Recently, the National Public Resource Exchange Platform (Hefei, Anhui) issued a public notice of the fund transfer of RMB4,936,646,626,500 yuan (about RMB5 billion) to Hefei Guangxin Fund, which quickly attracted the attention of all parties and many listed The company has issued a notice, fight for the transferee.
According to reports, the Hefei Guangzhou-Core Fund is the single largest funder of the Chinese consortium’s acquisition of NXP’s standard business. With the transfer of the fund shares held by the Hefei Guangzhou-Core Fund, the various capitals that have acquired the standard business of NXP will be floated. Out of the water.
Withdraw, 70% equity held by a single major shareholder
In 2016, the Chinese consortium led by Jianguang Assets acquired NXP's standard parts business for US$2.75 billion (about 18.1 billion yuan); at the beginning of February 2017, the standard product business division of NXP Semiconductors was officially completed. Delivery. NXP's standard product business officially became an independent company named Nexperia (Chinese for 'Anshi Semiconductor').
And the above proposal to Hefei Kwongxin Fund 493664630659 yuan RMB shares openly notice, Hefei Guangsheng Hefei Yucheng largest shareholder.
According to the day the eye found that Hefei Guangshen held Hefei Yuxin 42.94% stake, is the largest single shareholder; the same time, Hefei Yuxin holding legal person for the Li Bin, general manager for the Sun Wei.In addition, Li Bin and Sun Wei also respectively Is the chairman and general manager of CCI Capital Investment Holdings, while the principal business of Hefei Yusin Holdings is the operation of Security Semiconductor through its controlling subsidiary, Hong Kong Yucheng Holdings Limited.
According to industry sources, this He Guang Guangxin Fund about 5 billion yuan of fund shares publicly transferred, the transfer of shares held by the security of the Semiconductor partnership is 70% .Although not all of the shares of the transfer, but also means that it will withdraw from the security of Semiconductors Partnership rights.
Hefei Open Core Fund staff said in an interview with micro-web interview that this announcement is just a pre-announcement, the event will be linked to the public out, the specific announcement is expected to be announced within 2 months, and then auction open auction, if interested in participating Of course, the subject matter involved, there are many procedures need to be perfected, the specific announcement of the time but also based on the actual progress.
As for the share of public transfer, the staff also said that the arrangements for the transfer of the share is not all, there is a small share of the remaining share, follow-up arrangements will be made. 'Once the transferee to buy the past, Hefei wide The core foundation has withdrawn from it, and although there is still a small remaining share of the share, we have completely withdrawn from the fund level. '
This means that once whoever bought the subject share held by Hefei Guangxin Fund, who will be the single largest shareholder (excluding the overlapping shareholders behind the fund), Hefei Guangxin will also withdraw Semiconductor's partnership interests.
Performance rose in 2017, attracting tripartite competition
Semiconductor is mainly engaged in semiconductor discrete devices, logic devices and power MOS device research and development, production and sales of its products are mainly used in automotive and communications fields.Data show that in this merger, in addition to the design department, Anshi Semiconductor It will also include NXP's wafer fabs in the UK and Germany, as well as three IC packaging and testing plants in China, Malaysia, the Philippines and NXP's industrial technology equipment centers in the Netherlands, as well as all related patents for standard product businesses and Technical reserves, involving about 11,000 employees.
As the semiconductor industry into the boom period of development and the Chinese consortium settled, so that the world semiconductor revenue performance better than ever before .Air Semiconductors CFO Erik said the Chinese consortium settled, making Nexpria company investment in production capacity and research and development, 2.5 times more than in 2014, while the new company achieved a 25% increase in performance in 2017. Prior to 2015, NXP's standard product business generated annual revenues of $ 1.03 billion.
Wang Yanhui, secretary-general of China Mobile Alliance, once said that the successful acquisition of NXP's standard product business has an unprecedented significance for the entire Chinese semiconductor industry. This is the first time that Chinese capital has bought the core technology and premium assets of world-class companies and filled in China's high-end chips and devices in this area of technology gaps.
The face of such a good part of the underlying equity transfer of shares, even if the specific announcement of Hefei wide core has not yet released a lot of listed companies have tempted.Currently, Undertake the first announcement announcement campaign, Dongshan precision will also participate in the election; According to the industry According to sources, Wentech, which participated in the acquisition of Anste Semiconductors by the Chinese Consortium, will also run for the transfer of shares.
Unconventional technology:
Among the three parties involved in the election campaign, UBIDA first announced that on January 12, 2018, a formal vote on the selection of Anshi Semiconductor's capitalization program was initiated by UBW and Wise Road Capital Ltd. Subsequently, UFIDA Science and technology to confirm the submission of the program in this selection ranked first.
Sci-Tech said the company's development strategy is to exert its brand equity and industrial resources accumulated in years of hard work in transportation such as automobiles and actively seek investment opportunities that are in line with the development trend of electrification and intelligence in the automotive industry. Based on the above strategy and the World Safety Semiconductors in automotive electronics semiconductor industry position, the company involved in the selection of the security program Semiconductors, Semiconductors, the overall purchase of shares of the program.
However, Uncovered science and technology release announcement ahead of notice in the transfer of Hefei Guangxu Fund, insiders revealed that the technology under the broad sense of the program or management funds registered outside Hong Kong, rather than the proposed transfer of shares of Hefei Guangxin Fund .
Dongshan precision:
Dongshan Precision announced on February 28 that the company intends to company chairman Yuan Yonggang or control of the company, and other funds to form a joint acquisition of the co-transferee Hefei Guangs core partnership interests of 70%, the transfer of Hefei wide Core limited partner Hefei core screen industry investment fund (limited partnership), which Dongshan precision capital investment is expected to not exceed 150 million US dollars.
It should be pointed out that Yuan Yonggang is a limited partner of Ningbo Muishan Bonded Zone Yi Mu Sheng Investment Partnership (Limited Partnership) (hereinafter referred to as 'Yi Mu Sheng') and holds 99.994% of the beneficial interest of Yi Mu Sheng Partnership, Sheng holds 3.364% stake in Hefei Yu core, therefore, Dongshan Precision will have a preemptive right.
Dongshan Precision said that if this joint controlling shareholder and the successful transfer of the third party Hefei Guangsheng transfer of interests will be conducive to further enhance the company's market competitiveness and profit growth point.Currently due to reorganization of Dongshan precision is suspended.
Wen Tai Technology:
According to industry sources, in addition to unbridled technology and Dongshan precision, mobile phone ODM leading technology is also actively preparing for the transferee Transtech International Hefei Guangsheng Semiconductor's rights.
In addition, Wentech's controlling shareholder Wentianxia Investment also invested in the acquisition of Anshi Semiconductor by the Chinese Consortium, and made a large contribution to Ansteel's second largest single shareholder.
It is reported that when the Chinese consortium funded the acquisition of Anshi Semiconductor, the investment in the world was 200 million U.S. dollars, while the investment related to Dongshan Precision Co., Ltd. The amount of 50 million yuan, a smaller proportion of investment.
As a whole, the specific announcement of the current transfer of interests of Hefei Guangxin has not yet been announced. Although the controlling shareholder and its related parties have the relative priority over the underlying assets, the target company is large in size and the core assets are located offshore and the shareholding structure is rather complicated And other factors, the workload involved also increases, it is difficult to reach a consensus within a short time.
However, with Hefei Guangxin want to exit the partnership interests by way of equity transfer, the transferee will become a partner of Hefei Guangxin and hold the rights and interests of the security company parallel with other investors, while for the launch of the Chinese capital so far The largest mergers and acquisitions in the field of semiconductor - Ansi semi-conductor who will be spent, it is worth looking forward to.