看上“江西老表”爱喝的矿泉水 ST联合拟收购控股股东旗下资产

Core Viewpoint - ST United plans to acquire part or all of the equity of Jiangxi Runtian Industrial Co., Ltd. and raise supporting funds to gain control over the company, which is a leading player in the packaged drinking water industry in China [2][3]. Group 1: Acquisition Details - The acquisition involves issuing shares and cash payments, with the stock of ST United suspended from trading starting May 15, expected to last no more than 10 trading days [2]. - The transaction is classified as a major asset restructuring under the regulations, but it will not lead to a change in the actual controller of the company [2]. - The transaction parties include Jiangxi Maitong Health Beverage Development Co., Ltd. and Jiangxi Runtian Investment Management Co., Ltd., with the transaction method yet to be determined [2][3]. Group 2: Financial Performance - Runtian Industrial operates ten packaged drinking water production bases nationwide and is ranked among the top ten in China's beverage industry for packaged drinking water and natural mineral water in 2024 [2][3]. - ST United reported a revenue of 365 million yuan and a net loss exceeding 60 million yuan last year, continuing to incur losses in the first quarter of this year [3][4]. - The company’s main business is digital marketing, and its advertising marketing gross margin was only 4.28% last year [3]. Group 3: Regulatory Concerns - On March 14, the company received an administrative penalty notice from the Jiangxi Securities Regulatory Bureau for suspected information disclosure violations [4]. - Although the administrative penalty does not directly prohibit the acquisition, future major asset restructuring may face stricter compliance reviews [4]. - The company has signed a profit compensation agreement with performance commitment parties due to previous performance shortfalls, which may impact the current restructuring [4].