An investment partnership in which Shanghai STAR Market-listed 3PEAK holds 38.58% has agreed to buy 86.98% of Ningbo Aura Semiconductor for RMB3.70bn, 3PEAK said in an exchange filing dated 7 November 2026.
Why Suzhou Tonghe Wanying Investment Co., Ltd. (wholly owned by Suzhou Tongxin Jiayuan Investment Partnership, in which 3PEAK holds 38.58%) is buying Ningbo Aura Semiconductor Co., Ltd. (86.98%)
3PEAK said it set up the partnership with industry partners to strengthen its position in semiconductors through industry-related investments. Ningbo Aura designs analogue and mixed-signal chips, built on clock products such as jitter-cleaning clocks, clock generators and programmable oscillators, and has extended into power-management and RF chips. It also licenses technology to companies including SiTime and onsemi.
Deal terms and financing
Suzhou Tonghe Wanying will pay RMB3,698.14m for 86.9792% of Ningbo Aura in two instalments of 20% and 80% once conditions are met. The valuation of RMB4.252bn for 100% discounted the chip business on a going-concern basis and counted only signed IP licensing contracts. Ningbo Aura's employee shareholding platform has given performance commitments backed by RMB900m of its after-tax proceeds, which it must use to buy 3PEAK shares within 12 months of payment.
Regulatory approvals and timing
Closing depends on conditions in the share transfer agreements, including the release of restrictions on the target's shares and no material adverse change before closing. 3PEAK said share transfers are under way but timing is uncertain.
Market context
Ningbo Aura reported revenue of RMB604.9m and net profit of RMB147.1m in 2025, according to the unaudited figures in the filing. Dealroom News said the deal values the company at less than half its pre-IPO valuation of 2021, and that an earlier plan by 3PEAK to acquire it collapsed in December 2025.
