独家｜稚晖君，目标赴港上市

Core Viewpoint - The acquisition of a listed company by Zhiyuan Robotics is seen as a significant move towards enhancing its capital market presence, with plans for a future IPO in Hong Kong remaining unchanged [1][17]. Group 1: Acquisition Details - The acquisition consists of two main steps: first, a share transfer where Zhiyuan Robotics will acquire 24.99% and 5% of the shares of the listed company, totaling approximately 7.84 billion and 1.57 billion respectively, at a price of 7.78 yuan per share [3][4]. - Following the share transfer, Zhiyuan will initiate a tender offer for an additional 37% of the shares at the same price, amounting to a total consideration of about 11.61 billion [4]. - Ultimately, Zhiyuan and its affiliates will hold 63.62% of the listed company, achieving absolute control [5]. Group 2: Strategic Implications - The acquisition is expected to create business synergies and enable Zhiyuan to inject more quality assets into the listed company, facilitating internal incubation and accelerating commercialization in various application fields [5][17]. - This transaction marks a significant milestone for Zhiyuan Robotics, being the first major acquisition by a general robotics company in the capital market, which could serve as a reference for similar companies [5][9]. Group 3: Market Context - The move is perceived as a new pathway for companies with sufficient cash and promising business prospects to enter the capital market, especially given the lengthy process of traditional IPOs [16]. - Other robotics companies are also preparing for IPOs, with several already submitting applications to list in Hong Kong, indicating a competitive landscape in the robotics sector [19][20].