Baota Industry(SZ:000595) Bei Jing Shang Bao·2025-06-08 03:58Core Viewpoint - *ST Baoshi has disclosed an adjusted restructuring plan, proposing to exchange all assets and liabilities, except for certain retained assets, with the 100% equity of Electric Investment New Energy held by the counterparty, with cash payment for any difference in value [1][2]. Group 1: Restructuring Plan Details - The company plans to retain cash, other current assets, long-term equity investments, other equity instrument investments, and intangible assets while exchanging the remaining assets and liabilities [1][2]. - The adjusted plan specifies that the company will issue shares to purchase the difference in value between the input and output assets from Ningxia Electric Investment [2]. - The transaction involves a total consideration of 8.09 billion yuan for the input assets and 4.68 billion yuan for the output assets, constituting a related party transaction and a major asset restructuring, but not a restructuring listing [3]. Group 2: Business Transformation - Following the transaction, the company's existing bearing business will be divested, and its main business will shift to investment, development, and operation of wind power, photovoltaic power, and energy storage stations, as well as the production and sales of marine electrical appliances [3]. - The restructuring is expected to optimize the company's industrial structure, expand future development space, enhance company value, and better protect the interests of minority shareholders [3].