Aug 22 – Telink Micro (688591) plans to acquire Panqi Micro via shares and cash, with supporting funds to be raised.
It has signed a preliminary equity acquisition intent with Panqi Micro’s major shareholders; final price will be negotiated post-evaluation. The deal isn’t expected to be a major asset reorganization, related transaction, or change actual control.
To protect investors, Telink’s shares (688591) will suspend trading from Aug 25, 2025, for up to 10 days due to deal uncertainties.
Telink focuses on wireless IoT SoC R&D/sales; Panqi Micro (founded 2010, Shanghai-based, with Suzhou/Shenzhen R&D) designs smart IoT/industrial internet chips.
Telink warned the deal is still in planning: counterparties, formal agreements, and approvals (company/regulatory) are pending, with uncertainties.
ICgoodFind: Telink’s planned Panqi Micro acquisition marks a new layout, drawing market focus.
