A股首例竞争性要约收购迎来关键时刻。 5月7日，随着金帝石油要约期限届满，预受要约的股份数量未达到本次要约收购生效条件要求的数 量，即不足5.44亿股（占ST新潮股份总数的 8.00%），本次要约收购自始不生效，故金帝石油对ST新潮 的要约收购失败。 这也意味着，金帝石油与伊泰B股对ST新潮发起的竞争性要约告一段落，金帝石油已"出局"。 目前，投资者仍可以继续参与伊泰B股发起的部分要约，预受要约收购有效期为2025年4月23日至 2025年5月22日。要约收购价格为3.4元/股，较ST新潮停牌前股价3.21元/股，有近6%的溢价。 上海证券报记者采访了解到，虽然ST新潮目前因年报延期停牌，且已被中国证监会立案调查，但 停牌及立案调查暂时不影响ST新潮正在进行的要约收购。 产业资本接二连三盯上ST新潮，显然是看上ST新潮在境外的巨量油田资产。既然停牌及立案调查 都无碍要约，有投资者就发问：会否再出现新的要约收购方？出更高价钱加入"抢筹战"？ 金帝石油"出局" 记者从上交所了解到，截至5月7日，金帝石油发起的要约收购预受要约股份总数为963.2万股，占 公司总股本的比例约0.14%，未达到本次要约收购生效条件要求 ...

Core Viewpoint - Sanan Optoelectronics plans to acquire 100% equity of Lumileds Holding B.V. for $239 million, aiming to enhance its position in the high-end automotive and flash lighting markets [2][8] Group 1: Acquisition Details - The acquisition involves a joint investment with Inari, where Sanan will hold 74.5% and Inari 25.5% in a newly established Hong Kong joint venture [2] - The total investment for the joint venture is $280 million, which will cover the acquisition price and operational costs of Lumileds [2] - Following the acquisition, Sanan will indirectly own 74.5% of Lumileds [2] Group 2: Target Company Overview - Lumileds specializes in mid-to-high-end LED products for automotive lighting, camera flashlights, and specialty lighting [4] - The company has production bases and sales centers in China, Asia, and Europe [4] - Lumileds has undergone several ownership changes, including a bankruptcy protection filing in 2022, leading to a restructuring process [5] Group 3: Financial Performance and Challenges - Lumileds is projected to generate $589 million in revenue with a loss of $67 million in 2024, and $141 million in revenue with a loss of $17 million in Q1 2025 [9] - The company has high production costs and low gross margins, with gross margins of approximately 7.81% and 12.06% for 2024 and Q1 2025, respectively [10] - High operational costs and financial burdens from previous acquisitions have contributed to Lumileds' financial struggles [10] Group 4: Integration and Future Plans - Sanan plans to invest in automation, equipment upgrades, and market development to improve Lumileds' performance post-acquisition [11] - The company aims to reduce procurement costs and enhance operational efficiency through collaboration with Lumileds [11] - The acquisition is expected to be completed by Q1 2026, pending standard closing conditions [12]

Group 1 - The core point of the article is that Dongshan Precision's subsidiary DSG plans to acquire 100% of the French GMD Group for approximately 100 million euros (about 814 million yuan) and will restructure its debt [2][5][7] - The acquisition aims to enhance Dongshan Precision's market share in the automotive parts sector and establish a presence in Europe, accelerating its globalization strategy [7][5] - GMD Group, established in 1986, is a leading French automotive parts contractor with an annual revenue of 1 billion euros and operates 46 factories across 12 countries, employing over 6,600 people [5][7] Group 2 - The transaction will involve a diversified debt restructuring plan, including cash purchase of some debts, debt-to-equity swaps, and shareholder loans to optimize GMD Group's debt structure [5][7] - Dongshan Precision reported a revenue of 8.602 billion yuan for Q1 2025, a year-on-year increase of 11.07%, and a net profit of 456 million yuan, up 57.55% year-on-year [7] - The acquisition is not classified as a related party transaction and is not expected to constitute a major asset restructuring according to preliminary calculations [5][7]