Group 1 - The company Zhonglian Development Holdings (00264.HK) has signed a memorandum of understanding with independent third party Xu Xichang to acquire up to 100% equity in Longteng Semiconductor Co., Ltd, a key player in the semiconductor and integrated circuit industry in Shaanxi Province [2] - The seller Xu Xichang, who is the largest single shareholder and chairman of the target company, holds 24.81% of the target company's shares and is willing to facilitate communication for other shareholders to sell their shares to the company [2] - The estimated acquisition cost is between 4.5 billion to 9 billion HKD, which will be settled through cash and/or issuance of consideration shares [2] Group 2 - The target company is a comprehensive power semiconductor enterprise engaged in research and development, production, and sales [4] - 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 is relatively low [4] - The company believes that the proposed transaction will help expand its business scope and increase its market share in the power semiconductor consumption market [5]
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