关注股权质押和重组进展 证监会首先关注的是领益智造的股票质押及相关主体偿债能力等情况，要求公司补充说明本次发行上市 前后，公司控股股东的股权质押情况，以及是否可能导致公司控制权发生变化，是否导致公司存在《境 内企业境外发行证券和上市管理试行办法》第八条规定的禁止性情形。 结合公开资料来看，领益智造的控股股东股权质押比例并不算高，且控股股东持股比例较高，股权结构 较为稳定。 根据2025年三季报，公司实控人曾芳勤合计控制着公司接近六成的股份。其中，通过领胜投资（江苏） 有限公司（以下简称"领胜投资"）持有领益智造41.40亿股，持股比例为56.87%，这部分股份中有 2.52 亿股质押，占所持有上市公司股份的比例为 6.09%，占上市公司总股本的比例为3.45%。 21世纪经济报道记者 杨坪 近日，证监会国际司对19家企业的境外发行上市备案出具补充材料要求，涉及消费、制造、科技、医药 等多个领域。"果链"龙头领益智造也在其列。 2025 年 11 月 20 日，领益智造向港交所递交了上市申请，拟进一步推动国际化战略落地，加强海外业 务布局，拓宽海外并购和融资渠道，提高国际知名度及整体竞争力等。若闯关成功，领益智 ...

Group 1 - The core point of the article is that Lingyi Zhizao has signed a share transfer agreement to acquire 35% equity in Liminda for 875 million yuan, gaining control over 52.78% of the voting rights in the target company [1][2] - Liminda specializes in thermal management solutions for enterprise-level servers, offering products such as liquid cooling quick-disconnect connectors, manifolds, and cooling modules, and has established long-term relationships with major clients in the overseas computing industry [1][3] - The acquisition is expected to enhance Lingyi Zhizao's capabilities in the server liquid cooling business, reduce development costs, and shorten product validation cycles, thereby expanding its product matrix and improving profitability in the AI hardware server segment [3] Group 2 - The payment for the acquisition will be made in two phases, with the first phase covering 51% of the total price and the second phase covering the remaining 49%, both adjusted for applicable personal income taxes [2] - A voting rights entrustment agreement will be signed simultaneously, allowing Lingyi Zhizao to exercise the voting rights of an additional 17.78% equity held by Zhang Qiang after the completion of the share transfer [2]

Core Viewpoint - Lens Technology (06613.HK) has signed a Letter of Intent for Equity Acquisition with Mr. Leu Song-Show to purchase 100% equity of PMG International Co., Ltd. for cash and other legal means, indicating a strategic move to expand its business operations in the server cabinet sector [2][3]. Group 1: Acquisition Details - The acquisition involves PMG International, which holds a 95.1164% stake in Yuan Shi Technology (Zhejiang) Co., Ltd., a company engaged in the production and sales of server cabinets and related components [3][4]. - The total investment in PMG International is approximately USD 2,150 million, with PMG International contributing USD 2,045 million, representing a 95.11645% ownership [4]. - The parties will conduct due diligence covering legal, financial, tax, technical, and business aspects before finalizing the acquisition agreement [5]. Group 2: Business Operations - PMG International and Yuan Shi Technology possess the necessary supplier qualifications, technology, intellectual property, R&D and business teams, production capacity, and facilities required for their server cabinet business, ensuring operational continuity for at least three years post-acquisition [5]. - An exclusivity negotiation period has been established from the signing of the Letter of Intent until June 30, 2026, to facilitate the acquisition process [5].

Group 1 - The company reported Q2 earnings that exceeded expectations, with revenue of $7.63 billion, a 6% year-over-year increase, and adjusted EPS of $0.38, surpassing analyst estimates of $0.33 [1][2] - The CEO indicated that the impact of tariffs on profits is expected to be milder, with an adjusted profit impact of $0.04 per share for the year, down from a previous estimate of $0.07 [2] - The company raised its full-year earnings guidance to an EPS of $1.78-$1.90, above the market expectation of $1.80 [2] Group 2 - For the full fiscal year, the company expects revenue growth of 7%-9% after excluding currency fluctuations, revised from a previous guidance of 7%-11% [3] - The demand for high-performance servers driven by the AI wave has benefited the company, with AI systems revenue reaching $1 billion in the latest quarter, exceeding analyst expectations of $798 million [3] - The company has faced pressure from activist investor Elliott Investment Management, which holds $1.5 billion in shares, although the CEO declined to comment on specific interactions with the investor [3]