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Naura Technology Buys More Stake in Kingsemi for 1.45 Billion Yuan; Naura's Shares Drop 3%
Express News | Naura Technology Says Co Plans to Participate in the Bidding for Shares Kingsemi
NAURA Technology Group (002371.SZ): intends to participate in the public bidding for shares of Kingsemi Co., Ltd.
On March 20th, Glenor Holdings announced that NAURA Technology Group (002371.SZ) disclosed that Shenyang Zhongke Tiansheng Automation Technology Co., Ltd. (referred to as "Zhongke Tiansheng") plans to publicly transfer its 8.41% stake in Shenyang Kingsemi Co., Ltd. (stock code: 688037, referred to as "Kingsemi") consisting of 16,899,750 shares, with a listing price not lower than 85.71 yuan per share, totaling no less than 1,448,477,572.50 yuan. To accelerate the implementation of NAURA Technology Group's Global Strategy, leverage synergies, and increase Shareholder returns, the company intends to participate in this with Cash.
NAURA Technology Group (SZSE:002371) Is Looking To Continue Growing Its Returns On Capital
The display chip industry is approaching a cyclical turning point, and the anticipated synergy from leading consolidation is promising.
① The display chip Industry is experiencing a recovery this year. Recently, Xinxiang Micro announced its acquisition of Aixiasheng, which is expected to be a key signal for the industry to reach a turning point; ② Both companies focus on the display chip field, and the integration effect after the company restructuring is significant; ③ Peking Electronic Control is an important Shareholder of Xinxiang Micro, and in its "chip-screen" ecosystem, the synergistic effects between Xinxiang Micro and related parties such as Yandong Micro and JD.com will also be stimulated, becoming an important driving force for the industry's recovery.
Express News | Naura Technology Says It Plans to Issue Bonds to Raise up to 15 Bln Yuan to Boost Capital, Repay Debt, Fund Projects
