TOREAD(SZ:300005) Bei Jing Shang Bao·2025-12-01 11:21Core Viewpoint - The company, Tuanluo, plans to acquire 51% stakes in Shenzhen Betlai Electronics Technology Co., Ltd. and Shanghai Tongtu Semiconductor Technology Co., Ltd. for a total of 678 million yuan, aiming to expand its market reach and improve profitability [1]. Group 1: Acquisition Details - Tuanluo intends to use its own funds of 321 million yuan to acquire 51% of Betlai and 357 million yuan for 51% of Shanghai Tongtu [1]. - The acquisitions do not constitute related party transactions or major asset restructuring, and they can be implemented upon approval by the board of directors without needing a shareholder meeting [1]. Group 2: Company Profiles - Betlai, established in 2011, is a national high-tech enterprise focused on the design of mixed-signal chips and solutions, with key products including fingerprint recognition chips, touch chips, and dedicated MCU chips [1]. - Shanghai Tongtu, founded in 2012, specializes in IP technology licensing and chip design, with significant innovations in image and video processing and high-definition smart display technologies [1]. Group 3: Strategic Implications - The acquisitions will allow Tuanluo to extend its coverage into broader consumer electronics markets, more reliable industrial control markets, and higher value-added emerging markets, while optimizing its customer structure and improving profitability [1]. Group 4: Financial Position - As of the end of the third quarter of 2025, Tuanluo reported approximately 764 million yuan in cash on its balance sheet [2]. Group 5: Market Performance - On December 1, Tuanluo's stock rose by 1.02%, closing at 11.85 yuan per share, with a total market capitalization of 10.47 billion yuan [3].