In June of this year, Ziguang Technology (Holdings) Co., Ltd. (hereinafter referred to as " Ziguang Holdings ") issued an announcement stating that the company's controlling shareholder Ziguang Technology Strategic Investment Co., Ltd. (the company's controlling shareholder, hereinafter referred to as "Universal Technology") Entered into a non-binding term sheet with a potential buyer regarding the possible sale of 987 million shares of the company held by Ziguang Technology.
Now, the buyer of the acquisition has been officially confirmed.
According to the latest announcement of Ziguang Holdings , on September 17, the company was notified by the seller Ziguang Technology that on that day, it entered into cooperation with Xinding Co., Ltd. (hereinafter referred to as "Xinding") and Beijing Ziguang Capital Management Co., Ltd. (hereinafter referred to as "Beijing Ziguang"). Capital") enter into a share purchase agreement. Xinding agreed to conditionally acquire sales shares from Ziguang Technology for a total consideration of HK$990 million.
After the completion of this transaction, the joint offerors (Zhongqing Xinxin and Xinding) and their concerted parties (including Shanghai Semiconductor Equipment Materials Fund and Henan Zhanxing Fund) will hold 987 million shares and interests, accounting for approximately 987 million shares and interests of the company. 67.82% of the share capital. The
announcement pointed out that currently, Ziguang Holdings has issued 1.455 billion shares and convertible bonds with a total principal amount of HK$148 million that can be converted into 370 million shares. Taking into account the 987 million shares owned or agreed to be acquired by the joint offeror and its parties acting in concert, as well as the irrevocable commitments with Chen and others, a total of 187 million shares will be involved in this offer.
The following is the equity structure of the joint offeror and its relationship with Ziguang Group :
Picture source: Screenshot of Ziguang Holdings announcement
The intention of the joint offeror is to maintain the existing main business of Ziguang Holdings , namely SMT equipment manufacturing and related businesses, and will assist Unisplendour Holdings in streamlining the company's resources and business structure, as well as expanding into other semiconductor-related business opportunities. According to
information, Xinding, one of the joint offerors, is specially established for investment holding. Shanghai Qingxin Enterprise Management Consulting Co., Ltd. holds 100% of its equity. Among them, Shanghai Qingxin has a total registered capital of HK$857 million, and its shareholders include China The investment (registered capital) proportions of Qingxinxin, Shanghai Semiconductor Equipment Materials Fund, and Henan Zhanxing Fund are 50.1%, 28%, and 21.9% respectively.
Shanghai Semiconductor Equipment Materials Fund is a fund in Shanghai to support the integrated circuit equipment materials industry. It is jointly funded by the National Fund, Lingang Management Committee, Guosheng Group and other units, with a total amount of 10 billion yuan, and an initial scale of 5 billion yuan. The fund focuses on investing in the integrated circuit equipment materials industry, and promotes the development of the integrated circuit equipment materials industry in Shanghai and even across the country through market-oriented operations and professional management.
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