Xingshuaier to Buy PCB Tool Maker Xiangying New Materials for 840M Yuan, Shares Halted

The deal carries Xingshuaier into PCB tooling and consumables, a supply chain tied to electronics and, increasingly, to the hardware buildout around AI and datacenter infrastructure. The structure matters as much as the price: share issuance plus cash keeps the seller exposed to the listed vehicle, while the three-year cumulative profit commitment puts the earn-out risk on the target's founders. The open question is whether the halted shares resume on schedule within the stated window, and how the market prices the combined entity once the plan lands.