Core Viewpoint - Zhonglian Development Holdings (00264) has announced a non-binding memorandum of understanding to acquire up to 100% of Longteng Semiconductor Co., Ltd., with a potential transaction value estimated between HKD 4.5 billion and HKD 9 billion [1] Group 1: Company Announcement - Zhonglian Development Holdings' stock rose over 5%, reaching HKD 2.61 with a trading volume of HKD 10.5592 million [1] - The company aims to acquire a maximum of 100% equity in Longteng Semiconductor, including 24.81% directly held by the seller, who is the largest shareholder and chairman of the target company [1] - The proposed transaction is subject to agreement by the parties and will be detailed in a final formal agreement [1] Group 2: Industry Context - 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 company is classified as a "little giant" enterprise by the Ministry of Industry and Information Technology, indicating its significance in the industry [1] - The acquisition is expected to enhance Zhonglian Development's market share in the power semiconductor consumer market and expand its business scope [1]
港股异动 | 中联发展控股(00264)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