TREE NEWS update: Sanxia New Material announced it will acquire no less than 53.14% of Zhuhai Saivei Electronic Materials Co. from sellers including Dai Xiaobing, Yili Investment, Hengwei Investment, Xue Yao and Lyu Haixia, paying with newly issued shares and cash. Trading in the company’s stock was suspended from the open on September 29, 2026, for an expected maximum of 10 trading days.
Sanxia New Material to Buy At Least 53.14% of Saivei, Shares Halted
The control premium here is notable: taking a majority stake rather than a full buyout leaves the target's existing owners with a continuing minority interest, which typically signals confidence in the asset and keeps some alignment. Using newly issued shares alongside cash also shifts part of the cost onto the acquirer's own equity, so the deal's real price depends on where those shares are valued at completion. The suspension caps the information vacuum at roughly two weeks; what the market learns about Saivei's financials and the share-issuance terms when trading resumes is the open question.
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