TIP Group(SH:605255) Jin Rong Jie·2025-11-24 11:12Core Viewpoint - Tianpu Co., Ltd. has seen a significant increase in stock price following the announcement of a mandatory takeover bid by Zhonghao Chip Ying, reflecting market expectations regarding the company's future performance post-acquisition [1][2]. Group 1: Stock Performance - On November 24, Tianpu's stock closed at 116 yuan, marking a 6.8% increase with a trading volume of 5.41 billion yuan [1]. - Since August 22, Tianpu's stock has surged by 348.24%, achieving a record of 15 consecutive trading days of gains [4]. Group 2: Acquisition Details - Zhonghao Chip Ying initiated a mandatory takeover bid on November 20, offering 23.98 yuan per share for up to 33.52 million shares, representing 25% of Tianpu's total equity [2][3]. - The takeover bid period lasts for 30 days, concluding on December 19 [2]. Group 3: Regulatory Compliance - The takeover is classified as a mandatory offer due to Zhonghao Chip Ying's prior acquisition of shares that triggered legal obligations [3]. - Zhonghao Chip Ying and its affiliates now control 68.29% of Tianpu's shares, surpassing the 30% threshold that necessitates a mandatory offer [3]. Group 4: Strategic Intent - The primary goal of the acquisition is to achieve industrial synergy by leveraging Tianpu's 8-inch automotive-grade chip production capacity and customer channels in the automotive electronics sector [5]. - Zhonghao Chip Ying has committed to maintaining Tianpu's independent legal status and operations post-acquisition, ensuring no plans to delist the company [5].