DOUBLESTAR(SZ:000599) Zheng Quan Zhi Xing·2025-08-27 16:40Core Viewpoint - Qingdao Double Star Co., Ltd. plans to issue shares and pay cash to acquire assets and raise supporting funds through a related transaction involving the purchase of all equity interests in the Qingdao Star Investment Fund and a 0.0285% stake in Qingdao Star Micro International [12][16]. Group 1: Transaction Overview - The transaction involves issuing shares to Double Star Group, City Investment Venture Capital, and Guoxin Capital, while cash payments will be made through its wholly-owned subsidiary, Sanwu Nine Company, to acquire the assets [12][16]. - The total transaction price, excluding the amount for raising supporting funds, is approximately 4,926,588,081.49 RMB [12][14]. - The transaction is classified under the rubber and plastic products industry (C29) and aims to enhance the company's control over Kumho Tire, which is primarily engaged in tire research, production, and sales [12][13]. Group 2: Asset Evaluation - As of the evaluation benchmark date of December 31, 2023, the total equity value of the Star Investment Fund was assessed at 492,518.30 million RMB, with an increase of 41.23% [14][15]. - The equity value of Qingdao Star Micro International was evaluated at 493,011.05 million RMB, reflecting a 53.30% increase [14][15]. - The evaluation results will serve as the basis for the transaction price, and the company will not adjust the transaction price based on subsequent evaluations [16]. Group 3: Compliance and Commitments - The company and its board members guarantee the accuracy and completeness of the transaction report, committing to legal responsibilities in case of any misleading information [2][3]. - The transaction requires approval from the shareholders' meeting and relevant regulatory authorities before it can be finalized [3][4]. - The transaction is structured to comply with the regulations set forth by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [10][11].