CITIC Securities Co., Ltd.(600030) 证券之星·2025-04-02 13:31Core Viewpoint - The financial advisory firm, CITIC Securities, provides ongoing supervision and guidance regarding the acquisition of Nanjing Steel Co., Ltd. by Taifu Special Steel (Jiangsu) Co., Ltd., ensuring compliance with relevant regulations and commitments during the acquisition process [1][2]. Group 1: Acquisition Overview - Taifu Special Steel will acquire a 55.2482% stake in Nanjing Steel Group from Hubei Xinye Steel Co., Ltd., resulting in Taifu directly holding 59.10% of Nanjing Steel Co., Ltd. after the transaction [3][4]. - The ongoing supervision period for this acquisition is from June 25, 2024, to December 31, 2024, during which CITIC Securities will monitor compliance with the acquisition agreement [1][2]. Group 2: Compliance and Governance - During the supervision period, both the acquirer and the target company have adhered to legal and regulatory requirements, with no violations of corporate governance rules identified [4][13]. - Taifu Special Steel and its controlling shareholder, Changyue Investment, have committed to maintaining the independence of Nanjing Steel Co., Ltd. post-acquisition, ensuring no undue benefits are derived from their shareholder status [5][6]. Group 3: Future Plans and Commitments - There are no plans to change the main business operations of Nanjing Steel Co., Ltd. within the next 12 months, nor are there any significant asset sales or mergers anticipated [9][10]. - The acquirer has no intentions to alter the board composition or management structure of Nanjing Steel Co., Ltd. during the ongoing supervision period [10][11]. - No modifications to the company's articles of association or significant changes to employee hiring practices are planned [11][12]. Group 4: Financial Integrity - Throughout the supervision period, there have been no instances of Nanjing Steel Co., Ltd. providing guarantees or loans to the acquirer or its affiliates that could harm the interests of the company [12][13].