Luxshare takes control of Jingxi International via parent-stake deal
What's the deal? Luxshare Precision IndustryDealroom has a profile for this one. Try Dealroom → has become the ultimate controlling shareholder of Hong Kong-listed Jingxi InternationalDealroom has a profile for this one. Try Dealroom → (02339), after acquiring the full equity of parent group Jingxi ZhixingDealroom has a profile for this one. Try Dealroom →. The deal completed on October 8, 2026. Terms were undisclosed.
How it works: Jingxi Zhixing holds more than 50% of voting shares in Jingxi BeijingDealroom has a profile for this one. Try Dealroom →, which — through wholly owned subsidiaries — controls 769 million shares, or about 59.50% of Jingxi International's total issued shares. By buying Jingxi Zhixing outright, Luxshare now indirectly holds that 59.50% stake.
Why now? All preconditions of the sale agreement were met or waived, triggering completion. Luxshare is listed on both the Shenzhen Stock Exchange (002475) and the main board of the Hong Kong exchange (02475).
What changes? Luxshare applied to China's securities regulator to confirm it need not make a mandatory general offer to minority shareholders. Under the takeover code's chain-principle provisions, the regulator confirmed the deal will not trigger a mandatory full offer.
The signal: Luxshare, an established contract manufacturer, is extending its reach through an indirect controlling stake rather than a direct bid — a structure that sidesteps a full buyout obligation. For Jingxi International's minority shareholders, control has shifted hands while their holdings stay in place.
Read more: sohu.com
Image credit: U.S. Agency for International Development
