人民财讯12月26日电，晶赛科技(920981)12月26日公告，公司26日与安徽铜峰电子（600237）股份有限 公司签署《产权交易合同》，通过公开摘牌方式收购铜陵市峰华电子有限公司(简称"峰华电子")100%股 权，交易价格为1元，同时公司为峰华电子承担4187.17万元债务。 晶赛科技称，峰华电子是一家主要从事石英晶振产品生产、研发及销售的企业。此次交易是基于未来发 展和规划做出的审慎决策，有助于公司进一步拓展业务布局、增强市场竞争力。 ...

12月25日深夜，水井坊公告，今日，公司关注到有媒体报道称 "某酒企拟收购水井坊"，为避免相关市 场传闻对社会各界和投资者造成误导， 现予以澄清说明。经公司核查，上述报道不属实。 二级市场上，水井坊今日涨停。推动这波行情的，是一则突然在市场流传的并购传闻："剑南春拟收购 水井坊"。 | ( G | 水井坊(600779) | | | | --- | --- | --- | --- | | 闭市 12-25 15:00:03 通 融 | | | | | 39.80 | 额 4.29亿 股本 4.88亿 市盈 35.80 | | 万得 | | +3.62 +10.01% 换 2.28% 市值 194亿 市净 3.85 | | | 當回 | | 分时 五日 日K | 周K 月K | 自家 | | | 盖加 | 均价: 38.61 | 盘口 | 省金 | | 39.80 | 10.01% | 卖5 | 0 | | 34,18 m | 94 0 00% 关I | | 0 0 | | | 23 | | 0 | | | 至2 | | 0 | | | 27 | 39.80 | 6326 | | | 买2 | 39.79 | ...

12月25日深夜，水井坊公告，今日，公司关注到有媒体报道称 "某酒企拟收购水井坊"，为避免相关市场传闻对社会各界和投资者造成误导， 现予以澄 清说明。经公司核查，上述报道不属实。 二级市场上，水井坊今日涨停。推动这波行情的，是一则突然在市场流传的并购传闻："剑南春拟收购水井坊"。 | ( 日 | 水井坊(600779) | | | | | | --- | --- | --- | --- | --- | --- | | | 闭市 12-25 15:00:03 通 融 | | | | | | 39.80 | 额 4.29亿 股本 4.88亿 市盈 35.80 | | 万得 | | | | +3.62 +10.01% 换 2.28% 市值 194亿 市净 3.85 | | | 盘口 | | | | 分时 | 五日 日Ｋ 周Ｋ 月Ｋ | | | | | | 叠加 | 均价:38.61 盘口 资金 | | | | | | 39.80 | 10.01% 卖5 == | | | | O | | | 24 | | | | O | | | 卖3 | | | | 0 | | | 重2 | | | | O | | | 0 000/ ...

证券日报网12月25日讯，涪陵榨菜（002507）在接受投资者提问时表示，拓品类是公司中长期发展规划 的重要举措，公司拟通过并购方式切入复合调味料赛道。味滋美作为主营B端的复调企业，在针对B端 的产品与渠道均相对成熟，同时其正在推出C端产品，公司的C端渠道优势能够支持味滋美C端产品快速 入市，若并购成功，公司与味滋美将在产品品类及渠道上达成互补双赢；后续经过双方对收购协议对价 等核心条款商讨，双方未达成一致意见，并购项目无法继续开展；未来公司将持续保持关注，若时机合 适将继续推动并购事项。 ...

Core Viewpoint - The company plans to issue shares and pay cash to acquire 100% equity of Hangzhou Gao Ye Jia You Duo Duo Cat Pet Food Co., Ltd. from 19 trading parties, while also raising matching funds, which is expected not to constitute a related party transaction, major asset restructuring, or restructuring listing [1] Group 1 - The company’s stock will be suspended from trading starting October 14, 2025, and is set to resume trading on October 27, 2025 [1] - As of the announcement date, due diligence, auditing, and valuation work related to the transaction have not been completed [1] - The transaction is subject to approval from the board of directors, shareholders' meeting, and regulatory authorities [1]

Core Viewpoint - Gaozheng Minbao is acquiring 100% equity of Heilongjiang Overseas Minbao for 510 million yuan to enhance production capacity in key regions, with a significant valuation increase of 831.80% [1] Group 1: Acquisition Details - The acquisition involves a total payment of 510 million yuan, with Gaozheng Minbao contributing 341.7 million yuan for 67% equity and the associated party contributing 168.3 million yuan for the remaining 33% [1] - The acquisition will allow Gaozheng Minbao to gain control over Overseas Minbao, which will be included in the company's consolidated financial statements [1] - The transaction has been approved by the company's board, with related directors abstaining from voting, and will be submitted for shareholder approval [1] Group 2: Financial Performance and Projections - Overseas Minbao has a production capacity of 31,000 tons of industrial explosives and is projected to generate 148 million yuan in revenue and 40.17 million yuan in net profit in 2024, with a 15.59% increase in net profit for the first ten months of 2025 [2] - Gaozheng Minbao's revenue for the first three quarters of this year was 1.26 billion yuan, a year-on-year increase of 7.53%, with a net profit growth of 13.68% [2] - The company anticipates achieving 1.81 billion yuan in revenue and 210 million yuan in total profit for the year 2025 [2] Group 3: Industry Context - The acquisition aligns with the "14th Five-Year" plan for the safe development of the civil explosive industry, which encourages leading enterprises to restructure and optimize industry layout [2] - The production and sales value of explosives in the Tibet region is expected to grow significantly, with increases of 38.67% and 37.34% respectively from January to November 2025 [3] - Major companies in the Tibet region with explosive production capabilities include Gaozheng Minbao and others [3]

近日，孩子王儿童用品股份有限公司（以下简称"孩子王"）向港交所递交招股书，寻求二次上市，如今，距离孩子王正式登陆深圳证券交易所创业板仅四年 时间，而据招股书介绍，此番上市"输血"将用于产品创新及丰富专有产品组合；扩大销售及服务网络及品牌推广；战略收购及投资；提高数字化及智能化能 力；营运资金及一般企业用途。 招股书中并未提到具体的募资金额及各个用途的资金分配情况，需要注意的是，从招股书内容来看，孩子王近年来密集的并购动作使其商誉及资产负债率双 双上涨，针对于此次募集资金是否会用于填补债务"窟窿"等相关问题，南都记者尝试联系孩子王方面了解具体情况，截至发稿未收到回复。 收入依赖单一品类，奶粉业务拖累整体毛利率 从此前业绩来看，招股书显示，2022年、2023年、2024年，孩子王收入分别为85.2亿元、87.53亿元、93.37亿元，毛利分别为25.29亿元、25.57亿元、27.6亿 元，毛利率分别为29.7%、29.2%、29.6%，利润分别为1.204亿元、1.206亿元、2.05亿元，营收和利润均保持增长，毛利率则始终未能突破30%。 2024年及2025年前三季度，孩子王收入分别为67.98亿元和73 ...

Core Viewpoint - The article discusses the concept of "breakup fees" in corporate mergers and acquisitions, likening them to prenuptial agreements in marriages, highlighting their increasing prevalence in cross-border deals, particularly involving Chinese companies [1][2][8]. Group 1: Breakup Fees in Mergers - The concept of breakup fees serves as a form of compensation for either party in a merger if the deal falls through, with the fees being categorized as either breakup fees (for the seller) or reverse breakup fees (for the buyer) [1][2]. - Since the 2008 financial crisis, over 85% of cross-border mergers involving Chinese buyers have included such breakup fee agreements, a significant increase from less than half before 2010 [2]. - In the case of Netflix's proposed acquisition of Warner Bros., the breakup fee was set at $2.8 billion to prevent Warner from pursuing other offers, while Netflix's reverse breakup fee was $5.8 billion, primarily to cover regulatory disapproval risks [3][4]. Group 2: Case Studies of Breakup Fees - Haier's acquisition attempt of GE Appliances included a tiered reverse breakup fee structure, with amounts varying based on the reason for regulatory disapproval, reflecting a calculated risk approach [4][5]. - Ant Financial's attempt to acquire MoneyGram involved a relatively modest breakup fee of $30 million, which was ultimately paid when the deal fell through due to regulatory scrutiny [5]. - China National Chemical Corporation's acquisition of Syngenta included an $8.48 billion breakup fee, which was reduced from an initial $15 billion, indicating the buyer's concern over deterring higher bids from competitors [7]. Group 3: Trends and Observations - Larger deals, valued over $10 billion, tend to have lower breakup fee percentages compared to smaller transactions, suggesting that the size of the companies involved influences the negotiation dynamics [6]. - The breakup fee in the failed $19.5 billion deal between Chinalco and Rio Tinto was approximately $1.95 billion, representing only 1% of the total deal value, which aligns with the trend of lower fees in larger transactions [6]. - The increasing complexity and scale of cross-border mergers indicate that Chinese companies are evolving from inexperienced participants to more strategic players in the global M&A landscape [8].

12月23日，领益智造发布公告，披露公司收购江苏科达斯特恩汽车科技股份有限公司（简称"江苏科达"）控制权的最新进展。目前，公司已完成相关交割程 序，以2.4亿元现金成功收购江苏科达60%股权，标的公司正式成为领益智造控股子公司并纳入合并报表范围。 比例保持不变，分别为4.11%、4.11%、2.56%、1.54%；而浙江万里扬企业管理有限公司等其余5名交易对方则通过本次交易完全退出江苏科达股东行列。 领益智造表示，此次完成股权交割后，江苏科达已正式纳入公司合并报表范围，后续将依托双方资源协同，推动相关业务发展。 据悉，此次收购源于领益智造对原购买资产方案的调整。2025年11月7日，领益智造审议通过《关于调整购买资产方案的议案》，决定将原"发行可转换公司 债券及支付现金购买资产并募集配套资金"的方案，调整为以现金方式收购江苏科达控制权，同时向深交所申请撤回原交易申请文件。调整后，交易对方及 收购控制权的核心目标保持不变，仅优化交易作价与支付方式，以更好保障公司及中小股东权益。 2025年12月，领益智造全资子公司领益科技（深圳）有限公司（简称"领益科技"）与江苏科达的6名股东正式签订《资产购买协议》。交易对方 ...

在可能收购事项完成后，公司将有效整合目标公司在嵌入式系统及模块领域的优势资源。目标公司在中 国市场长期维持领先地位，坐拥较高的市场份额及享有良好的品牌声誉。目前，集团尚未在该产品线开 展大规模业务。通过该并购，公司将迅速完善其嵌入式及模块产品线，进一步提高整体产品组合的完整 度及市场竞争力。 智通财经APP获悉，容大科技(09881)尾盘涨超16%，截至发稿，涨15.59%，报15.2港元，成交额392.98 万港元。 消息面上，容大科技宣布，拟以不超过人民币6500万元的代价收购深圳市研科数码有限公司的全部已发 行股本。公告显示，研科数码主要从事打印设备的研发及生产。 ...