On June 21, Xilinx announced the acquisition of 72.33% of the shares of its holding subsidiary, Xilinx Yuezhou. On June 23, WedgeBond announced its intention to acquire 68.28% of Micron's shares in cash. According to a research report from Debon Securities, measures to actively merge and reorganize the market are expected to create more powerful large technology companies on the Star Market. The positive effect will prioritize strong and cash-rich high-quality listed company symbols.
On June 21, Xilinx announced that it plans to acquire 72.33% equity in its holding subsidiary Xilinx Yuezhou, marking the first M&A restructuring announced after the release of the “Star Market Eight Measures”; in addition, Nanxin Micro announced on June 23 that it intends to acquire 68.28% of Megatron's shares in cash.
On June 19, the China Securities Regulatory Commission issued eight measures to deepen the reform of the Science and Technology Innovation Board and serve the development of technological innovation and new quality productive forces, among which it proposed to support listed companies on the Science and Technology Innovation Board to carry out M&A integration in the upstream and downstream of the industrial chain. To improve the valuation tolerance of M&A, and support listed companies on the Star Market to acquire high-quality unprofitable "hard technology" enterprises. Enrich the tools of M&A payment and conduct research on staged payment of stock consideration. Support listed companies on the Star Market to focus on improving and strengthening their main business and carry out absorption and merger. Debon Securities research report pointed out that the measures to activate M&A and restructuring market are expected to create more powerful large technology companies on the Star Market, and prioritize bullish quality listed company targets with strong main businesses and abundant cash.
According to the Financial Data Center, among related listed companies:
On June 7, 2024, Surplus issued an announcement stating that the application documents for the issuance of convertible corporate bonds and the payment of cash to purchase 100% equity of Chuxin Micro and raise supporting funds have been accepted by the Shanghai Stock Exchange.
On June 13, 2024, Xinpeng Micro stated on the interactive platform that the company would actively seek high-quality M&A opportunities. According to the financial report, the company had cash in hand of 1.91 billion yuan in Q1 2024.