On June 16, Shangfeng Cement Cloth announced that the company had established a private equity investment fund, Suzhou Puda, through a wholly-owned subsidiary, Ningbo Shangrong Logistics Co., Ltd. The initial public offering and listing application of Shanghai Super Silicon Semiconductor Co., Ltd. was accepted by Shanghai Stock Exchange on June 13, 2025.
Shanghai Super Silicon is mainly engaged in the research and development, production and sales of 300 mm and 200 mm semiconductor silicon wafers. It plans to publicly issue no more than 208 million shares and raise 4.965 billion yuan, accounting for no less than 15% of the total equity after issuance. Ningbo Shangrong, as a limited partner, invested 326 million yuan to hold 99.69% of the investment share of Suzhou Puda, which invested 100 million yuan in Shanghai Super Silicon in November 2022 through a 55.25% stake in Suzhou Xinguang Venture Capital Partnership. By the announcement date, Suzhou Xinguang held 10.9 million shares of Shanghai Super Silicon, with a shareholding ratio of 0.93%. The final approval and implementation of the public offering is uncertain.
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