收购事项的条款乃由订约方经参考以下各项后公平磋商协定：目标公司已发行股本51%的估值及代价乃 由独立估值师采用市场法厘定，主要透过(其中包括)将若干可比上市公司市盈率的中位数15.05应用于目 标公司截至估值日(即2025年9月30日)最近12个月的历史盈利计算得出，而上述可比上市公司的市盈率 乃以各相关可比公司于估值日的市值除以其最近12个月历史盈利计算得出;目标公司的过往业绩;目标公 司的综合资产净值;及目标集团的业务前景。由于收购事项是我们在电子商务领域迅速建立影响力的战 略步骤，董事认为收购事项将为集团带来策略裨益及商业优势。目标公司的电子商务直播专业知识与我 们的运营高度互补。通过共享销售渠道资源和增强的技术能力，我们双方可以共同实现显着的协同效 应，从而提高我们的运营效率，并使我们能够为客户提供更全面的产品组合。 宏基集团控股(01718)发布公告，于2025年11月25日，买方至健有限公司(公司全资附属公司)与卖方 WANYOU (GROUP) HOLDINGS LIMITED(作为卖方)、目标公司万有科技(香港)有限公司及卖方担保人 王汉强先生订立买卖协议，据此，卖方有条件同意出售，而买方有条 ...

收购事项的条款乃由订约方经参考以下各项后公平磋商协定：目标公司已发行股本51%的估值及代价乃 由独立估值师采用市场法厘定，主要透过(其中包括)将若干可比上市公司市盈率的中位数15.05应用于目 标公司截至估值日(即2025年9月30日)最近12个月的历史盈利计算得出，而上述可比上市公司的市盈率 乃以各相关可比公司于估值日的市值除以其最近12个月历史盈利计算得出;目标公司的过往业绩;目标公 司的综合资产净值;及目标集团的业务前景。由于收购事项是我们在电子商务领域迅速建立影响力的战 略步骤，董事认为收购事项将为集团带来策略裨益及商业优势。目标公司的电子商务直播专业知识与我 们的运营高度互补。通过共享销售渠道资源和增强的技术能力，我们双方可以共同实现显着的协同效 应，从而提高我们的运营效率，并使我们能够为客户提供更全面的产品组合。 智通财经APP讯，宏基集团控股(01718)发布公告，于2025年11月25日，买方至健有限公司(公司全资附 属公司)与卖方WANYOU (GROUP) HOLDINGS LIMITED(作为卖方)、目标公司万有科技(香港)有限公 司及卖方担保人王汉强先生订立买卖协议，据此，卖方有条件同 ...

格隆汇11月25日丨宏基集团控股(01718.HK)公告，于2025年11月25日，买方(至健有限公司)与卖方 (WANYOU (GROUP) HOLDINGS LIMITED)、目标公司万有科技(香港)有限公司及卖方担保人订立买卖 协议，据此，卖方有条件同意出售，而买方有条件同意购买销售股份，相当于目标公司已发行股本的 51%，总代价为1500万港元。 于完成后，目标公司将成为公司间接非全资附属公司，而目标集团的财务业绩、资产及负债将并入集团 的财务报表。 收购事项条款乃由订约方经参考以下各项后公平磋商协定：(i)目标公司已发行股本51%估值及代价乃由 独立估值师采用市场法厘定，主要透过(其中包括)将若干可比上市公司市盈率中位数15.05应用于目标公 司截至估值日(即2025年9月30日)最近12个月历史盈利("最近12个月历史盈利")计算得出，而上述可比上 市公司市盈率乃以各相关可比公司于估值日市值除以其最近12个月历史盈利计算得出；(ii)目标公司过 往业绩；(iii)目标公司综合资产净值；及(iv)目标集团业务前景。 由于收购事项是公司在电子商务领域迅速建立影响力的战略步骤，董事认为收购事项将为集团带 ...

科罗拉多州以及一些其他州已要求Pitts对与特朗普政府有关联的游说团体在该协议中所扮演的角色进行 调查，并评估该提议是否解决了美国司法部最初对这笔交易的担忧。民主党议员以及一些前司法部律师 也对这一协议提出了批评。 上周，美国司法部提出了新的条款，要求慧与科技将其即时连接无线网络业务出售给一家有实力的竞争 对手，并禁止慧与科技在十年内回购该业务。 在特朗普于今年 1 月就职后不久，美国司法部便提起诉讼，试图阻止这笔交易，理由是该交易将抑制竞 争，并导致只有两家公司——思科(CSCO.US)和慧与科技——能够控制超过 70%的美国网络设备市场。 美国司法部于 6 月同意撤回其指控，以换取惠普同意向竞争对手授权一些瞻博网络的人工智能技术，并 出售一个面向中小企业的业务部门。 智通财经APP获悉，一名法官在周二的听证会上表示，美国的一些州可以介入慧与科技(HPE.US)以 140 亿美元收购瞻博网络一案。美国司法部已提议对该案进行和解并让交易继续进行。加利福尼亚州圣何塞 的美国地方法官Casey Pitts表示，科罗拉多州及其他州可以对这笔交易发表意见，但他并未决定是否要 调查该交易达成的具体情况。 慧与科技的一位 ...

由于集团的众多客户位于美国，透过收购于越南经营高尔夫设备制造厂的目标公司，收购事项使得集团 可将在越南制造的高尔夫球产品(其出口关税低于中国出口)出口至美国，以减轻集团面临的关税负担， 保持集团高尔夫球业务的竞争力，提高集团的整体运营效率。 目标公司为一间于越南注册成立的外商直接投资单一股东有限公司，主要从事制造高尔夫球设备及相关 部件，并于越南经营一间高尔夫球设备制造厂。 香港联交所最新资料显示，11月13日，顺龙控股(00361)股东将股票由英皇证券香港转入交银国际证 券，转仓市值2.95亿港元，占比50.68%。 顺龙控股发布公告，于2025年10月14日，买方(顺龙高尔夫球制品有限公司，为公司的间接全资附属公 司)拟向卖方(希翱体育用品有限公司)收购Hio Pro(Vietnam)Sporting Goods Company Limited(目标公司)全 部注册章程资本615.20亿越南盾的全部实缴章程资本，代价为250万美元。 ...

瑞幸咖啡股东大钲资本正评估是否对可口可乐公司计划出售的 Costa Coffee提出收购要约。目前任何收购方案的具体结构尚未最终确定，也不清楚大钲资本是否会亲自竞标，还是会通过瑞幸咖啡进行收购。🗒️可口可乐CEO James Quincey在财报电话会上提到Costa业务“还没有达到想要的投资假设”。 https://t.co/r8azrZr7RG外汇交易员 (@myfxtrader):星巴克宣布，与中国另类资产管理公司博裕投资达成战略合作，双方将成立合资企业，共同运营星巴克在中国市场的零售业务，目标将门店数量增加至20000家。 https://t.co/OBiu48uDrg ...

Core Viewpoint - Warner Bros. Discovery (WBD) has initiated a review of strategic alternatives due to unsolicited interest from multiple parties in acquiring the company or its Warner Bros. studio division, resulting in a more than 11% increase in shares during midday trading [1]. Group 1: Strategic Review and Options - The board of Warner Bros. Discovery will evaluate various options, including the planned split into two independent companies, Warner Bros. and Discovery Global, or the potential sale of all or parts of the business [2]. - The separation is on track for completion by mid-2026, as initially announced earlier this year [2]. Group 2: Market Position and CEO Statements - CEO David Zaslav emphasized the company's efforts to adapt to the evolving media landscape, focusing on strategic initiatives, restoring industry leadership in studios, and expanding HBO Max globally [3]. - Zaslav noted the increasing recognition of the company's portfolio value in the market, prompting the comprehensive review of strategic alternatives to maximize asset value [4]. Group 3: Bidding Interest and Competitive Landscape - Reports indicate that Paramount Skydance has shown interest in acquiring all of Warner Bros. Discovery's assets, including HBO and CNN, aiming to enhance its scale in streaming and advertising [5]. - Analysts suggest that a merger could create a top-five global player with approximately 200 million streaming subscribers and up to $20 billion in annual TV ad revenue [5]. - Warner Bros. Discovery has reportedly rejected multiple bids from Paramount, with Netflix and Comcast also emerging as potential bidders [6]. Group 4: Financial Context and Challenges - The company is navigating the aftermath of its 2022 merger between WarnerMedia and Discovery, which resulted in over $40 billion in debt, and is under pressure to reduce costs amid increasing competition from cord-cutting and streaming services [7].

Core Viewpoint - Bank of America reports that JD Logistics (02618) plans to acquire JD Group-SW's (09618) local instant delivery service business for approximately $270 million, which is considered an attractive acquisition price as it is below the forecasted price-to-earnings ratio of 12.8 to 21 times for franchise express operators in 2025 [1] Summary by Category - **Acquisition Details** - JD Logistics intends to acquire the local instant delivery service for about $270 million [1] - The acquisition price is equivalent to 52% of the $520 million that JD Group paid to privatize Dada Group in June this year [1] - **Valuation and Ratings** - Bank of America maintains a "Buy" rating on JD Logistics with a target price of HKD 16 [1] - The valuation of JD Logistics is deemed attractive, with expectations of a rebound in net profit in the fourth quarter, which could act as a catalyst for the stock price [1]

Core Viewpoint - Bank of America reports that JD Logistics plans to acquire JD Group-SW's local instant delivery service business for approximately $270 million, which is considered an attractive price compared to the forecasted price-to-earnings ratio of 12.8 to 21 times for franchise express operators in 2025 [1] Summary by Sections Acquisition Details - JD Logistics is set to acquire the local instant delivery service business from JD Group-SW for about $270 million, which is 52% of the $520 million privatization price of Dada Group in June this year [1] Valuation and Ratings - Bank of America maintains a "Buy" rating for JD Logistics with a target price of HKD 16, citing attractive valuation and potential for a rebound in net profit in the fourth quarter, which could act as a catalyst for the stock price [1]

Core Viewpoint - The article discusses the significant drop in Occidental Petroleum's stock price following the announcement of Berkshire Hathaway's acquisition of its chemical subsidiary, OxyChem, for $9.7 billion, highlighting market reactions and implications for both companies [3][5][9]. Group 1: Stock Performance - Occidental Petroleum's stock price fell by 7.31% to $44.23 per share after initially rising over 2% in pre-market trading [3]. - The market's reaction indicates concerns over the impact of the sale on Occidental's future cash flow [7]. Group 2: Acquisition Details - Berkshire Hathaway announced it would acquire OxyChem for $9.7 billion in cash, which is seen as a strategic move to enhance its portfolio [5][9]. - The acquisition is expected to complement Berkshire's existing businesses and aligns with Warren Buffett's investment strategy of acquiring quality assets at lower prices [7]. Group 3: Financial Implications - Occidental plans to use $6.5 billion from the transaction to reduce its debt, aiming to meet its target of keeping debt principal below $15 billion by December 2023 [8]. - The deal is projected to close in the fourth quarter of 2025, pending regulatory approvals [8]. Group 4: Historical Context - This acquisition marks Berkshire's largest since 2022 and its first foray into the chemical sector since acquiring Lubrizol for approximately $10 billion in 2011 [9]. - Berkshire currently holds about 27% of Occidental's outstanding shares, making it the largest shareholder [9].