康欣新材收购宇邦半导体方案调整：估值下调20% 现金支出减少4500万

Core Viewpoint - The company has adjusted its acquisition plan for Wuxi Yubang Semiconductor Technology Co., Ltd., reducing the pre-investment valuation and modifying key terms of the deal to better protect the interests of small investors [1] Group 1: Acquisition Details - The company initially planned to acquire 51% of Yubang Semiconductor for 392 million yuan, but after negotiations, the valuation was lowered from 688 million yuan to 550.4 million yuan, which is 80% of the original valuation [1] - The adjusted plan involves the company acquiring 48.46% of Yubang Semiconductor's pre-investment equity for 267 million yuan and subscribing to an additional registered capital of 80 million yuan, totaling an investment of 347 million yuan, which is a reduction of 44.96 million yuan from the original plan [1] - The company's ownership stake will increase from 51% to 55% following the adjustments [1] Group 2: Terms and Conditions - The core team's service period and non-compete period have been extended by 2 years, totaling 7 years from the date of delivery [1] - A new performance commitment clause has been added, requiring that by the end of 2028, 90% of the net accounts receivable must be collected by the end of 2031, with cash compensation required for any shortfall [1] - If the accounts receivable are collected later, the full amount will be returned, and the assessment timeline can be applied for early review [1]