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Statistics released by the Shanghai Stock Exchange recently showed that in the nearly two months since the release of the "Eight Measures for the Science and Technology Innovation Board", mergers and acquisitions on the Science and Technology Innovation Board have been active, with 14 merger and acquisition cases already completed.

Exterior view of the Shanghai Stock Exchange. (Photo provided by the Shanghai Stock Exchange)

On June 19, the China Securities Regulatory Commission issued the "Eight Measures on Deepening the Reform of the Science and Technology Innovation Board to Serve Technological Innovation and the Development of New Productivity". The "Eight Measures for the Science and Technology Innovation Board" proposed to establish and improve a "green channel" for equity and debt financing, mergers and acquisitions, and restructuring of "hard technology" companies that are engaged in key core technology research, sending a clear signal of greater support for mergers and acquisitions.

On the evening of August 14, Sanyou Medical issued an announcement that it plans to purchase the remaining equity of Beijing Shuimu Tianpeng Medical Technology Co., Ltd. by issuing shares and paying cash. This has also become another new merger and reorganization case on the Science and Technology Innovation Board after the release of the "Eight Articles of the Science and Technology Innovation Board". Prior to this, many Science and Technology Innovation Board listed companies such as Puyuan Jingdian, Haier Bio, and Xinmai Medical have released merger and acquisition plans. According to the announcements of various companies, mergers and acquisitions are mainly to enhance the advantages of products, technologies, intellectual property rights, management systems, etc., and enhance the company's sustainable operating capabilities and market competitiveness.

The Shanghai Stock Exchange said that after the release of the "Eight Measures for the Science and Technology Innovation Board", the number of mergers and acquisitions on the Science and Technology Innovation Board has increased significantly compared with the same period last year, and the disclosed transaction amount has exceeded 3 billion yuan. It is expected that with the support of favorable policies, the activity of industrial mergers and acquisitions on the Science and Technology Innovation Board will continue to heat up, and more mergers and acquisitions and restructuring cases in the "hard technology" field will continue to land. (Reporters Yao Junfang and Pan Qing)

(Source: Xinhua News Agency)

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