Zheng Quan Ri Bao Wang·2025-08-13 10:45Group 1 - The core viewpoint of the news is that *ST Songfa has successfully completed a major asset restructuring project, transitioning from traditional ceramic manufacturing to high-end marine equipment manufacturing [1] - Guangzhou Asset Management, a subsidiary of Guangzhou Yuexiu Capital Holdings Group, has become the eighth largest shareholder of *ST Songfa through this restructuring [1] - The restructuring involves divesting ceramic manufacturing capacity and injecting 100% equity of Hengli Heavy Industry, which focuses on large shipbuilding and marine engineering equipment [1] Group 2 - Guangzhou Asset Management is committed to a transformation strategy focused on investment banking, aiming to support listed companies in distress and enhance industrial value [2] - The company has previously invested in several distress projects, including Guangdong Rongtai and Rendong Holdings, to stabilize regional finance [2] - Guangzhou Asset Management will continue to focus on its core responsibilities, including the acquisition and disposal of non-performing assets, to support high-quality development in Guangdong Province [2]