Core Viewpoint - The acquisition of *ST Yazhen by new controlling shareholder Wu Tao is progressing smoothly, with a significant portion of shares already accepted for the offer, indicating a consolidation of control and potential future growth for the company [1][2]. Group 1: Acquisition Details - As of July 2, a total of 53.77 million shares, representing 20.46% of the company's total equity, have been accepted for the offer initiated by Wu Tao [1]. - Wu Tao's acquisition involves two parts: a share transfer agreement and a public offer, with the latter showing positive progress [2]. - The share transfer agreement was signed on April 17, with the transfer of 29.99996% of shares completed on May 29 at a price of 5.68 yuan per share [1]. Group 2: Market Performance - From June 17 to June 26, *ST Yazhen's stock price increased by 29.43%, significantly deviating from the Shanghai Composite Index and the furniture manufacturing sector due to a suspension for verification [2]. - The company's latest market capitalization reached 4.464 billion yuan, influenced by the expectations surrounding Wu Tao and his company, Yuxiao Group [2]. Group 3: Background of Wu Tao - Wu Tao, born in September 1970, is the legal representative and chairman of Yuxiao Group, which he controls 80% of, with a registered capital of 200 million yuan [2]. - Yuxiao Group, established in 1995, specializes in the mining and utilization of various mineral resources, with net assets exceeding 10 billion yuan by the end of 2024 [2]. Group 4: Related Company Developments - Wu Tao previously acquired shares in *ST Youjiu, becoming the largest shareholder and later serving as a non-independent director [3]. - *ST Youjiu has since changed its name to Shanghai Yuxiao Rare Earth Co., Ltd., focusing on mining and trading [3]. - The company faced shareholder dissatisfaction due to numerous related party transactions, with significant opposition to a proposed 1.033 billion yuan related transaction in 2024 [3].
*ST亚振披露要约收购进展:20.46%股份申报预受