MENGTIAN(SH:603216) Mei Ri Jing Ji Xin Wen·2025-11-19 00:03Core Viewpoint - The acquisition plan of Shanghai Chuantou Microelectronics Co., Ltd. by Dream Home Furniture has been terminated due to a lack of consensus among the parties involved in the negotiations [2][4]. Group 1: Acquisition Plans - Dream Home Furniture announced plans to acquire control of Chuantou Micro through a combination of share issuance and cash payment, while also raising matching funds [2]. - The company emphasized that the planned transfer of control by the actual controller is not a prerequisite for the acquisition of Chuantou Micro [3]. - After discussions, the parties involved could not reach an agreement on key terms, leading to the decision to terminate both the acquisition and control transfer plans [4]. Group 2: Company Performance - Dream Home Furniture, listed in 2021, specializes in customized wooden furniture design, research, production, and sales, with its "Dream" brand being well-known for wooden door products [5]. - For the first three quarters of the year, the company reported revenue of 773 million, a year-on-year decrease of 2.93%, and a net profit attributable to shareholders of 56.3 million, an increase of 37.60% [5]. - In the third quarter, the company achieved revenue of 289 million, a year-on-year decrease of 4.13%, while the net profit attributable to shareholders was 21.1 million, up 31.22% year-on-year [5]. Group 3: Chuantou Microelectronics - Chuantou Micro, established in 2016, offers products across three main lines: isolation and interface, drive and power, and high-performance analog products, with applications in various sectors including industrial control and automotive electronics [5][6]. - By the end of 2024, Chuantou Micro is recognized as a national-level specialized and innovative "little giant" enterprise [6]. - The company has undergone multiple rounds of financing, with a recent C and C+ round raising several hundred million, led by major investors including BYD and SAIC Group [6]. Group 4: Share Transfer Agreement - On November 18, Dream Home Furniture disclosed a share transfer agreement where its controlling shareholder, along with other parties, agreed to transfer 15.2845 million shares, representing 6.8636% of the total shares, to Jiaxing Huixin [7]. - Prior to the transfer, the controlling shareholder held 74.54% of the company's shares, which will decrease to 67.68% post-transfer [7]. - The total transaction price for the shares is approximately 194 million, with a per-share transfer price of 17.4592, while the closing price before the suspension was 15.70 [7].