Zhong Guo Jing Ji Wang·2025-09-13 08:24Core Viewpoint - Shanghai Silicon Industry Group Co., Ltd. (沪硅产业) has received approval from the Shanghai Stock Exchange's M&A Review Committee for its asset purchase plan, indicating compliance with restructuring conditions and information disclosure requirements [1] Group 1: Transaction Details - The company plans to acquire stakes in New Ascend Crystal Technology (新昇晶投), New Ascend Crystal Science (新昇晶科), and New Ascend Crystal Smart (新昇晶睿) through a combination of issuing shares and cash payments [4][6] - The total transaction price for the acquisition is approximately 7.04 billion yuan [7] - The company intends to raise up to 2.105 billion yuan through a private placement to no more than 35 qualified investors, which will not exceed 100% of the asset purchase price [5] Group 2: Valuation and Payment Structure - The valuation of the equity stakes is as follows: New Ascend Crystal Technology at 396.18 million yuan, New Ascend Crystal Science at 776.80 million yuan, and New Ascend Crystal Smart at 281.30 million yuan [6] - The payment structure includes 6.72 billion yuan through share issuance and 324.07 million yuan in cash [6][8] - The share issuance price is set at 15.01 yuan per share, which is compliant with regulatory requirements [8] Group 3: Related Party Transactions - The transaction involves related parties, including directors and senior management of the company, as well as significant shareholders of the company [9] - The company has no controlling shareholder or actual controller before and after the transaction, ensuring no change in control [9] - CICC has been appointed as the independent financial advisor for this transaction [9]