Core Viewpoint - China International Development Corp is exploring the acquisition of Lonten Semiconductor Co Ltd for up to HK$9 billion ($1.16 billion) [1][2] Group 1: Acquisition Details - The proposed transaction is expected to be valued between HK$4.5 billion and HK$9 billion, which will be financed through cash, share issuance, or a combination of both [2] - An agreement has been signed with Lonten's largest shareholder, Xu Xichang, who holds a 24.81% stake, to facilitate the acquisition [1][2] - China International Development has secured a three-month exclusivity period to assess and review the records of Lonten Semiconductor [2] Group 2: Company Background - China International Development is primarily engaged in the leather goods sector but is also involved in the automobile segment [3] - The company is actively seeking to expand its business into the semiconductor industry in China [3]