UBTECH to take control of Fenglong Shares in buyout, stock hits daily limit
What's the deal? UBTECH Robotics is acquiring control of Zhejiang Fenglong Electric (Fenglong SharesDealroom has a profile for this one. Try Dealroom →), a Chinese maker of garden machinery and auto parts. On December 24, 2025, Fenglong's controlling shareholder agreed to transfer 65,529,906 shares — 29.99% of the company — to UBTECH, which will also launch a partial tender offer for a further 13.02%.
What changes? Once the transfer completes, UBTECH becomes the controlling shareholder, and the actual controller shifts from Dong Jiangang to Zhou Jian. The deal value was not disclosed.
Why now? Fenglong already sits at the intersection of two themes UBTECH cares about. It supplies control systems for robotic lawnmowers and aluminium die-cast parts to Changan AutomobileDealroom has a profile for this one. Try Dealroom →, and its concept tags include robotics, new-energy vehicles, and auto components.
By the numbers: The news moved the stock. On October 23, Fenglong hit its daily price limit on turnover of US$47.4M, a 4.81% turnover rate, and a total market value of US$1.16B. Net main-capital inflow reached US$5.36M that day.
The fundamentals: Fenglong's business is under pressure. For January to June 2026, it reported revenue of US$36.7M, up 6.48% year-on-year, but net profit attributable to shareholders swung to a loss of US$277.8K, down 113.16%. Machinery products make up 64.29% of revenue, electronic-control products 35.26%.
What's the endgame? UBTECH is a Shenzhen-based humanoid and service robotics firm. Taking control of a listed parts and control-systems maker gives it a manufacturing base and public-market footing as it scales output.
The signal: Chinese robotics firms are moving to lock up supply chains and listed vehicles rather than build from scratch. UBTECH's play for a component maker with existing automotive and robotics ties shows how the sector's consolidation is starting at the parts level.
Read more: sohu.com
Image credit: Generated with Gemini
