Core Viewpoint - The acquisition involves Fuhua Tongda Chemical Co., Ltd. purchasing shares of Shangwei Co., Ltd. through a cash subscription for a specific issuance of stocks, which will increase Fuhua's stake to over 30%, triggering a mandatory tender offer obligation unless exempted by the shareholders' approval [2][19]. Group 1: Acquisition Details - Fuhua Tongda plans to subscribe for up to 181,338,685 shares of Shangwei, which will increase its ownership from 25.35% to 42.21% post-acquisition [11][20]. - The acquisition is subject to approval from Shangwei's shareholders and regulatory bodies, including the Shanghai Stock Exchange and the China Securities Regulatory Commission [6][10]. - Fuhua has committed to not transferring the newly acquired shares for 36 months following the issuance [2][19]. Group 2: Financial Overview - Fuhua Tongda reported total assets of approximately 1,344,052.07 million yuan and net assets of 372,473.69 million yuan as of December 31, 2024 [6]. - The company has shown a revenue of 767,189.24 million yuan for the fiscal year ending December 31, 2024, with a net profit of 60,271.22 million yuan [7]. Group 3: Corporate Structure - Fuhua Tongda is controlled by Sichuan Leshan Fuhua Agricultural Science and Technology Investment Group, which holds 56.32% of its shares [5]. - The actual controller, Zhang Hua, has been the chairman since the company's establishment in December 2007 [5][6]. Group 4: Compliance and Legal Matters - Fuhua Tongda has not faced any administrative or criminal penalties in the last five years, indicating a clean legal standing [7]. - The acquisition process adheres to the regulations set forth in the Company Law and Securities Law of the People's Republic of China [2][19].
尚纬股份: 尚纬股份有限公司收购报告书摘要