雷递网 雷建平 12月11日 孩子王儿童用品股份有限公司（简称："孩子王"）日前递交招股书，准备在港交所上市。 孩子王2021年10月在深交所上市，发行价为5.77元，发行数量为1.09万股，募资总额为6.3亿元。 截至目前，孩子王股价为9.77元，市值约123亿元。一旦在港股上市，孩子王将形成"A+H"股的格局。 孩子王2025年第三季度营收为24.38亿元，同比增长7%；净利为6602万元，同比增长28%；扣非后净利为4109万元，同比增长26%。 前9个月营收73.49亿 期内利润2.29亿 孩子王主要从事母婴童业务，包括销售母婴童产品以及提供儿童发展及育儿服务。为了将孩子王的产品扩展到母婴童业务之外，孩子王于2025年7月收购 了丝域集团，以扩展到头皮及头发护理市场。 具体为，孩子王通过控股子公司江苏星丝域投资管理有限公司（简称"江苏星丝域"）现金收购珠海市丝域实业发展有限公司（简称"丝域实业"）100%股 权，最终确定转让价格为16.5亿元，其中孩子王投资10.725亿元。 丝域实业已完成相关工商变更登记手续，孩子王间接持有丝域实业 65%股权，丝域实业成为公司的控股子公司。 丝域实业成立于2014 ...

Core Viewpoint - The bidding war for Warner Brothers Discovery is expected to continue, with both Paramount and Netflix as potential bidders, highlighting the asset's significant value in the media landscape [1][2]. Company Analysis - Warner Brothers Discovery is considered a "crown jewel" asset in the media industry, with its acquisition potentially benefiting either bidder significantly in their future growth trajectories [2]. - The current bids reflect not only the standalone value of Warner Brothers but also the strategic advantages it could provide to the acquiring company, including keeping it out of competitors' hands [2][4]. Financial Considerations - The valuation of linear assets is debated, with estimates suggesting a worth of $2 to $2.25 billion, indicating a relatively small disagreement in price between the bids, approximately 20% [3][5]. - The financial structure of Warner Brothers includes substantial debt, which complicates the valuation and acquisition discussions, emphasizing the importance of framing linear assets in terms of enterprise value [5]. Strategic Implications - For Paramount, acquiring Warner Brothers could transform it into a more competitive player in the streaming market, addressing its subscale business challenges [7]. - For Netflix, acquiring Warner Brothers would enhance its content creation capabilities and mitigate the risk of facing another scaled competitor in the streaming space [7][8].

Core Viewpoint - The company Wan Shun New Materials (300057) announced the acquisition of 100% equity in Eurofoil Luxembourg S.A. from Aluminium Investment Company Limited for a cash consideration of €12.3889 million, enhancing its position in the aluminum processing industry [1] Company Summary - Wan Shun New Materials is a leading player in the aluminum processing industry, focusing on aluminum foil and aluminum plate and strip as core business areas [1] - The acquisition of Eurofoil Luxembourg will help the company mitigate the impact of international trade protection policies [1] - Eurofoil Luxembourg has a complete production line for aluminum foil and aluminum plate and strip, with a good reputation in the European market [1] Industry Summary - The acquisition is expected to increase the company's brand influence and market share in the aluminum foil and aluminum plate and strip sectors [1]

董事会认为，收购事项是本集团战略发展的重要一步，旨在将其生产设施扩展至其他亚洲国家，以满足 客户不断变化的需求。本集团计划在目标公司现有营运基础上提升管理效率并整合资源。收购事项将使 本集团于越南拥有自有生产设施，此举将提升本集团生产设施的灵活性，从而更完善地服务客户。基于 上述因素，董事会认为收购事项符合本公司及其股东的整体利益，并与本集团的长期战略目标相契合。 目标公司Momentum Industrial （Vietnam） Limited为一间根据越南法律注册成立的有限公司，主要从事 制造电讯、医疗保健、家庭自动化及工业电子元件。 来源：新浪港股 华讯（00833）发布公告，于2025年12月9日，本公司（作为买方）与卖方动能创科有限公司（作为卖 方）订立买卖协议，据此，卖方有条件同意出售而本公司有条件同意购买目标公司51%的投入资本，代 价为200万美元。于完成后，目标公司将成为本公司的间接非全资附属公司，其财务业绩、资产及负债 亦将并入本集团的财务报表。 ...

Core Viewpoint - Paramount Skydance has made a cash offer of $30 per share to acquire Warner Bros. Discovery (WBD), valuing the company at $1,084 billion, surpassing Netflix's previous offer of $827 billion [1][2] Group 1: Acquisition Details - Paramount's offer represents a 139% premium over WBD's unaffected stock price, while Netflix's offer of $27.75 per share is seen as unstable and complex [2] - Paramount's proposal encompasses all of WBD's businesses, unlike Netflix's focus on film and streaming assets [2] - Paramount expresses confidence in obtaining rapid regulatory approval for its proposal, contrasting with the lengthy approval process anticipated for Netflix's plan [2] Group 2: Strategic Implications - David Ellison, a key figure in Paramount, argues that their offer provides a more straightforward and valuable option for WBD shareholders compared to the cash and stock combination proposed by Netflix [2] - Paramount aims to strengthen Hollywood by supporting theatrical releases and investing in WBD's creative capabilities, which aligns with the interests of the creative community and cinema industry [3] Group 3: Financial Backing and Support - The acquisition proposal is backed by $40 billion in cash guarantees from the Ellison family and RedBird Capital, along with $54 billion in debt commitments from major financial institutions [3] - Paramount's confidence in regulatory approval may be bolstered by connections to political figures, including support from Jared Kushner's private equity firm [4][5] Group 4: Market Dynamics - The ongoing competition between streaming platforms and Hollywood has raised concerns among industry professionals regarding job security and market concentration following Netflix's acquisition announcement [3] - Former President Trump's comments on the potential market impact of Netflix's acquisition highlight the scrutiny that large transactions may face from regulatory bodies [5]

就在几个月前，韩国钢铁巨头POSCO也曾被广泛报道考虑竞购HMM。而随着HMM经营状况改善，其估值水涨船高，最新预估收购价格可能将 在54亿至68亿美元之间。 韩国开发银行和韩国海洋商业公司至今未就重启出售流程作出表态，也尚未给出任何时间表。 韩国媒体近日披露，在距离上一次收购尝试失败已将近两年之后，全球第八大集装箱班轮公司、韩国最大船公司HMM的私有化探索再次出现动 向。 韩国《每日经济新闻》报道称，韩国食品与物流巨头Dongwon Group已决定重启对HMM的收购可行性研究。 明年将是韩国政府出手拯救原"现代商船"（Hyundai Merchant Marine，后更名为HMM）的第10年。当时韩国开发银行（KDB）与韩国海洋商业 公司（KOBC）入主成为HMM大股东。随着HMM近年来重返盈利并开启新一轮扩张计划，政府官员多次公开表示，国家资金应投向更适合的 领域，因此有意加速推进HMM的私有化。 早在2022年，韩国政府就曾正式启动HMM出售程序。Dongwon Group当时参与竞标，但最终以约42亿美元的报价位列第二，比由Harim集团与 私募基金JKL Partners组成的竞标财团低1亿美元。 ...

派拉蒙天舞总裁大卫·埃里森的父亲是美国顶级富豪，甲骨文创始人拉里·埃里森，大卫埃里森和他妹妹都是重度电影迷，很早就开始投资电影行业 派拉蒙的宣布，正值Netflix 与WBD 于上周五揭露双方已签署具约束力协议，Netflix 将以720 亿美元买下华纳兄弟影业、HBO 与HBO Max（企业价值827 亿美元）。 依照派拉蒙说法，其全现金收购提案对应的企业价值达1084 亿美元（包含承担债务）。相较之下，Netflix 的方案则采用"波动性高且结构复杂"的组合， 以 每股 27.75 美元的估值（23.25 现金＋4.5 美元股票），并依Netflix 未来股价表现而变动，对应企业价值为827 亿美元（不含电视业务）。 派拉蒙正式开启对华纳兄弟的恶意收购 大卫·埃里森（David Ellison）在追求拿下华纳兄弟探索（Warner Bros. Discovery, WBD）的行动上，显然不打算悄悄退场。 周一，埃里森旗下的派拉蒙天舞（Paramount Skydance）宣布，已正式启动全现金公开收购，以每股30 美元的价格买下华纳兄弟探索所有流通在外的股份 ——与 12 月1 日递交给WBD 董事会的提 ...

搜狐娱乐讯 在上周流媒体巨头Netflix官宣与华纳兄弟达成收购合议、开始收购进程后，派拉蒙突然宣布开始对华纳兄弟探索已发行股份以每股30美元价格 实行全现金要约收购，等同企业价值1084亿美元，即试图以更高价格直接跟股东交易。 此极富攻击力的举动自然是为了从Netflix手中抢夺华纳，此前竞标失败的派拉蒙会做计划恶意收购被媒体形容为"预料之中"，已有风声。 另据媒体消息，Netflix预期在12至18个月内完成收购，但知情人士称，反垄断审查可能让进程拖长。按美国《华尔街日报》说法，司法部预计将调查这笔收 购，已开始考虑收购将如何巩固网飞在业内的统治地位。一些白宫官员也对收购表达担忧。 《华尔街日报》称，网飞与HBO Max流媒体平台在美国订阅流媒体市场的合计份额约为30%，而美国司法部自2023年起规定，如果直接竞争对手经合并后 市场份额超过30%，合并被推定为非法。司法部一般需经由调查决定是否干预收购，调查至少历时10个月。 ...

智通财经APP获悉，在周一派拉蒙天舞(PSKY.US)宣布以每股 30 美元的现金价格对华纳兄弟探索频道 (WBD.US)发动敌意收购之后，华纳兄弟股票的期权交易迎来了有史以来第二繁忙的一天。然而，一个 明显的迹象是，交易员们并未进行对该公司的长期前景的押注。 公告称，派拉蒙的这笔出价对应1084亿美元的企业价值。除非收购要约被延长，否则现有股东需要在明 年1月8日前决定是否交出股票。而就在上周五，奈飞(NFLX.US)宣布将以每股27.75美元的价格(约827亿 美元的总企业价值)收购华纳兄弟，包括其电影和电视制作部门、HBO Max 和 HBO 等业务。奈飞表示 将维持华纳兄弟现有的运营模式;此次交易的总股权价值约为 720 亿美元。 派拉蒙天舞是最先对华纳兄弟探索抛出橄榄枝的。派拉蒙天舞此前曾提出约600亿美元的收购要约，但 在10月遭到了华纳兄弟探索董事会的拒绝，后者随后启动了正式的出售程序。派拉蒙天舞计划对华纳兄 弟探索全部资产进行收购，报价从最初的每股约20美元逐步提升至23.5美元，最新收购方案是每股24美 元、80%现金加20%股票，但被华纳兄弟探索以"严重低估公司价值"为由拒绝。 而在最新的 ...

Market Overview - U.S. stocks exhibited mixed trading patterns, with the Dow Jones index declining approximately 100 points, down 0.22% to 47,847.37, while the NASDAQ increased by 0.29% to 23,645.65, and the S&P 500 fell slightly by 0.01% to 6,869.75 [1] - Information technology shares experienced a rise of 0.8%, while communication services stocks decreased by 1.1% [1] Company News - International Business Machines Corporation (NYSE:IBM) has agreed to acquire Confluent (NYSE:CFLT) for $31 per share [2] Commodity Market - Oil prices fell by 1.3% to $59.30, gold decreased by 0.4% to $4,228.20, silver dropped 0.8% to $58.58, and copper fell by 0.4% to $5.44 [5] European Market - European shares were mostly lower, with the eurozone's STOXX 600 down 0.1%, while Spain's IBEX 35 Index rose by 0.1%. London's FTSE 100 fell by 0.2%, Germany's DAX 40 gained 0.3%, and France's CAC 40 decreased by 0.2% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei rising by 0.18%, Hong Kong's Hang Seng declining by 1.23%, China's Shanghai Composite increasing by 0.54%, and India's BSE Sensex falling by 0.71% [7] Notable Stock Movements - Cemtrex, Inc. (NASDAQ:CETX) shares surged by 154% to $7.80 - Wave Life Sciences Ltd. (NASDAQ:WVE) shares increased by 85% to $13.80 following positive interim Phase 1 data for its obesity drug WVE-007 - Treasure Global Inc. (NASDAQ:TGL) shares rose by 63% to $41.39 after raising its FY26 revenue target - SMX (Security Matters) Public Limited Company (NASDAQ:SMX) shares dropped by 48% to $172.36 after a previous jump of 135% - BiomX Inc. (NYSE:PHGE) shares fell by 37% to $3.2401 after discontinuing its Phase 2b trial for BX004 - Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) shares decreased by 34% to $9.25 due to an announcement of delisting from Nasdaq [10]