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After the surge of 55.7% yesterday, Unigroup Holdings rose 30% again in the early trading, an increase of nearly 100% in less than two trading days. Previously, Unigroup Holdings successively raised its merchandise for Lenovo Holdings and SMIC.
Recently, Unigroup Holdings, a subsidiary of Unigroup Group, issued an announcement stating that the company increased its holdings in Lenovo Holdings for four consecutive days from December 19 to 22, totaling 4.51 million shares, accounting for more than 5% of the latter's outstanding shares. Unigroup spent about this to be approximately HK$135.4 million (excluding transaction costs).
Zhao Weiguo, chairman of Unigroup, said in an interview with Finance Network a few days ago that the bid for Lenovo is based on financial considerations, and they believe that Lenovo Holdings is undervalued.
The article stated that although Zhao Weiguo said that he did not have the idea of applying for a seat on the board of directors of Lenovo Holdings, Unigroup Holdings has now become the fifth largest shareholder of Lenovo Holdings, second only to the four Lenovo Holdings promoters. According to Lenovo Holdings' articles of association, Unigroup Holdings is already eligible to apply for a board seat.
In addition to raising the stake in Lenovo Holdings, Unigroup Holdings also raising the stake in SMIC. The company announced on the evening of December 22 that it bought 4.1585 million shares of SMIC on the same day, with a total consideration of HK$49.37 million (excluding transaction costs).
Wall Street News article mentioned that the rapid rise of Unigroup is closely related to its frequent large-scale mergers and acquisitions. Zhao Weiguo is also known as a "merger and acquisition madman" in the industry: he bought Spreadtrum for US$1.87 billion, acquired Ruidike for US$907 million, and held stake in H3D 3 for US$2.5 billion, and won 25% of the shares of the semiconductor packaging and testing company Taiwan Licheng for US$600 million. .
Zhao Weiguo also publicly stated that he would make 300 billion yuan of industrial investment and mergers and acquisition funds in the future, and the total output value of the chip business will enter the top three in the world, becoming a world-class chip giant.
