Tianqi Simulates Acquisition of 60% Stake in Dongshi to Gain Control and Drive Business Synergy

On February 12, 2026, Tianjin Automotive Die & Mold Co., Ltd. ("Tianqimo") resumed trading after several days of suspension, with its share price surging to the daily trading limit following initial volatility. The previous evening, the company announced plans to acquire a 60% stake in Dongshi Co., Ltd.—a leading automotive parts manufacturer—through a combination of share issuance and cash payment. Upon completion of the transaction, Tianqimo will gain absolute control over Dongshi. As China's leading automotive die and mold manufacturer, this marks Tianqimo’s third attempt to acquire Dongshi, whose scale and profitability significantly surpass its own. The revised acquisition plan better aligns with Tianqimo’s current financial condition, helping alleviate its funding pressures. The deal also promises strong business synergies: Tianqimo can enhance Dongshi’s capabilities in mold design, while Dongshi can help Tianqimo expand its downstream sales channels. Additionally, the transaction offers Dongshi an indirect route to a public listing.