ZHONGHENG GROUP(SH:600252) Zheng Quan Zhi Xing·2025-08-26 10:24Core Viewpoint - The legal opinion letter indicates that Guangxi Investment Group Co., Ltd. and its concerted actions are exempt from making a tender offer due to the share repurchase by Guangxi Wuzhou Zhongheng Group Co., Ltd. which resulted in their combined shareholding exceeding 30% [2][14]. Group 1: Acquisition Details - Guangxi Investment Group is acquiring shares in Guangxi Wuzhou Zhongheng Group, which has led to a passive increase in their shareholding above 30% due to the company's share repurchase [2][10]. - The repurchase plan involves using between RMB 300 million and RMB 500 million to buy back shares at a price not exceeding RMB 3.80 per share, with the repurchase period set for six months [11][12]. Group 2: Company Qualifications - Guangxi Investment Group is a state-owned limited liability company with a registered capital of RMB 2.3 billion, established on March 8, 1996, and is currently in good standing [6][7]. - Guangxi Health Industry Group Co., Ltd., a wholly-owned subsidiary of Guangxi Investment Group, is also qualified as a concerted action party in this acquisition [8][10]. Group 3: Legal Compliance - Both Guangxi Investment Group and its concerted action party do not fall under any prohibitive conditions outlined in the Acquisition Management Measures, confirming their eligibility for the acquisition [10][11]. - The acquisition meets the criteria for exemption from making a tender offer as stipulated in the Share Repurchase Rules and the Acquisition Management Measures [14].