Taizhou Mingxinrui Enterprise Management Co., Ltd. agreed to acquire Taizhou Mingxin Microelectronics Co., Ltd. from Daheng New Epoch Technology Inc. (SHSE:600288) for CNY 30.03 million on April 16, 2024. The consideration consists of CNY 30.03 million in cash. As part of the consideration, CNY 30.03 million was paid towards common equity.

Taizhou Mingxin Microelectronics reported total assets of CNY 92.06 million and net liability of CNY 124.72 million as on January 31, 2024.