SKGF(SZ:002633) Zheng Quan Zhi Xing·2025-08-12 16:23Core Viewpoint - Shenzhen Huili Hongsheng Industrial Holdings (Limited Partnership) is making a mandatory tender offer for all publicly traded shares of Shinke Sliding Bearing Co., Ltd. at a price of RMB 16.13 per share, following its acquisition of 41.89% of the company's shares [3][18]. Company Overview - Shinke Sliding Bearing Co., Ltd. is primarily engaged in the research, production, and sales of thick-walled sliding bearings and related components, with products widely used in high-speed, heavy-load, high-precision, and high-power machinery [5][6]. - The company is listed on the Shenzhen Stock Exchange under the stock code 002633 [2]. Financial Performance - The company's financial data for recent years shows fluctuating revenues and net profits, with a net profit of RMB 86.03 million in 2022, followed by losses in subsequent years [6][7]. - As of the first quarter of 2025, the total assets were RMB 64,863.78 million, with total liabilities of RMB 21,735.42 million, indicating a stable asset base [6]. Shareholding Structure - As of the report date, the total issued shares of the company are 150 million, with 149,418,750 shares being unrestricted circulating shares [9]. - The tender offer is aimed at acquiring 86,587,534 shares, representing 57.73% of the total shares, from shareholders other than the current major shareholders [3][18]. Acquisition Details - The acquisition is triggered by Shenzhen Huili's purchase of shares from the current major shareholders, necessitating a mandatory tender offer for the remaining shares [18]. - The offer price of RMB 16.13 per share is based on the highest price paid for shares in the last six months prior to the announcement [19]. Future Plans - Shenzhen Huili does not currently plan to increase its stake in Shinke Sliding Bearing Co., Ltd. beyond the tender offer and the shares already acquired [21]. - The acquisition is not intended to terminate the listing status of Shinke Sliding Bearing, and the acquirer will ensure compliance with listing requirements [18][21].