Swancor Advanced Materials (SH:688585) 新华网财经·2025-07-10 11:35Core Viewpoint - The acquisition of Shangwei New Materials by Zhiyuan Robotics is under speculation, with the company denying any plans for an IPO in Hong Kong despite market rumors [1]. Group 1: Acquisition Details - Zhiyuan Robotics plans to establish a holding platform with its core team to acquire control of Shangwei New Materials through a combination of agreement transfer and tender offer [5]. - Upon completion of the equity transaction, the controlling shareholder of Shangwei New Materials will change to Shanghai Zhiyuan Hengyue Technology Partnership (Limited Partnership), co-held by Zhiyuan Robotics and its management team [1][5]. - This transaction, if successful, could become a landmark acquisition case for new productivity enterprises in the A-share market since the implementation of the "National Nine Articles" and "Merger Six Articles" [6]. Group 2: Market Reaction - Following the announcement, the stock price of Shangwei New Materials experienced two consecutive days of trading limit increases [4]. - The current market value of Shangwei New Materials is reported at 4.522 billion [2].