LAT(SZ:000697) Xin Lang Cai Jing·2025-09-11 01:48Core Viewpoint - ST炼石 has made significant progress in its restructuring efforts, with seven external investors committing a total of 1.238 billion yuan to acquire 200 million shares, while retaining no control over the company [1][2] Group 1: Restructuring Details - The pre-restructuring investment agreement was signed with seven investors, marking a key advancement in the pre-restructuring process, which has been extended until October 6, 2025 [1] - All investors will use their funds primarily to cover restructuring costs and repay debts, with any remaining funds allocated to production and operations [1] Group 2: Investor Composition - The seven investors are from various regions including Guangxi, Guizhou, Shenzhen, Beijing, and Jiangxi, with no local Sichuan funding involved [1] - The investment commitments include: - Guizhou Aviation's consortium plans to invest 152.55 million yuan for 27 million shares - A Beijing-based fund intends to invest 282.5 million yuan for 50 million shares - A Shenzhen asset management entity aims to invest 336.5 million yuan for 50 million shares - Other investments include 201.9 million yuan for 30 million shares and 151.55 million yuan for 23 million shares [2] Group 3: Company Background - ST炼石 was listed on the Shenzhen Stock Exchange in 1997 and has undergone multiple strategic transformations, including a bankruptcy restructuring to acquire mining assets and a shift to aviation manufacturing [2] - As of June 2025, the company reported total assets of approximately 3.755 billion yuan and a net asset value of only 43 million yuan, with overdue debts amounting to around 1 billion yuan as of April [2]