Hengtong Logistics(SH:603223) Zheng Quan Zhi Xing·2025-07-01 16:31Core Viewpoint - The company, Hengtong Logistics Co., Ltd., plans to acquire 100% equity of its subsidiary, Guangxi Huatong Energy Technology Co., Ltd., from its controlling subsidiary, Huaheng Energy Co., Ltd., for a total consideration of 81,811,985.71 yuan as part of its strategy to better integrate resources and enhance its LNG-related business operations [1][2][10]. Transaction Overview - The acquisition is based on the need to dispose of the equity of Guangxi Huatong due to the planned dissolution of Huaheng Energy [2][6]. - The transaction was approved by the company's board of directors and does not require shareholder approval [2][10]. - The funding for the acquisition will come from the self-owned or self-raised funds of Hengtong's subsidiary, Hengfu Oasis [2][6]. Counterparty Information - The counterparty for the transaction is Huaheng Energy Co., Ltd., which holds a 73% stake in Hengtong Logistics and has a registered capital of 106 million yuan [3][4]. Target Company Information - Guangxi Huatong Energy Technology Co., Ltd. was established on September 22, 2017, with a registered capital of 10 million yuan and operates in the fields of new energy technology consulting and transportation [4][5]. - The financial status of Guangxi Huatong is normal, with no significant performance risks [5]. Financial Data - As of June 30, 2025, Guangxi Huatong's total assets were approximately 80.17 million yuan, with total liabilities of about 0.33 million yuan and a net profit of approximately -2.05 million yuan [6]. - The valuation of the target assets was determined to be 98.95 million yuan based on an asset assessment conducted by a qualified evaluation company [6][7]. Purpose and Impact of the Transaction - The transaction aims to facilitate the integration of resources and improve the company's LNG-related business operations [9][10]. - The pricing of the transaction is based on the assessment results and is deemed fair, ensuring no harm to the interests of the company and its shareholders [10].