A-Zenith(603389) 新浪财经·2025-04-25 14:07Core Viewpoint - The control of Yazhen Home (603389.SH) is undergoing a significant change, with the major shareholder transferring a substantial portion of shares to Wu Tao and his associate Fan Weihao, which may lead to a shift in the company's management and strategic direction [1][2]. Group 1: Share Transfer Details - On April 17, Yazhen Home's controlling shareholder, Shanghai Yazhen Investment Co., Ltd., signed a share transfer agreement to sell 78.8255 million shares (29.99996% of total shares) to Wu Tao and Fan Weihao at a price of 5.68 yuan per share, totaling approximately 447.73 million yuan [1]. - Following this, on April 24, a supplementary agreement was signed, where Wu Tao intends to make a partial tender offer to acquire an additional 55.17792 million shares (21% of total shares) from other shareholders [1]. Group 2: New Controlling Shareholder Profile - Wu Tao, a 55-year-old from Jinan, is the executive director and general manager of Jinan Yuxiao Group Co., Ltd., which is the world's largest zircon-titanium mining company, holding 80% of its shares [2]. - Jinan Yuxiao Group, established in 1995, has a registered capital of 200 million yuan and operates in various sectors, including mining, shipping, cement manufacturing, real estate, and financial investment, with a net asset exceeding 10 billion yuan and an annual output value over 10 billion yuan as of the end of 2023 [2]. Group 3: Financial Arrangements for Acquisition - The funding for the acquisition will come from legally owned or self-raised funds, with Wu Tao signing a loan agreement with Jinan Yuxiao Group for up to 680 million yuan, and Fan Weihao also securing a loan of up to 60 million yuan for the share acquisition [3]. Group 4: Future Plans and Market Position - Jinan Yuxiao Group has plans to go public on the domestic main board by 2025, with significant foreign investment already utilized in recent years [4]. - As of now, there are no plans for asset sales, mergers, or restructuring involving Yazhen Home or its subsidiaries in the next 12 months [4]. Group 5: Previous Control Change Attempts - This is the second attempt within six months for Yazhen Home to change its control, following a previous attempt in November 2023 that was ultimately unsuccessful [5]. - For the fiscal year 2024, Yazhen Home expects to achieve revenue between 190 million to 220 million yuan, with projected losses ranging from 125 million to 100 million yuan [5].