衢州发展“易主”后迎来首笔资产收购 拟购买热门标的先导电科

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].