 yuan. Chinasoft Xi'an, with registered capital of 600 million yuan, will fund the acquisition through a combination of equity capital (at least 50%) and bank loans. The acquirer has committed not to sell the shares for 60 months and not to pledge them for 36 months. The article notes that Jingwei, a power and new energy services company listed in 2023, reported a net loss of 23.12 million yuan in the first half of 2026. Analysts suggest the acquisition is driven by strategic synergies between Chinasoft International's AI and digital capabilities and Jingwei's power industry expertise, though the acquirer has ruled out any major business restructuring or asset injection for at least 36 months. The deal marks Chinasoft International's entry into the A+H dual-listing structure.
Chinasoft International Acquires Control of Zhejiang Firm for $1.3B, 15 Days After New Unit Founded
Chinasoft International (00354.HK), a Hong Kong-listed software services company, has agreed to acquire a 29.68% stake in Zhejiang-based Jingwei Co. (301390.SZ) for approximately 9.44 billion yuan ($1.3 billion) through its newly established subsidiary, Chinasoft Xi'an. The subsidiary was founded just 15 days prior, on September 1, 2026, with registered capital of 600 million yuan. The acquisition price of 53 yuan per share represents a 41.3% premium over Jingwei's pre-suspension closing price of 37.50 yuan. Jingwei provides power and new energy services, including consulting, design, and digital twin applications. Chinasoft International, which is pivoting toward AI, energy digitalization, and computing power, sees the acquisition as a strategic move to gain an A-share listing and expand its energy sector presence. The acquirer has committed not to sell the shares for five years and not to pledge them for three years, and has ruled out any major asset restructuring or business changes for at least 12 months, indicating a long-term operational control strategy rather than a short-term financial investment or backdoor listing.
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