Zheng Quan Ri Bao Wang·2025-06-10 03:47Core Viewpoint - Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. (Xinzhu Co.) has resumed trading after a 10-day suspension, opening with a price of 7.19 yuan per share, reflecting a 9.94% increase [1]. Group 1: Major Asset Transactions - Xinzhu Co. announced a significant asset sale and related transactions, including the sale of 100% equity in Sichuan Development Maglev Technology Co., Ltd. and other related assets to Sichuan Shudao Rail Transit Group [2]. - The company plans to sell 100% equity in Chengdu Xinzhu Transportation Technology Co., Ltd. to Sichuan Road and Bridge Construction Group, along with other related assets and liabilities [2]. - Xinzhu Co. will issue shares and pay cash to acquire 60% equity in Sichuan Shudao Clean Energy Group, with the transaction expected to constitute a major asset restructuring and related party transaction [2]. Group 2: Strategic Focus and Financial Improvement - The company aims to strategically exit the maglev and bridge component businesses, focusing on clean energy generation, which is expected to improve operational conditions and enhance sustainable growth potential [3]. - Shudao Clean Energy, now a subsidiary, specializes in clean energy projects, including hydropower, wind power, and solar energy, with a total installed capacity of 11.5 million kilowatts [3]. - The restructuring is anticipated to concentrate resources on core competencies, allowing Xinzhu Co. to leverage Shudao Clean Energy's market share and customer base for growth in the clean energy sector [4]. Group 3: Fundraising and Future Prospects - Xinzhu Co. plans to issue shares to no more than 35 qualified investors to raise funds not exceeding 100% of the transaction price for asset acquisition, with a maximum of 30% of total shares post-transaction [4]. - The raised funds will be allocated for cash payments, taxes, intermediary fees, project construction, and debt repayment [4]. - Analysts suggest that the strategic restructuring will enhance financial conditions, market competitiveness, and corporate governance, positioning the company for a successful transformation and broader development prospects [4].