Core Viewpoint - Zhonglian Development Holdings (00264) has seen a stock price increase of over 5%, currently trading at HKD 2.61, following the announcement of a non-binding memorandum of understanding to acquire up to 100% of Longteng Semiconductor Co., Ltd. [1] Group 1: Acquisition Details - The company intends to acquire up to 100% equity of Longteng Semiconductor, including 24.81% directly held by the seller, Xu Xichang, who is the largest shareholder and chairman of the target company [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] Group 2: Strategic Rationale - The group is actively seeking to expand its business, and 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 acquisition is believed to enhance the group's market share in the power semiconductor consumer market and further broaden 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