Transfer the LP shares of the leading semiconductor enterprise; Purchase the shares of multiple humanoid robot companies such as Unitree Robotics | Capital Information Message Board Issue 155
The asset trading market is highly dynamic, with information changing rapidly and the authenticity of news being difficult to discern. Even if both buyers and sellers spend a significant amount of time and effort, it is often challenging to facilitate a successful transaction. To help buyers and sellers connect with market information and potential trading counterparts more quickly, and to avoid unnecessary investment and waste, we have specially created this column.
This article is the 155th issue of this column. If you are interested in the relevant transaction clues mentioned in this article, wish to contact these potential trading counterparts, or if you directly hold funds or assets that you hope to trade, you are welcome to contact us. (Email: zcjy@36kr.com)
In the fourth quarter of 2024, we have held four family office offline gatherings, focusing on the themes of overseas asset allocation and large-scale asset allocation, which has aroused a wave of participation. If you are also interested in such exchanges, please contact us: zcjy@36kr.com.
1. New additions this month
1. Transfer of LP shares of the holding of Yuhulala shares (expected valuation to be negotiated)
Seller nature: Direct seller
Transaction price: To be negotiated
Asset scale: 2 million US dollars in shares
Transaction method: LP shares, no management fee and carry
2. Transfer of LP shares of the fund holding Yushu Technology shares (expected valuation to be negotiated)
Seller nature: Direct seller
Transaction price: To be negotiated
Asset scale: Approximately 50 million US dollars in shares
Transaction method: LP shares, with management fee and carry
3. Transfer of LP shares of the leading enterprise in the OS domestic operating system (expected valuation of approximately 3.3 billion RMB)
Transaction price: Expected valuation of approximately 3.3 billion RMB
Current round: Pre-IPO round
Asset scale: Approximately 50 million RMB in shares
Transaction method: LP shares
Contact information: zcjy@36kr.com
4. Purchase of shares of Zhiyuan Robotics Company (expected valuation to be negotiated)
Buyer nature: Direct buyer
Transaction price: Expected valuation to be negotiated
Transaction amount: 30 million - 50 million RMB in shares
Contact information: zcjy@36kr.com
5. Transfer of LP shares of the leading semiconductor enterprise (negotiation in person)
Transaction price: Negotiation in person
Current round: Pre-IPO round
Asset scale: Approximately 50 million RMB in shares
Transaction method: LP shares
Contact information: zcjy@36kr.com
6. Transfer of shares of Shein Company (expected valuation of approximately 50 billion US dollars)
Transaction price: Expected valuation of approximately 50 billion US dollars
Current round: Pre-IPO round
Asset scale: Approximately 30 million US dollars in shares
Transaction method: Explicit SPV shares, which can be split
Contact information: zcjy@36kr.com
7. Purchase of shares of Yushu Technology Company (expected valuation to be negotiated)
Buyer nature: Direct buyer
Transaction price: Expected valuation to be negotiated
Transaction amount: 20 million RMB in shares
Contact information: zcjy@36kr.com
8. Purchase of shares of Moore Threads Company (expected valuation to be negotiated)
Buyer nature: Direct buyer
Transaction price: Expected valuation to be negotiated
Transaction amount: 20 million RMB in shares
Contact information: zcjy@36kr.com
9. Purchase of shares of Xingdong Jiyuan Robotics Company (expected valuation to be negotiated)
Buyer nature: Direct buyer
Transaction price: Expected valuation to be negotiated
Transaction amount: 30 million - 50 million RMB in shares
Contact information: zcjy@36kr.com
10. Purchase of shares of Xiaohongshu Company (expected valuation not higher than 20 billion)
Buyer nature: Direct buyer
Transaction price: Expected valuation not higher than 20 billion
Transaction amount: 30 million - 50 million US dollars
Contact information: zcjy@36kr.com
11. Purchase of explicit shares of ByteDance (expected valuation not higher than 225 billion)
Buyer nature: Direct buyer
Transaction price: Expected valuation not higher than 225 billion
Transaction amount: 50 million US dollars
Contact information: zcjy@36kr.com
12. Purchase of explicit shares of ByteDance (expected valuation 230 billion)
Buyer nature: Direct buyer
Transaction price: Expected valuation not higher than 230 billion
Transaction amount: 20 million - 30 million US dollars
Contact information: zcjy@36kr.com
2. Asset Purchase
1. Purchase of shares of companies in the humanoid robot field (expected valuation for negotiation)
Buyer nature: Direct buyer
Transaction price: Expected valuation for negotiation
Transaction amount: Approximately 20 million - 30 million RMB for a single project
Contact information: zcjy@36kr.com
2. Purchase of old shares of Changxin Memory Technologies (expected valuation to be negotiated)
Buyer nature: Direct buyer
Transaction price: Expected valuation to be negotiated, in accordance with the fair market price
Asset scale: 30 million - 40 million RMB
Transaction method: Require explicit shareholders
3. Seek M&A targets in the upstream and downstream of the medical device industry (expected valuation to be negotiated)
Buyer nature: Direct buyer
Transaction price: Expected valuation to be negotiated, requiring profitability
M&A requirements: 1. Within Jiangsu Province (preferably within the Suzhou-Wuxi-Changzhou metropolitan area). 2. Six major fields related to Linhua's business, including pain treatment consumables, interventional treatment consumables (including endoscopy), surgical consumables, wound innovative treatment consumables, and life support consumables such as anesthetics. 3. Active sources are also considered, mainly consumables (combined with equipment systems), excluding large imaging equipment. 4. There is a core team fully committed.
Transaction method: 30 million - 50 million RMB investment to achieve at least 51% control, provide 1 - 200 million RMB in funds and free office and factory space, and provide a channel network for enterprises through the company's 300 barrier merchants and 3,000+ distributors.
4. Seek M&A targets in the upstream and downstream of the small household appliance field (expected valuation to be negotiated)
Buyer nature: Direct buyer
Transaction price: Expected valuation to be negotiated, within 2 billion RMB
M&A requirements: Require profitability
Transaction method: Holding M&A, cash M&A, and strategic investment are also considered
5. Purchase of old shares in the humanoid robot field (expected valuation for negotiation)
Buyer nature: Direct buyer
Transaction price: Expected valuation for negotiation, in accordance with the market price
Asset scale: 20 million - 30 million RMB
Transaction method: Priority for explicit transfer of shares
3. Asset Transfer / Capital Increase
1. Transfer of LP shares of the special fund for the leading enterprise in the generative AI in the innovative drug field (expected valuation to be negotiated)
Seller nature: Direct seller
Transaction price: To be negotiated
Asset scale: 10 million RMB in shares
Transaction method: 2% management fee, 20% carry
Other instructions: LP shares, one-layer structure
2. Transfer of old shares of the leading enterprise in the commercial aerospace field (expected valuation to be negotiated)
Seller nature: Direct seller
Transaction price: To be negotiated
Asset scale: 50 million RMB in shares
Transaction method: Transfer of shares of explicit shareholders
3. Transfer of LP shares of the special fund for the leading project in the UHMWPE high-strength fiber track (expected valuation of 3.8 billion RMB)
Asset highlights: The UHMWPE high-strength fiber produced by the company fills the domestic gap in this product. Previously, only DSM in the Netherlands and Honeywell in the United States could produce similar materials. Currently, the company has achieved comprehensive surpassing in product performance, production technology, environmental protection, and cost. It is the absolute industry leader in production and sales worldwide.
Seller nature: Direct seller
Transaction price: 3.8 billion RMB
Asset scale: 30 million RMB in shares
Transaction method: 2% management fee, 20% carry
Other instructions: LP shares, one-layer structure
4. Transfer of LP shares of the special fund for the leading enterprise Zongmu Driving in the intelligent driving field
Seller nature: Direct seller
Transaction price: 9 billion RMB before investment
Current round: Pre-IPO round
Asset scale: 20 million RMB in shares
Transaction method: 2% management fee, 20% carry
Other instructions: LP shares, one-layer structure, explicit direct investment
5. Transfer of shares of the leading enterprise in the semiconductor silicon wafer field (expected valuation for negotiation)
Asset introduction: The company has a domestic leading 200mm semiconductor silicon wafer production base in terms of technology and scale, as well as an advanced fully automated and intelligent 300mm semiconductor silicon wafer production line in the industry. It has become one of the leading enterprises in the production and sales of large-size silicon wafers in mainland China.
Transaction price: Expected valuation for negotiation
Asset scale: Approximately 15 million RMB in shares
Transaction method: LP shares
Contact information: zcjy@36kr.com
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Note 1
It should be noted that the relevant information in the "Asset Information Message Board" column is dynamic information, which may become invalid due to changes in the market situation or the completion of transactions. 36Kr only provides relevant transaction information. Specific transactions require the relevant parties to negotiate separately and sign relevant agreements. The transaction parties must rely on the professional knowledge of their own legal, auditing, and tax experts to handle legal, regulatory, auditing, and tax issues. 36Kr does not intend to provide underwriting services or any services that require a specific qualification or license for the transaction parties.
For more share inquiries, please contact: zcjy@36kr.com
Note 2
Since June 2021, the 36Kr Asset Information Message Board has been launched and 154 issues have been published.