出资超四成参与收购长龄液压控制权，江阴国资有望 “一箭三雕”，玩转招商引资、资本运作和风险控制组合拳！

Group 1 - The core event involves the acquisition of Longling Hydraulic by the unicorn company Core Chip Interconnect, which has significantly impacted the capital market, with Longling Hydraulic's stock price increasing nearly 520% since its resumption of trading [1][2] - Longling Hydraulic's latest market capitalization exceeds 60 billion yuan, while Core Chip Interconnect is valued at 15 billion yuan [1] - The acquisition structure includes a two-step process where Core Chip Interconnect and its partners will invest a total of 21.13 billion yuan to acquire 41.99% of Longling Hydraulic's shares [3][4] Group 2 - The first step involves a share transfer agreement where Core Chip Interconnect will acquire 24.99% of Longling Hydraulic's shares for approximately 12.38 billion yuan, and another partner will acquire 5% for about 2.48 billion yuan [4] - The second step includes a partial tender offer for an additional 12% of shares at a price of 36.24 yuan per share, totaling around 6.27 billion yuan [4] - The funding for this acquisition is primarily sourced from Core Chip Interconnect's own funds and loans, with Jiangyin State-owned Assets contributing over 40% of the total investment [6][7] Group 3 - Jiangyin State-owned Assets aims to create a model for local state-owned enterprises to acquire control of listed companies while addressing past issues in such transactions [2][9] - The acquisition is expected to stabilize Longling Hydraulic's operations and provide a platform for future capital operations, including potential asset injections from Core Chip Interconnect [11][13] - Longling Hydraulic has shown stable financial performance, with revenues around 8.96 billion yuan in 2022 and a net profit of approximately 1.27 billion yuan, indicating a solid foundation for future growth [12] Group 4 - The transaction is seen as a strategic move to enhance local economic development by integrating the chip design and hydraulic manufacturing sectors, potentially leading to significant synergies [13][14] - Jiangyin's investment in Core Chip Interconnect is part of a broader strategy to develop a robust semiconductor industry cluster, with the goal of creating a billion-level integrated circuit industry park by 2028 [15][16] - The deal is structured to allow for a smooth exit strategy for Jiangyin State-owned Assets, enabling them to capitalize on the growth of both Longling Hydraulic and Core Chip Interconnect [14][16]