Core Viewpoint - The company, now named Quzhou Development, has announced a significant acquisition plan to purchase shares of Xian Dao Electronic Technology Co., Ltd. from Guangdong Xian Dao Rare Materials Co., Ltd. This marks the first acquisition since the company was restructured under state-owned assets and renamed [1][2]. Group 1: Acquisition Details - Quzhou Development plans to acquire shares of Xian Dao Electronic Technology, currently in the planning stage with no signed agreements yet, leading to uncertainty about the transaction's implementation [1]. - The company's stock will be suspended from trading starting July 30, 2025, for a period not exceeding 10 trading days to protect investor interests [1]. - The stock price of Quzhou Development has seen a significant increase, rising from May 28 to July 29, prior to the acquisition announcement [2]. Group 2: Background of Xian Dao Electronic Technology - Xian Dao Electronic Technology, established in July 2017, is a subsidiary of Xian Dao Technology Group, primarily engaged in the manufacturing of chemical raw materials and products [2][3]. - The company has attracted substantial investment, completing a Series A financing round of 1.4 billion yuan (approximately 14 billion) at the end of 2021, followed by a Series B round of 4.5 billion yuan (approximately 45 billion) in September 2022 [3]. Group 3: Previous Acquisition Attempts - Prior to Quzhou Development's interest, Guangzhi Technology attempted to acquire 100% of Xian Dao Electronic Technology in October 2022 but ultimately terminated the deal in June 2023 due to disagreements with some transaction parties [3]. - The proposed acquisition by Guangzhi Technology was referred to as a "snake swallowing an elephant" deal, as Guangzhi's market value was only around 3 billion yuan (approximately 30 billion) while Xian Dao Electronic Technology was valued at 20 billion yuan (approximately 200 billion) [3].

Core Viewpoint - The company, Quzhou Development, is planning a significant transaction involving the acquisition of shares in Xian Dao Electronic Technology Co., Ltd. from its current shareholders, including Guangdong Xian Dao Rare Materials Co., Ltd. [1][7] Group 1: Company Overview - Quzhou Development is primarily engaged in real estate and technology investment, with a focus on high-tech sectors such as blockchain, big data, artificial intelligence, smart manufacturing, and new materials [7]. - Xian Dao Electronic Technology Co., Ltd. was established on July 12, 2017, with a registered capital of approximately 478 million yuan, specializing in the manufacturing of chemical raw materials and products, including ITO targets and evaporation materials [4][5]. Group 2: Transaction Details - The company announced a suspension of its stock trading starting July 30, with an expected duration of no more than 10 trading days [2]. - The acquisition is still in the planning stage, with no formal agreements signed yet, and it requires internal approvals and regulatory clearance before proceeding [7]. Group 3: Market Position - Xian Dao Electronic Technology Co., Ltd. is recognized as a significant supplier of sputtering targets in China, with a competitive presence in the international market [6]. - As of July 29, Quzhou Development's stock price was 4.12 yuan per share, with a market capitalization of 35.1 billion yuan [7].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600208 证券简称：衢州发展 公告编号：2025-042 衢州信安发展股份有限公司 关于筹划发行股份购买资产并募集配套资金的停牌公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 （一）交易对方 ■ （二）交易标的 重要内容提示： ● 证券停复牌情况：适用 因筹划发行股份购买资产事项,本公司的相关证券停复牌情况如下： ■ 一、停牌事由 公司正在筹划涉及本公司的重大事项。公司拟通过发行股份等方式购买广东先导稀材股份有限公司持有 的先导电子科技股份有限公司（以下简称"先导电科"）的股份，有意购买先导电科其他股东持有的股份 并募集配套资金（以下简称"本次交易"）。目前本次交易正在筹划阶段，相关方案尚未最终确定。 为保证公平信息披露，维护投资者利益，避免造成公司股价异常波动，依据《上海证券交易所股票上市 规则》《上海证券交易所上市公司自律监管指引第 4 号一一停复牌》等有关规定，申请本公司股票（证 券简称：衢州发展；证券代码：600208）自2025年7月30日（星期三 ...

证券代码：600208 证券简称：衢州发展 公告编号：2025-042 衢州信安发展股份有限公司 关于筹划发行股份购买资产并募集配套资金的停牌公 告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 证券停复牌情况：适用 因筹划发行股份购买资产事项,本公司的相关证券停复牌情况如下： 停牌 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | | | | | 期间 | | | 一、停牌事由 公司正在筹划涉及本公司的重大事项。公司拟通过发行股份等方式购买广东 先导稀材股份有限公司持有的先导电子科技股份有限公司（以下简称"先导电科"） 的股份，有意购买先导电科其他股东持有的股份并募集配套资金（以下简称"本 次交易"）。目前本次交易正在筹划阶段，相关方案尚未最终确定。 为保证公平信息披露，维护投资者利益，避免造成公司股价异常波动，依据 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 ...

Core Viewpoint - Quzhou Development plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. (Xian Dao Dian Ke) through a share issuance and raise matching funds, following a previous failed acquisition attempt by Guangzhi Technology [2][4][8]. Group 1: Acquisition Details - Quzhou Development announced a suspension of trading starting July 30, with an expected duration of no more than 10 trading days. As of July 29, the stock price was 4.12 yuan per share, with a total market capitalization of 35.06 billion yuan [4][8]. - The acquisition involves purchasing shares held by Guangdong Xian Dao Rare Materials Co., Ltd. (Xian Dao Xi Cai), which owns 46.957% of Xian Dao Dian Ke, as well as shares from other shareholders including China International Capital Corporation, BYD, and various state-owned enterprises [11][13]. - The previous acquisition attempt by Guangzhi Technology was terminated due to disagreements on commercial terms, raising concerns about the challenges Quzhou Development may face in its acquisition process [14][15]. Group 2: Financial Performance - Quzhou Development recently announced a projected decline in net profit for the first half of 2025, estimating a drop of 86% to 210 million yuan, with a 75% decrease in net profit after deductions [17][21]. - The company aims to leverage the acquisition of Xian Dao Dian Ke to enhance its financial performance, as its revenue primarily comes from real estate, which has cyclical and phased characteristics [21][23]. - Xian Dao Dian Ke is recognized as a "unicorn" with a valuation exceeding 20 billion yuan, specializing in the research and manufacturing of sputtering targets and evaporation materials, holding over 30% of the global ITO target market share [4][23].

Core Viewpoint - The company Quzhou Development, formerly known as Xinhu Zhongbao, has announced a significant acquisition plan to purchase shares of Xian Dao Electronic Technology Co., Ltd. from its current shareholders, marking its first major move since being restructured under state-owned assets [1][2]. Group 1: Company Background - Xinhu Zhongbao was previously a well-known private real estate company in Zhejiang, which underwent a change in control to Quzhou Industrial Group, a state-owned entity, and was renamed Quzhou Development [2]. - The company faced a decline in contract sales from 297.36 billion yuan in 2021 to 29.25 billion yuan in 2023, indicating a severe cash flow issue and prompting the shift to state ownership [2]. Group 2: Acquisition Details - Quzhou Development plans to acquire shares of Xian Dao Electronic Technology through a share issuance and is currently in the planning stage, with no binding agreements signed yet [1][2]. - The stock of Quzhou Development has seen a significant increase of over 30% from May 28 to July 29, prior to the announcement of the acquisition [2]. Group 3: Market Context - Xian Dao Electronic Technology has been a hot project in the new materials and semiconductor equipment sector, having raised substantial funds in previous financing rounds, including 14 billion yuan in A-round and 45 billion yuan in B-round financing [3][4]. - The previous attempt by Guangzhi Technology to acquire Xian Dao Electronic Technology was halted due to disagreements among parties involved, highlighting the challenges in such high-stakes acquisitions [4].

Core Viewpoint - Quzhou Development plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. (Xian Dao Electric) through a share issuance and raise matching funds, following a failed acquisition attempt by Guangzhi Technology just a month prior [1][9]. Group 1: Acquisition Details - Quzhou Development intends to purchase shares held by Guangdong Xian Dao Rare Materials Co., Ltd. (Xian Dao Rare Materials), which owns 46.957% of Xian Dao Electric, and is also interested in acquiring shares from other shareholders [5][7]. - The acquisition plan is similar to Guangzhi Technology's previous attempt, which was terminated due to disagreements on commercial terms [9]. Group 2: Financial Context - As of July 29, Quzhou Development's stock price was 4.12 yuan per share, with a total market capitalization of 35.06 billion yuan [1]. - Quzhou Development recently announced a projected decline in net profit for the first half of 2025, estimating a drop of 86% year-on-year to 210 million yuan [9][12]. Group 3: Xian Dao Electric's Market Position - Xian Dao Electric is valued at over 20 billion yuan and specializes in the research and manufacturing of sputtering targets and evaporation materials, with applications in new displays, photovoltaics, semiconductors, precision optics, data storage, and specialty glass [1][15]. - The company holds over 30% of the global market share in ITO (Indium Tin Oxide) targets, ranking first worldwide [15].

7月29日晚，衢州发展（600208）（600208）发布《关于筹划发行股份购买资产并募集配套资金的停牌 公告》称，公司正在筹划涉及公司的重大事项，拟通过发行股份等方式购买广东先导稀材股份有限公司 持有的先导电子科技股份有限公司（以下简称"先导电科"）的股份，有意购买先导电科其他股东持有的 股份并募集配套资金。 根据公告，公司股票自7月30日开市起停牌，预计停牌时间不超过10个交易日。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | | | | 600208 | 衢州发展 | A 股 停牌 | 2025/7/30 | | | | 图片来源：公司公告 资料显示，先导电科成立于2017年7月12日，注册资本约4.78亿元，是一家以从事化学原料和化学制品 制造业为主的企业，经营范围包括平板及旋转氧化铟锡靶材（ITO靶材）、ITO蒸发材料及中间产品氧 化铟等。 | | 平板及旋转氧化钢锡靶材(ITO 靶材)、ITO 蒸发材料及中间 | | --- ...

7月29日晚，衢州发展（600208）发布《关于筹划发行股份购买资产并募集配套资金的停牌公告》称，公司正在筹划涉及公司的重大事项，拟通过发行股 份等方式购买广东先导稀材股份有限公司持有的先导电子科技股份有限公司（以下简称"先导电科"）的股份，有意购买先导电科其他股东持有的股份并募 集配套资金。 根据公告，公司股票自7月30日开市起停牌，预计停牌时间不超过10个交易日。 | | | 图片来源：公司公告 资料显示，先导电科成立于2017年7月12日，注册资本约4.78亿元，是一家以从事化学原料和化学制品制造业为主的企业，经营范围包括平板及旋转氧化 铟锡靶材（ITO靶材）、ITO蒸发材料及中间产品氧化铟等。 | | 平板及旋转氧化钢锡靶材(ITO 靶材)、ITO 蒸发材料及中间 产品氧化钢、氢氧化钢、ITO 粉末、ITO 丸、钢、锡、硅、钨、 | | --- | --- | | | 铬、镍、钮、二氧化钛、硅铝、锡锢、锌铝、镍钨、镍钨包、 | | | 镍铬合金化合物靶材等大面积镀膜材料、铜钢锌硒、硫化铝、 | | 经营范围 | 硫锡锌硒多元化合物等薄膜太阳能材料及靶材、钉、镍铂、铬 | | | 钻铂硼等磁存储记录功能 ...

Group 1 - The company, Qizhou Development, announced plans to acquire shares of Xian Dao Electronic Technology Co., Ltd. from Guangdong Xian Dao Rare Materials Co., Ltd. and other shareholders, while also raising matching funds [2] - The transaction is currently in the planning stage, with no final scheme determined yet. The company will actively advance necessary approvals and reviews during the suspension period, which is expected to last no more than 10 trading days [2] - Xian Dao Electronic Technology is a subsidiary of Xian Dao Group, focusing on the research, production, sales, and recycling of sputtering targets and evaporation materials for vacuum coating [2] Group 2 - Recent trading activity for Qizhou Development has seen a significant increase in transaction volume, with notable amounts of 1.209 billion, 1.870 billion, and 1.42 billion yuan on July 10, 11, and 14 respectively [3] - Since the increase in trading volume on July 10, the stock has risen over 30% [3]