Ge Long Hui A P P·2025-08-01 13:44Group 1 - The company *ST Yazhen (603389.SH) has approved a cash acquisition of 51% equity in Guangxi Zirconium Industry Technology Co., Ltd. for RMB 55.448985 million, based on an assessed total equity value of RMB 108.7235 million as of May 31, 2025, reflecting a 3.44% appreciation over the book value of the asset [1] - The company primarily operates in the mid-to-high-end furniture sector, which has faced growth challenges due to multiple factors including a deep adjustment in the real estate market, fluctuations in raw material prices, and macroeconomic changes [1] - The company is actively seeking new development opportunities to create profit growth points amid significant business growth pressure and industry bottlenecks [1] Group 2 - This transaction aligns with national strategic industrial development trends, aims to protect shareholder interests, and enhances the company's sustainable operational capacity and quality [2] - Following the completion of this transaction, the company's business will expand into the zirconium-titanium mining sector, which is expected to improve operational conditions and profitability, while diversifying operational risks and achieving a moderate diversification strategy [2]