Core Viewpoint - Zhonglian Development Holdings (00264) intends to acquire up to 100% equity of Longteng Semiconductor Co., Ltd., with a proposed transaction value between HKD 4.5 billion and HKD 9 billion, subject to final agreement [1][2] Group 1: Company Overview - The target company is a leading provider of power semiconductor devices and system solutions, recognized as a key player in China's semiconductor and integrated circuit industry [1] - The target company is also classified as a "Little Giant" enterprise by the Ministry of Industry and Information Technology of China, indicating its significance in the industry [1] Group 2: Market Context - China is the largest consumer market for power semiconductors, accounting for nearly half of the global market share, but the localization rate of mid-to-high-end products remains relatively low [2] - The proposed acquisition is seen as a strategic move to enhance market share in the power semiconductor consumption market, leveraging the target company's industry experience and capital vision [2]
中联发展控股拟向龙腾半导体股东收购其最多100%股权