A股700亿巨头，重大资产重组终止

Core Viewpoint - Chip Origin Co., Ltd. (688521) announced the termination of its planned major asset restructuring, which involved acquiring a stake in Chip Lai Zhi Rong Semiconductor Technology Co., Ltd. [1][4] Group 1: Termination of Asset Restructuring - The company had previously signed a share acquisition intention agreement with major shareholders of the target company, planning to purchase a total of 97.0070% equity in Chip Lai Zhi Rong through a combination of share issuance and cash payment [3]. - The termination was due to discrepancies between the core demands of the target company's management and the market environment, policy requirements, and the interests of the company and its shareholders [4]. Group 2: New Investment Initiative - Simultaneously with the termination announcement, the company plans to invest in Tian Sui Xin Yuan Technology (Shanghai) Co., Ltd. to acquire control of Zhu Dian Semiconductor (Shanghai) Co., Ltd. [5]. - The new investment will involve an increase in registered capital of 94 million yuan, with Chip Origin contributing 20 million yuan in equity and 35 million yuan in cash [5]. - Following the investment, Chip Origin will hold a 40% stake in Tian Sui Xin Yuan, becoming its largest single shareholder and gaining control over the majority of the board seats [5]. Group 3: Market Performance - The company's stock price has seen significant growth, with a more than 7% increase on December 12, and a cumulative rise of over 180% year-to-date, leading to a market capitalization of 78.4 billion yuan as of December 12 [5].