Core Viewpoint - The report outlines the equity change of Xinjiang Baodi Mining Co., Ltd. due to the acquisition of 82% equity in Xinjiang Congling Energy Co., Ltd. by issuing shares and cash payment to Kizilsu Congling Industrial Co., Ltd. [1][5] Group 1: Equity Change Details - The equity change is characterized as an increase through asset acquisition, specifically the purchase of 82% equity in Congling Energy [1][5] - After the transaction, Kizilsu Congling will hold 116,528,117 shares in Baodi Mining, representing 12.71% of the total shares [7][19] - Prior to this transaction, Kizilsu Congling did not hold any shares in Baodi Mining [5][12] Group 2: Transaction Structure - The transaction involves issuing shares and a cash payment totaling 64,575 million RMB for the acquisition of Congling Energy [10][16] - The share issuance price is set at 5.15 RMB per share, which is not lower than 80% of the average stock price over the previous 120 trading days [8][10] - The total number of shares to be issued is 116,528,117, calculated based on the transaction price and share price [10][11] Group 3: Regulatory and Approval Process - The transaction requires several approvals, including from state-owned asset supervision authorities, the shareholders' meeting, and the China Securities Regulatory Commission [2][10] - The report confirms that the necessary authorizations and approvals have been obtained for the equity change [2][5] Group 4: Financial Overview of Congling Energy - As of December 31, 2024, Congling Energy's total assets were 71,031.45 million RMB, with total liabilities of 38,619.10 million RMB, resulting in owners' equity of 32,412.35 million RMB [15] - The revenue for 2024 was reported at 35,563.38 million RMB, with a net profit of 8,491.90 million RMB [15]
宝地矿业: 新疆宝地矿业股份有限公司简式权益变动报告书(葱岭实业)