三问“稚晖君们”

Core Viewpoint - The article discusses the remarkable stock performance of Shangwei New Materials following the acquisition by Zhiyuan Robotics founder Deng Taihua, highlighting a record-breaking 20cm limit-up streak in the A-share market [2][3]. Group 1: Stock Performance - Shangwei New Materials has achieved a staggering increase of over 500% since the announcement of the acquisition on July 9, with a record of nine consecutive 20cm limit-up days [2][3]. - The stock's performance metrics include a total trading volume of 54.61 million shares and a trading value of 2.175 billion [4]. Group 2: Acquisition Details - The acquisition involves a three-step strategy to secure a 66.99% stake in Shangwei New Materials, which is seen as a strategic move to consolidate control [6][7]. - Zhiyuan Hengyue, a newly established entity, is set to acquire 37% of the company's shares, raising its total stake to 66.99% alongside Zhiyuan New Venture [8][9]. Group 3: Financial Considerations - The acquisition funding, amounting to approximately 1.161 billion, is not fully secured yet, with plans to source funds through bank loans [14][15]. - A performance guarantee deposit of 232 million has been made, covering 20% of the maximum required funds for the acquisition [15]. Group 4: Strategic Implications - The move to acquire a controlling stake is seen as a way to facilitate future capital operations and asset integration, potentially benefiting minority shareholders [9][10]. - The article raises questions about why Zhiyuan Robotics, a well-funded company with a valuation of 15 billion, would pursue this acquisition instead of opting for an independent IPO [18][19].