【Mergers and acquisitions today】| Musk wants to buy Twitter for $41.4 billion

Domestic mergers and acquisitions

1. [Fengguang Shares Acquires 25% Equity of Shaanxi Ecolite New Materials Co., Ltd.]

Fengguang Shares announced on the evening of April 14 that in order to better promote the company's strategic development and resource integration, Yulin Coal Conversion Fund Investment Management Co., Ltd. will hold 25% of the equity of Shaanxi Acolite New Materials Co., Ltd. to the company, and after the completion of this transfer, Acolite will be changed to a wholly-owned subsidiary of the company. The equity transfer will not change the scope of the company's consolidated statements and does not require consideration by the company's general meeting of shareholders. (Daily Economic News)

2. [Midland Industrial & Commercial Shop proposes to acquire Hong Kong property for HK$21.5 million]

Midland Commercial & Industrial Has announced that the property buyer (a wholly-owned subsidiary of the Company), the property seller and the agent entered into a property acquisition agreement, whereby the property buyer agreed to the acquisition and the property seller agreed to sell the property for a consideration of HK$21.5 million. in Gronhui

3. [Jiufeng Energy plans to acquire 28% equity of Huayou Zhonglan for 226 million yuan]

Jiufeng Energy announced that the company intends to purchase 28% of the equity of Huayou Zhonglan held by Blue Gold Energy in cash at a transaction price of 226 million yuan. The acquisition of part of the equity of Huayou Zhonglan and its becoming its largest shareholder is a concrete embodiment of the company's implementation of the LNG business development strategy, and is also a landing project in the southwest region after planning to acquire 100% of the equity of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. (Zhitong Finance)

4. [Three Gorges Tourism intends to acquire 100% equity of Two Companies, Yangtze River Travel Development and Xingsheng]

Hubei Three Gorges Tourism Group Co., Ltd. (hereinafter referred to as "Three Gorges Tourism") announced the issuance of shares to purchase assets and raise supporting funds and related party transactions, and Three Gorges Tourism intends to purchase 100% of its equity in Changjiang Tourism from the base company and 100% of its equity in Xingsheng Company from Jiaotong Travel Investment by issuing shares. After the completion of this transaction, Yangtze River Travel Development and Xingsheng Company will become wholly-owned subsidiaries of Three Gorges Tourism. (Beijing Business Daily)

5. 【Huilong Holdings intends to acquire KOC & U Fintech Limited】

Huilong Holdings announced that the Company is seeking an opportunity to acquire part or all of the equity interests of industry participants and on 14 April 2022, the Company and Ms. Li Cuiling (Proposed Vendor) proposed to acquire KOC & U Fintech Limited (KOC & U) by the Proposed Vendor into a non-legally binding Memorandum of Understanding. in Gronhui

International mergers and acquisitions

6. [Aviat Networks Announces Acquisition of Redline Communications]

Aviat Networks, a provider of wireless transmission solutions, announced that it has agreed to acquire Redline Communications, a provider of mission-critical data infrastructure, for $16.2 million (about $12.8 million). Under the terms of the deal, Aviat will acquire Redline's outstanding shares for $0.90 per share. (Financial Sector)

7. [Buderry Holdings intends to spend $80 million to acquire all of YZB Auto Services Group Limited' shares]

Buderry Holdings announced that the purchaser, Badeli Investment Limited (a wholly-owned subsidiary of the Company), entered into a share sale and purchase agreement with the seller, YZB Investment Holding Limited, and the target company, YZB Auto Services Group Limited, whereby the buyer agreed to acquire and the seller agreed to sell the sale shares (meaning all of the issued share capital of the target company) for a total consideration of US$80 million. (Zhitong Finance Network)

8.【Korean Electric Bus Company Terminates Acquisition of SsangYong Automobile】

The Yonhap News Agency website recently reported that the acquisition of South Korean SsangYong Automobile by South Korean electric bus startup Edison Automobile eventually failed. Previously, Edison Automobile formally signed an acquisition agreement with SsangYong Automobile on January 10 this year, more than five months after it was selected as the priority negotiator for mergers and acquisitions on October 20 last year. SsangYong Automobile recently issued an announcement that the company was approved by the Seoul Huisheng Court (a court specializing in bankruptcy cases) to sign an acquisition agreement with Edison Automobile, but Edison Automobile did not pay the balance of the acquisition until 5 working days before the convening of the stakeholder meeting, and the agreement between the two parties automatically lapsed. (Refer to the news network)

9. [Musk wants $41.4 billion to buy Twitter]

On the evening of April 14, according to Bloomberg, Tesla CEO Musk proposed to buy Twitter for $54.20 / share, a 18% premium to the closing price of $45.85 on April 13, and the total share capital of Twitter is currently 764 million shares, which is estimated that Musk's valuation of Twitter is $41.4 billion. As of press time, Twitter surged more than 11% before market hours at $51.15 per share. (Finance World)

10. [Affiliate of Star Qian Development proposes to spend Rs 4,983,500 crore to acquire land in Indonesia]

Star Qian Development issued an announcement that the buyer PT. Zhongbu Resins Indonesia, an indirect wholly-owned subsidiary of the Company, entered into a sale and purchase agreement with the vendor, PT Kawasan Industri Kendal, for a total consideration of Rs.49835 crore (equivalent to approximately HK$27.195 million). (Titanium Media App)