ZHONGTIAN SERVICE(SZ:002188) Zheng Quan Zhi Xing·2025-07-14 12:12Overview - The company, Zhongtian Service Co., Ltd., is planning to acquire 100% equity of Hangzhou Tuoshen Technology Co., Ltd. for a transaction price of RMB 52.0322 million [1][5][8] - The acquisition is part of a strategic move to enhance the company's capabilities in digital power and safety solutions, leveraging core technologies to improve service efficiency and safety [6][9] Transaction Details - The transaction involves the purchase of equity held by Shanghai Tianji, which is an affiliated entity of the company [1][2] - The equity being acquired corresponds to a capital contribution of RMB 3.578558 million, representing a 6.67% stake in Hangzhou Tuoshen [1][8] - The transaction has been approved by the board of directors and requires further approval from the shareholders' meeting, with related parties abstaining from voting [1][10] Financial Assessment - The valuation of Hangzhou Tuoshen's total equity was assessed at RMB 780.0925 million as of December 31, 2024, with the specific equity value for the transaction set at RMB 52.0322 million [5][8] - The financial performance of Hangzhou Tuoshen includes total assets of RMB 55,806.93 million, total liabilities of RMB 20,494.25 million, and a net profit of RMB 3,561.65 million for the year ending December 31, 2024 [4] Strategic Implications - The acquisition is expected to create synergies between the two companies, enhancing market competitiveness and promoting sustainable development [9][11] - The transaction aligns with the company's long-term strategic goals and is deemed beneficial for all shareholders, particularly in the context of expanding digital technology applications in the property sector [9][10]