Jingzhida raises $430M in first STAR Market placement under new rules
What's the deal? Shenzhen Jingzhida TechnologyDealroom has a profile for this one. Try Dealroom → completed an A-share private placement on China's STAR Market, raising US$392.8M. Guotai HaitongDealroom has a profile for this one. Try Dealroom → served as sole sponsor for the deal, announced in September 2026.
What does the company do? Jingzhida makes testing equipment and system solutions for new-display devices. Its products handle optical, display-defect, and electrical function testing, plus calibration and repair in the manufacturing of AMOLED and similar displays.
Why now? The round is the first STAR Market placement to disclose a plan, file, win acceptance, and complete issuance since the Shanghai Stock Exchange rolled out its package of refinancing measures in February.
What's the endgame? Jingzhida is extending into semiconductor memory testing equipment. Its tools target wafer testing, package testing, and burn-in repair for DRAM and other memory devices, aiming to raise yields, cut production losses, and supply process data.
The signal: As the first completed placement under the exchange's revamped refinancing rules, the deal signals a reopening path for Chinese hardware companies seeking capital to scale domestic chip and display manufacturing.
Image credit: Generated with Gemini
