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Aiai Precision: Neither Company Nor Acquirer Involved in Indium Phosphide Business
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Aijin Precision (Aijin Jinggong) issued a statement on September 22, clarifying that its main business remains light conveyor belts and precision metal structural parts and electronic components, with no significant changes to date. The company explicitly stated that neither itself, the acquirer Shanghai Yusheng, nor its controlling shareholder are involved in indium phosphide-related businesses. Furthermore, Shanghai Yusheng, its controlling shareholder Guangxi Yusheng, and actual controller Yuan Yuan have no clear plans within the next 12 months to sell, merge, or jointly venture the assets or business of the listed company or its subsidiaries, nor any clear restructuring plan to purchase or replace assets. This announcement appears aimed at addressing market speculation or rumors regarding potential business shifts into the indium phosphide sector.
Source report
September 22 (Jin Shi Data) — Aiai Precision Industry Co., Ltd. (stock ticker: 603580) has issued a public announcement clarifying its current business status and addressing market speculation.
Key Points from the Announcement
- Core Business Unchanged: The company's primary operations remain focused on light conveyor belts, precision metal structural parts, and electronic components. As of the announcement date, no significant changes have occurred in its main business.
- No Involvement in Indium Phosphide: Neither the company, the acquirer Shanghai Yusheng, nor its controlling shareholder are engaged in any indium phosphide-related businesses.
- No Near-Term Restructuring Plans: Shanghai Yusheng, its controlling shareholder Guangxi Yusheng, and the ultimate controller Yuan Yuan have confirmed that, as of now, they have no definitive plans within the next 12 months to:
- Sell, merge, or enter into joint ventures or cooperation arrangements involving the assets or business of the listed company or its subsidiaries
- Acquire or replace assets through a restructuring plan
Source
金十数据Neutral / independent
Part of this Story
Aiai Jinggong Says Company, Acquirer, and Parent Not Involved in Indium Phosphide Business