LY iTECH(002600) 上海证券报·2025-04-06 18:20Overview of the Transaction - The company plans to issue convertible bonds and pay cash to acquire a 66.46% stake in Jiangsu Kedastern Automotive Technology Co., Ltd. from eight specific investors, making Jiangsu Kedastern a subsidiary of the company [3][5]. Fundraising Details - The company intends to raise funds through a private placement of shares to no more than 35 specific investors, with the total amount not exceeding 100% of the transaction price for the convertible bonds [4]. - The funds raised will be used for cash payments in the transaction, tax fees, personnel placement costs, and other merger-related expenses, as well as for Jiangsu Kedastern's ongoing projects and working capital [4]. Progress of the Transaction - As of December 6, 2024, the company held board and supervisory meetings to approve the transaction proposal, with further announcements made on January 4, January 25, and March 4, 2025, regarding the progress of the transaction [6][7]. - The company is actively advancing the transaction, with ongoing audits, evaluations, and profit forecasts being conducted [7].