新凤鸣孙公司拟购亏损企业股权36%股权交易价格比评估值高60%

Core Viewpoint - The company, Xin Feng Ming, announced the acquisition of a 36% stake in Zhejiang Jinlian Port Co., Ltd. for 70.08 million yuan, despite Jinlian Port's projected losses for 2024 and Q1 2025 [1][2][3]. Group 1: Acquisition Details - The acquisition is aimed at enhancing the raw material supply chain capabilities of Xin Feng Ming's wholly-owned subsidiary, Zhejiang Dushan Energy Co., Ltd. [1][2] - The transaction was approved by the company's board and does not require shareholder approval [2]. - Jinlian Port reported a net loss of 26.39 million yuan for 2024 and a loss of 4.26 million yuan for Q1 2025 [1][2]. Group 2: Financial Implications - The investment is expected to have a minimal impact on the company's performance in 2025 and beyond [3]. - Jinlian Port's net assets were approximately 47.86 million yuan at the end of the previous year [2]. Group 3: Valuation and Pricing - The valuation of Jinlian Port was assessed using both asset-based and income approaches, with the asset-based method yielding a value of about 120 million yuan for the entire company [4]. - The acquisition price of 70.08 million yuan is 60% higher than the estimated value of the 36% stake, which was approximately 43.64 million yuan based on the asset valuation [5].