Beijing (SZ:300803) Zheng Quan Shi Bao Wang·2025-02-19 03:02Core Viewpoint - The company, Guiding Compass, has acquired control of Pioneer Fund by purchasing a 22.5050% stake from Beijing Pengkang for 109 million yuan, increasing its total ownership to 61.7026% [1][4]. Group 1: Acquisition Details - On February 18, 2025, Guiding Compass signed an agreement to acquire a 22.5050% stake in Pioneer Fund from Beijing Pengkang for 1.09 billion yuan [1]. - Prior to this transaction, Guiding Compass had already increased its stake in Pioneer Fund to 39.1976% through previous acquisitions, making it the largest shareholder [3][4]. - The acquisition process took nearly a year and a half, with multiple steps involving judicial auctions and regulatory approvals [2][3]. Group 2: Pioneer Fund Overview - Pioneer Fund was established in May 2016 and has a registered capital of 150 million yuan [4]. - As of the end of Q4 2024, Pioneer Fund managed assets totaling 2.749 billion yuan, ranking low in the industry, with a significant portion (96%) in bond funds [4]. - The fund has struggled with performance, having reported losses from 2016 to 2020, and has not launched new products in over five years due to issues with its former shareholder [5]. Group 3: Future Outlook - Guiding Compass aims to integrate Pioneer Fund into its operations, enhancing its financial services and public fund offerings [4][6]. - The company plans to support Pioneer Fund in improving talent acquisition, governance, and compliance to stabilize its business [5][6].