Leascend(SZ:300051) Zhong Guo Jing Ji Wang·2025-04-21 03:37Core Viewpoint - Liansheng Technology (300051.SZ) has resumed trading after announcing a restructuring plan involving the acquisition of 69.71% of Xingshu Century's shares through a combination of issuing shares and cash payments [1][2]. Group 1: Restructuring Plan - The company plans to acquire shares from 38 counterparties, including Ziguo Jinma and Fuzhou Digital New Infrastructure Investment Partnership [1]. - The final transaction price for the assets will be determined based on an evaluation report from a qualified assessment agency [2]. - The share issuance price for the acquisition has been set at 5.47 yuan per share [2]. Group 2: Fundraising and Financial Details - The company intends to raise funds not exceeding 100% of the transaction price, with the number of shares issued capped at 30% of the total share capital post-transaction [2]. - The raised funds will be allocated for cash payments, intermediary fees, transaction taxes, project construction, and working capital, with a maximum of 25% of the transaction price or 50% of the total raised funds for debt repayment [3]. - Xingshu Century, the target company, reported revenues of 1.037 billion yuan and 980 million yuan for 2023 and 2024, respectively, with net profits of 76 million yuan and 192 million yuan [3]. Group 3: Financial Performance - Liansheng Technology's total assets as of December 31, 2024, are reported at 4.467 billion yuan, with total liabilities of 1.996 billion yuan and equity of 2.471 billion yuan [4]. - The company has experienced a decline in net profits from 2018 to 2023, with projected losses of 60 million to 120 million yuan for 2024 [4]. - The company reported a revenue increase of 38.02% in 2023 compared to 2022, but still faced a net loss of approximately 39.74 million yuan [5].