Huafon Spandex(SZ:002064) Zhong Guo Jing Ji Wang·2025-05-06 06:29Core Viewpoint - Huafeng Chemical's 2024 annual shareholder meeting did not approve 19 proposals related to the issuance of shares and cash payment for asset purchases and related transactions [1] Group 1: Shareholder Meeting Decisions - The shareholder meeting held on April 29, 2025, rejected proposals including the issuance of shares and cash for asset purchases [1] - A total of 19 proposals were not approved, including those concerning the related transaction report [1] Group 2: Proposed Transactions - Huafeng Chemical plans to acquire 100% equity of Zhejiang Huafeng Synthetic Resin Co., Ltd. and Zhejiang Huafeng Thermoplastic Polyurethane Co., Ltd. from Huafeng Group for a total transaction price of 6 billion yuan [3][4] - The transaction price for Huafeng Synthetic Resin is set at 4.04 billion yuan, while for Huafeng Thermoplastic, it is 1.96 billion yuan [4] Group 3: Valuation and Financial Impact - The assessed value of Huafeng Synthetic Resin's equity is 4.044 billion yuan, showing an increase of 506.96% compared to the book value of 666.39 million yuan [4] - The assessed value of Huafeng Thermoplastic's equity is 1.963 billion yuan, reflecting an increase of 478.49% compared to the book value of 339.37 million yuan [4] Group 4: Transaction Characteristics - The transaction is classified as a related party transaction, with Huafeng Group remaining the controlling shareholder and actual controller post-transaction [4] - The acquisition aims to integrate and extend the industrial chain within the polyurethane industry, enhancing the company's product line and business types [4]