Core Viewpoint - Zhonglian Development Holdings (00264) has seen a significant increase in stock price, rising over 5% following the announcement of a potential acquisition of up to 100% of Longteng Semiconductor Co., Ltd. [1] Group 1: Acquisition Details - The company has entered into a non-binding memorandum of understanding with Xu Xichang, the largest shareholder and chairman of the target company, to acquire a maximum of 100% equity in Longteng Semiconductor [1] - The proposed transaction is expected to cost between HKD 4.5 billion and HKD 9 billion, based on the latest financing valuation of the target company [1] - The final agreement will require mutual consent from the parties involved and will be detailed in a formal contract [1] Group 2: Strategic Rationale - The group is actively seeking to expand its business operations [1] - Longteng Semiconductor is a leading provider of power semiconductor devices and system solutions, recognized as a key player in the semiconductor and integrated circuit industry in Shaanxi Province, China [1] - The target group possesses a core team with industry experience and capital vision, which is expected to effectively increase market share in the power semiconductor consumer market [1]
中联发展控股午后涨超5% 近日拟向龙腾半导体股东收购股权 进一步拓展集团业务