SG Micro, the Chinese analogue chip designer listed in Shenzhen and Hong Kong, said on 26 October 2026 that it would pay RMB832.7m in cash for 58.29% of Shanghai Sensylink Microelectronics.
Why SG Micro Corp is buying Shanghai Sensylink Microelectronics Co., Ltd. (58.2878%)
SG Micro described the deal as a horizontal integration within analogue chips. Sensylink designs sensor and mixed-signal chips, including temperature sensors, temperature and humidity sensors, digital interface chips and digital-to-analogue converters, used in industrial, networking and computing, medical and wearable products.
Deal terms and financing
SG Micro signed the share transfer agreement with 27 vendors and a guarantor on 26 October. The price referred to an independent valuation of RMB1,432.56m for the whole of Sensylink at 30 June 2026. Half of each vendor's consideration is payable within 10 business days of conditions being met, and the deal is funded from internal resources, borrowings and/or proceeds of SG Micro's Hong Kong listing.
Regulatory approvals and timing
The deal is a discloseable transaction under Hong Kong listing rules and does not constitute a major asset restructuring in mainland China; it required board approval only.
Market context
According to unaudited accounts in the filing, Sensylink made an after-tax profit of about RMB14.5m on revenue of RMB150.0m in the first half of 2026, having lost about RMB50.5m after tax in 2024. SG Micro listed in Hong Kong in June 2026, according to MarketScreener.
