Core Viewpoint - ST Yushun (002289.SZ) is attempting a cross-industry restructuring to achieve self-rescue amid pressure from new delisting regulations in the A-share market [1][2] Group 1: Company Overview - ST Yushun's original business focused on small and medium-sized liquid crystal displays and touch modules, serving sectors such as smartphones, automotive electronics, and smart home devices [1] - The company is facing significant financial challenges, with projected 2024 revenue between 170 million to 240 million yuan and a net loss of 19 million to 26.3 million yuan, triggering delisting risk warnings [1] Group 2: Acquisition Details - On April 22, 2025, ST Yushun announced a framework agreement to acquire 100% equity in three companies controlled by Olive Ida Limited, aiming to expand into the Internet Data Center (IDC) sector [1] - The acquisition is expected to add approximately 8,000 cabinets to ST Yushun's operational scale, although the overall valuation and transaction price of the target companies have not been disclosed [1] Group 3: Market Context and Implications - The restructuring reflects the anxiety of traditional manufacturing companies under delisting pressure, with the data center industry being a policy-supported direction [2] - Key factors for the success of the acquisition include the quality of the target assets, transaction compliance, and the company's integration capabilities [2] - If the transaction is successful, ST Yushun may achieve its self-rescue goals; however, failure or underperformance of the target assets could exacerbate delisting risks [2]