DORIGHT(SZ:300950) Zhong Guo Jing Ji Wang·2025-07-14 03:44Core Viewpoint - The company, Degute (300950.SZ), has announced a plan to acquire 100% of Haowei Cloud Computing Technology Co., Ltd. through a combination of issuing shares and cash payments, along with raising matching funds through a private placement of shares [1][2][5]. Group 1: Acquisition Details - The acquisition involves purchasing shares from 14 trading partners, including Nanjing Xiruan and ZTE Corporation [2][3]. - The share issuance price for the acquisition is set at 14.35 yuan per share, which is not less than 80% of the average trading price over the previous 120 trading days [3][4]. - The total number of shares to be issued for the acquisition will be determined by the shareholders' meeting and must be approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [3][4]. Group 2: Fundraising and Financial Implications - The company plans to raise matching funds through a private placement to no more than 35 qualified investors, with the total amount not exceeding 100% of the transaction price for the asset acquisition [4][5]. - The funds raised will be used for cash payments related to the transaction, intermediary fees, and to supplement working capital [5]. - The transaction is expected to constitute a major asset restructuring, although the valuation of the target assets has not yet been finalized [5][6]. Group 3: Financial Performance of Haowei Technology - Haowei Technology reported revenues of 386.13 million yuan, 365.42 million yuan, and 33.39 million yuan for the years 2023 to Q1 2025, with net profits of 20.22 million yuan, 20.50 million yuan, and a loss of 13.33 million yuan respectively [6]. - The company has no controlling shareholder or actual controller as of the date of the announcement [6]. Group 4: Company Background - Degute was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on March 3, 2021, with an initial issuance of 25 million shares at a price of 8.41 yuan per share [7]. - The company raised a total of 210.25 million yuan, with a net amount of 175.69 million yuan after deducting issuance costs [7]. - The company has experienced fluctuations in revenue and net profit from 2022 to 2024, with a notable decline in Q1 2025 [8].