Recently, , a subsidiary of Unigroup, issued an announcement stating that the company increased its holdings in , Lenovo Holdings 4.51 million shares from December 19 to 22, accounting for more than 5% of the latter's outstanding shares. Unigroup spent about 135.4 million Hong Kong dollars (excluding transaction costs).
On Monday, the chairman of Unigroup Zhao Weiguo said in an interview that the raising of Lenovo was first based on financial considerations. Lenovo Holdings was undervalued. As for strategic investment, it has not been considered yet.
Because Lenovo Group and Unigroup have a lot of room for cooperation in the fields of enterprise information services, IT manufacturing, mobile devices, etc., the outside world speculates the actions of both parties in strategic cooperation.
According to Finance report , on the last day of completing the "shopping" of Lenovo Holdings, Unigroup once again raised its bid for SMIC. The company announced on the evening of December 22 that it had purchased 4.1585 million shares of SMIC on the same day, with a total consideration of HK$49.37 million (excluding transaction costs), and an average purchase price of HK$11.87 (excluding transaction costs). Currently, the cumulative proportion of Unigroup Holdings to purchase SMIC has exceeded 5%.
For SMIC, Unigroup actually bought a large amount of money as early as last year. Regarding the increase in holdings, Unigroup Holdings said that after considering SMIC's financial performance, the company believes that the purchase of SMIC is an attractive investment that will help improve the company's investment returns.
From December 19 to December 22, Unigroup Holdings spent a total of nearly HK$200 million on capital operations. As a high-tech enterprise under Tsinghua University, Unigroup has formed a high-tech industry ecosystem dominated by integrated circuits, from "core" to "cloud". It has grown into China's largest comprehensive integrated circuit company, , and the third largest mobile phone chip company in the world. In addition, Unigroup ranked first in China and second in the world in the enterprise-level IT service segment.
The rapid rise of Unigroup is closely related to its frequent large-scale mergers and acquisitions. Previously, Unigroup bought Spanishun for US$1.87 billion, acquired Rudike for US$907 million, and held stake in H3D 2.5 billion, and acquired 25% of the shares of semiconductor packaging and testing company Taiwan Licheng for US$600 million. Zhao Weiguo is therefore known as a "mergers and acquisitions madman" in the industry.
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.
In recent days, Lenovo Holdings, whose stock price was once sluggish, suddenly exploded after Unigroup raised its stake, soaring 50% in 5 days, standing firm at the HK$30 mark, hitting a new high in two years.
Lenovo Holdings' stock price soared, attracting the attention of institutions at home and abroad. What is inconsistent is that after Lenovo Holdings rose by 50%, it actually caused foreign institutions to sell and cash out.
Private equity personnel said that the accelerated cash out of foreign institutions can only show that they are not long-term investors, but these chips are taken over by other institutional funds, which means that the subsequent value of Lenovo Holdings still needs to be explored.
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It is worth noting that foreign institutions have always been well-informed, and it is still far from the new round of asset restructuring of Lenovo Holdings, so some foreign capitals cash out first at the high level of stock prices.
