On May 6, Tianmai Technology disclosed its plans for issuing shares, paying cash to purchase assets, and raising supporting funds and related transactions.
According to the content of the plan, Tianmai Technology plans to acquire 96.45% of the shares of Shanghai Fenneng Automation Technology Co., Ltd.
The issuance price of this issuance of shares and payment of cash to purchase assets is 43.33 yuan per share. Supporting funds will also be raised. These funds will be used to pay the cash consideration, relevant taxes and intermediary agency fees for this transaction, and will supplement working capital.
Shanghai Fenneng Automation Technology Co., Ltd. is a high-tech enterprise focusing on the research and development, design, production and sales of intelligent manufacturing equipment.
It mainly provides complete sets of customized intelligent manufacturing solutions for downstream customers from the automotive electronics, consumer electronics and new energy industries, and belongs to the high-end manufacturing field.
In 2024 and 2025, the company’s operating income reached 402 million yuan and 452 million yuan respectively, and the net profits attributable to the owners of the parent company were 30.9549 million yuan and 48.5212 million yuan respectively, showing a good development trend.
Tianmai Technology stated that after the completion of this transaction, the company’s original main business related to urban bus overall solutions will continue to be carried out.
Based on the stable operation of its existing business, the company will quickly enter the high-prosperity track of industrial automation by investing in high-quality high-end manufacturing assets.
This move will further optimize the company’s asset structure and resource allocation efficiency, broaden the company’s future growth space, and continue to enhance the company’s core operating capabilities and long-term investment value.
The industrial automation track has developed rapidly in recent years and has broad market prospects.
Tianmai Technology’s acquisition of Shanghai Fenneng Automation Technology Co., Ltd. is an important step in its strategic layout.
By integrating the resources and advantages of both parties, Tianmai Technology is expected to achieve greater breakthroughs in the field of industrial automation.
On the one hand, Shanghai Fenneng’s technology and products can bring new business growth points to Tianmai Technology; on the other hand, Tianmai Technology’s market channels and customer resources can also provide strong support for the development of Shanghai Fenneng.
After applying to the Shenzhen Stock Exchange, Tianmai Technology shares will resume trading on May 7, 2026 (Thursday).
This news will undoubtedly attract widespread attention from the market, and investors will also pay close attention to Tianmai Technology’s subsequent development on the industrial automation track.
For Tianmai Technology, this acquisition is an opportunity and a challenge.
How to achieve effective integration of both parties and give full play to synergy will be a key issue that the company needs to solve in the future.
We believe that with the correct decisions of the company’s management and the joint efforts of all employees, Tianmai Technology can achieve excellent results in the field of industrial automation and create greater value for shareholders.
