2025年6月，川土微召开股改创立大会，完成股份制改制，此举也被视为其迈向IPO的重要准备。 尽管本次与梦天家居重组失败，曲线冲A折戟，但川土微独立IPO之路得以重启。 对于本次重组终止的原因，梦天家居则解释，主要由于涉及事项较多，交易各方就核心条款经多次协商 和谈判后，仍未达成共识。 长江商报奔腾新闻记者 徐佳 筹划数日，梦天家居（603216.SH）跨界重组芯片公司告吹。 11月18日晚间，梦天家居公告称，公司终止筹划发行股份及支付现金的方式购买资产，同时实控人终止 筹划控制权转让事项。 此前，梦天家居因筹划通过发行股份及支付现金的方式收购上海川土微电子股份有限公司（以下简 称"川土微"）控制权，并募集配套资金，同时实控人余静渊正在筹划控制权转让事项，公司于11月6日 起停牌。 长江商报奔腾新闻记者注意到，宣布与梦天家居重组之前，川土微曾多次被传将要独立IPO。 据川土微官网披露，公司成立于2016年，是专注高端模拟芯片研发设计与销售的高科技公司，产品涵盖 隔离与接口、驱动与电源、高性能模拟三大产品线以及μMiC战略产品（micro-Module in Chip），目前 产品已广泛应用于工业控制、电源能源 ...

不过，公告发出未及两周，梦天家居的两项重大计划均按下停止键。 11月18日晚间，梦天家居公告称，在停牌期间，公司就筹划发行股份及支付现金购买资产事项、实控人 就筹划控制权变更事项进行了充分探讨，但由于涉及事项较多，交易各方就核心条款经多次协商和谈判 后，仍未达成共识，经慎重考虑并友好协商，各方决定终止筹划前述事项。 拟收购川土微未果 梦天家居于2021年上市，主要从事木门、墙板、柜类等定制化木质家具的设计、研发、生产和销售， 以"梦天"品牌木门产品为外界所熟知。 因交易各方"没谈拢"，梦天家居筹划控制权转让、定增收购芯片公司的计划告吹。 11月5日晚间，梦天家居公告称正筹划通过发行股份及支付现金的方式收购上海川土微电子股份有限公 司（以下简称川土微）的控制权，并募集配套资金。同时公司还收到实控人余静渊的通知，实控人正在 筹划控制权转让事项。 今年前三季度，梦天家居实现营收7.73亿元，同比下降2.93%，实现归母净利润5630.31万元，同比增长 37.60%；第三季度实现营业收入2.89亿元，同比下降4.13%，归母净利润为2106.82万元，同比上升 31.22%。 公司在公告中强调，实控人筹划控制权转让 ...

【导读】 梦天家居 终止筹划收购川土微电子控制权和控制权转让事项 中国基金报记者 夏天 同时，梦天家居实控人筹划的控制权转让事项也宣告终止，但其仍计划转让部分股权。同日 晚间，梦天家居公告称，控股股东梦天控股及其一致行动人梦家投资拟向嘉兴汇芯企业管理 合伙企业（有限合伙）转让 6.8636% 股权。 停牌十余天后， 梦 天家 居（证券代码： 6 0321 6 ）筹划的重大资产重组事项 和 控 制 权 转让事项双双宣告终止。 11 月 18 日晚间， 梦天家居 公告称，因交易各方就核心条款未达成共识，决定 终 止筹 划 以发行股份及支付现金方式收购 上 海 川土微电子 股份有限公司（以下简称 川 土微电 子） 控股权， 并 终 止 实控人余静渊 筹 划的控制权转让事项 。 公司股票将于 11 月 19 日复 牌。 川 土微电 子是一家专注于高端模拟芯片研发设计与销售的企业，刚在今年 7 月份完成股 改，还曾传出独立上市的计划。 此 次 重大资产筹划事 项 终止，意味着梦天家居 试图通过 跨界芯片领域以扭转主业颓势的短期战略受挫。 跨界芯片计划折戟 梦天家居本次筹划的重大资产重组事项始于 11 月 5 日。当日晚 ...

【导读】梦天家居终止筹划收购川土微电子控制权和控制权转让事项 停牌十余天后，梦天家居（603216）（证券代码：603216）筹划的重大资产重组事项和控制权转让事项双双宣告终止。 11月18日晚间，梦天家居公告称，因交易各方就核心条款未达成共识，决定终止筹划以发行股份及支付现金方式收购上海川土微电子股份有限公司（以下 简称川土微电子）控股权，并终止实控人余静渊筹划的控制权转让事项。公司股票将于11月19日复牌。 川土微电子是一家专注于高端模拟芯片研发设计与销售的企业，刚在今年7月份完成股改，还曾传出独立上市的计划。此次重大资产筹划事项终止，意味 着梦天家居试图通过跨界芯片领域以扭转主业颓势的短期战略受挫。 同时，梦天家居实控人筹划的控制权转让事项也宣告终止，但其仍计划转让部分股权。同日晚间，梦天家居公告称，控股股东梦天控股及其一致行动人梦 家投资拟向嘉兴汇芯企业管理合伙企业（有限合伙）转让6.8636%股权。 跨界芯片计划折戟 梦天家居本次筹划的重大资产重组事项始于11月5日。当日晚间，公司宣布筹划通过发行股份及支付现金方式收购川土微电子控制权，并募集配套资金。 官网显示，川土微电子成立于2016年，是一家专 ...

又一重大资产重组宣告终止。 今日（11月18日），梦天家居公告称，公司终止筹划发行股份及支付现金的方式购买资产，同时实控人终止筹划控制权转让事项。公司股票将于明日（11月19日） 上午开市起复牌。据此前公告，公司拟筹划收购上海川土微电子股份有限公司（以下简称"川土微"）控制权，并募集配套资金，预计构成重大资产重组。 值得一提的是，川土微是高端模拟芯片领域的知名供应商，产品已广泛应用于工业控制、电源能源、通讯与计算、汽车电子等领域。该公司股东既有知名半导体投 资机构元禾璞华，也有比亚迪等上市公司，此前曾多次传出计划独立上市的消息。 终止重大资产重组 11月18日晚间，梦天家居发布公告称，公司决定终止筹划发行股份及支付现金购买川土微控制权事项，同时实控人余静渊终止筹划控制权转让事项。公司股票将于 2025年11月19日复牌。 | | | 根据公告，停牌期间，梦天家居就筹划发行股份及支付现金购买资产事项、实控人就筹划控制权变更事项进行了充分探讨，但由于涉及事项较多，经交易各方就核 心条款经多次协商和谈判后，仍未达成共识，经慎重考虑并友好协商，各方决定终止筹划前述事项。 回顾此前，梦天家居11月5日发布公告称，公司正 ...

Core Viewpoint - Mengtian Home Group is planning two significant actions: acquiring a chip company and a change in control, with both disclosed in the same announcement, raising questions about the company's strategic direction [2][4]. Group 1: Acquisition Plans - Mengtian Home is preparing to acquire control of Shanghai Chuantou Microelectronics Co., Ltd. through a combination of issuing shares and cash payments, with the valuation of Chuantou Micro not yet finalized [2][3]. - Chuantou Micro, established in 2016, specializes in integrated circuit design and high-end analog chip development, with applications in various industries including industrial control and automotive electronics [3]. - This is not Mengtian Home's first venture into the chip industry, as it previously invested 70 million yuan in Chongqing Lingxin Microelectronics, becoming its second-largest shareholder [3]. Group 2: Control Change - The company's actual controller, Yu Jingyuan, is planning to transfer control, which is stated to be independent of the acquisition plans [4][6]. - Mengtian Home primarily engages in the design, production, and sales of customized wooden furniture, including doors and panels, and has not previously indicated intentions to shift its core business focus [4][5]. Group 3: Industry Context - The home furnishing industry is facing challenges due to a downturn in real estate and consumer spending, leading to revenue declines among major competitors [4][7]. - In contrast, Mengtian Home's performance has been relatively stable, with a revenue of 773 million yuan in the first three quarters of the year, down 2.93%, while net profit increased by 37.60% to 56.3 million yuan [5]. - The competitive landscape in the customized home furnishing sector is intensifying, with traditional furniture manufacturers increasingly entering the market, leading to a shift from price competition to a more complex competitive environment [7].

Core Viewpoint - The company, Dream Tian Home, is undergoing significant changes, including a planned transfer of control by its founder and a strategic move into the semiconductor industry through the acquisition of Chuan Tu Microelectronics [1][2][3] Group 1: Control Change - The founder and actual controller, Yu Jingyuan, is planning to relinquish control of Dream Tian Home, which has been listed for nearly four years [1][2] - The company has announced that its stock will be suspended from trading starting November 6 due to the planned acquisition and control change [2] - The major shareholders include Zhejiang Dream Tian Holdings Co., Ltd. and Jiaxing Mengjia Investment Management Partnership, with Yu Jingyuan holding a significant portion of the shares [3] Group 2: Cross-Industry Acquisition - Dream Tian Home is planning to acquire control of Chuan Tu Microelectronics through a combination of issuing shares and cash payments, which is expected to constitute a major asset restructuring [2][4] - Chuan Tu Microelectronics specializes in high-end analog chip design and sales, indicating Dream Tian Home's strategic shift towards the semiconductor sector [2][4] - The acquisition aligns with the growing demand for high-end analog chips in emerging industries such as 5G, new energy vehicles, and the Internet of Things [2] Group 3: Financial Performance - Dream Tian Home has experienced a decline in revenue over the past few years, with reported revenues of approximately 1.389 billion, 1.317 billion, and 1.117 billion yuan for 2022, 2023, and 2024 respectively [5] - The net profit has also decreased, with figures of about 220 million, 95.73 million, and 61.26 million yuan for the same years [5] - In the first three quarters of 2025, the company reported revenue of approximately 773 million yuan, a year-on-year decrease of 2.93%, but net profit increased by 37.6% to about 56.30 million yuan [6]

Core Viewpoint - The company, Dream Home Furniture, is undergoing significant changes, including a planned transfer of control by its founder and a simultaneous cross-industry acquisition in the semiconductor sector [2][5]. Group 1: Control Change - The founder and actual controller, Yu Jingyuan, plans to relinquish control of Dream Home Furniture, which has been publicly listed for nearly four years [2][5]. - The company has announced that its stock will be suspended from trading starting November 6, 2025, due to the planned acquisition and control change [4][5]. Group 2: Acquisition Plans - Dream Home Furniture is planning to acquire control of Shanghai Chuantou Microelectronics Co., Ltd. (Chuantou Micro) through a combination of issuing shares and cash payments, which is expected to constitute a major asset restructuring [5]. - Chuantou Micro specializes in high-end analog chip research and design, indicating Dream Home Furniture's strategic move into the semiconductor industry [5][6]. Group 3: Financial Performance - Dream Home Furniture has experienced declining revenue over the past few years, with reported revenues of approximately 1.389 billion, 1.317 billion, and 1.117 billion yuan for 2022, 2023, and 2024, respectively [9]. - The net profit has also decreased, with figures of about 220 million, 95.73 million, and 61.26 million yuan for the same years [9]. - In the first three quarters of 2025, the company reported revenues of approximately 773 million yuan, a year-on-year decrease of 2.93%, but net profit increased by 37.6% to about 56.30 million yuan [9].

Core Viewpoint - The article discusses the planned acquisition of control over Shanghai ChuanTu Microelectronics Co., Ltd. by MengTian Home (603216.SH) through a combination of share issuance and cash payment, alongside a potential change in the actual controller's ownership [2]. Group 1: Acquisition Details - MengTian Home announced a stock suspension starting November 6, due to the planned acquisition of ChuanTu Microelectronics and the actual controller's control change [2]. - The acquisition aims to enhance MengTian Home's position in the semiconductor industry by integrating ChuanTu Microelectronics, a company specializing in high-end analog chip design and sales [2][3]. Group 2: ChuanTu Microelectronics Overview - Founded in 2016, ChuanTu Microelectronics has become a well-known supplier in the high-end analog chip sector, serving over 5,000 customers [3]. - The company focuses on various product lines, including isolation and interface, driver and power, and high-performance analog products, with applications in industrial control, power energy, communications, computing, and automotive electronics [2][3]. Group 3: Product Innovations - ChuanTu Microelectronics' core product lines include advanced technologies such as capacitive isolation and magnetic isolation, with high voltage isolation ratings and efficient energy transmission [3][4]. - The μMiC product series integrates high-end chip design and advanced packaging, offering customers differentiated design solutions while reducing costs and simplifying supply chains [3][4].

Core Viewpoint - The company MengTian Home is planning to acquire control of Shanghai ChuanTu Microelectronics Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a major asset restructuring [1][6]. Group 1: Company Announcement - MengTian Home announced a stock suspension starting November 6 due to the planned acquisition and control change, with a current stock price of 15.70 yuan per share and a total market value of 3.496 billion yuan [1]. - The acquisition of ChuanTu Micro is still in the planning stage, and the valuation of the target company has not been finalized as of the announcement date [1][6]. - The controlling shareholder is also planning a control transfer, which is independent of the acquisition process [1]. Group 2: Financial Performance - In the first three quarters of the year, MengTian Home reported total revenue of 773 million yuan, a year-on-year decrease of 2.93%, while net profit attributable to shareholders increased by 37.60% to 56.3 million yuan [7]. - The company has experienced a continuous decline in revenue for three consecutive years and has closed 160 dealerships while opening 32 new ones, resulting in a total of 1,062 dealerships as of September 30 [7][9]. Group 3: Target Company Overview - Shanghai ChuanTu Microelectronics is a high-tech company focused on the research, design, and sales of high-end analog chips, with products used in various fields including industrial control and automotive electronics [3][4]. - The company has established itself as a well-known supplier in the high-end analog chip sector, serving over 5,000 customers [4].