NBTM(SH:600114) Zheng Quan Zhi Xing·2025-08-21 17:00Core Viewpoint - Dongmu New Materials Group Co., Ltd. plans to issue shares and pay cash to acquire a 34.75% stake in Shanghai Fuchi High-Tech Co., Ltd. and raise matching funds through the issuance of shares to no more than 35 specific investors [1][12]. Transaction Overview - The transaction involves issuing shares and paying cash to acquire assets, specifically the 34.75% equity of Shanghai Fuchi [10][11]. - The total amount of matching funds raised will not exceed 100% of the transaction price for the asset acquisition [12]. - The transaction is subject to approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [3][12]. Financial Impact - The estimated transaction price for the 34.75% stake in Shanghai Fuchi is approximately 73.46 million yuan, based on an assessed value of 193.8 million yuan for 100% of the equity, reflecting a 105.44% increase [11][12]. - After the transaction, the total share capital of the company will increase from 616,383,477 shares to 653,675,737 shares, assuming the issuance of 37,292,260 new shares [13][14]. Strategic Importance - The acquisition is expected to enhance the company's core competitiveness in the MIM (Metal Injection Molding) business, leveraging synergies between powder metallurgy technologies [12][13]. - The transaction aligns with the company's strategy to focus on high-quality development and provide optimal material solutions for new energy and high-end manufacturing [12][13]. Shareholder Commitments - Major shareholders, including Mu Metal and Ningbo Jinguang, have expressed their principle support for the transaction, indicating it aligns with legal requirements and benefits the company and its shareholders [18]. - Shareholders have committed not to reduce their holdings during the transaction process [18]. Investor Protection Measures - The company will adhere to strict information disclosure obligations to protect the rights of investors, particularly minority shareholders [19]. - The transaction will follow fair and transparent procedures, ensuring that related party transactions are approved in compliance with regulations [19].