Telink Semiconductor(Shanghai) (SH:688591) 中国基金报·2025-08-29 23:24Core Viewpoint - The article discusses the acquisition of 100% equity of Shanghai Pankei Microelectronics by Tailin Micro (688591.SH) through a combination of share issuance and cash payment, with the stock set to resume trading on September 1, 2025 [2]. Group 1: Acquisition Details - Tailin Micro plans to acquire the entire equity of Pankei Micro from 26 parties, including STYLISH, through share issuance and cash payment [4]. - The company will raise matching funds through an inquiry method, with the total amount not exceeding 100% of the asset transaction price, and the number of shares issued not exceeding 30% of the total share capital before the issuance [4]. - The raised funds will be used for cash consideration, intermediary fees, taxes, and to supplement working capital or repay debts, with a cap of 25% of the asset transaction price for working capital and debt repayment [4]. Group 2: Financial Performance of Target Company - Pankei Micro specializes in low-power wireless IoT chip R&D and sales but has not yet achieved profitability, with losses of 42.01 million yuan and 32.40 million yuan in 2023 and 2024, respectively [6]. - In the first half of 2025, Pankei Micro reported revenue of 75.69 million yuan but a loss of 213.14 thousand yuan [7]. Group 3: Strategic Implications - The acquisition is expected to enhance Tailin Micro's product offerings in the low-power Bluetooth sector and create a comprehensive IoT wireless connection platform [7]. - Tailin Micro's revenue for the first half of 2025 was 503 million yuan, a 37.72% increase year-on-year, with a net profit of 101 million yuan, up 274.58% [9]. - The transaction will not change the control of Tailin Micro, which remains under the control of Wang Weihang [10].