新大正二连板 重大资产重组浮出水面

Core Viewpoint - New Dazheng (002968) plans to acquire at least 51% of Jiaxin Liheng Facility Management (Shanghai) Co., Ltd., marking a significant asset restructuring transaction [1][2] Group 1: Acquisition Details - New Dazheng intends to issue shares and pay cash for the acquisition, with the transaction expected to be disclosed within 10 trading days [1] - The stock of New Dazheng was suspended from trading due to the acquisition planning, with a recent stock price of 13.08 yuan per share and a market capitalization of 3 billion yuan [1] - The main shareholder of Jiaxin Liheng Facility is TS Capital Facility Management Holding Company Limited, holding 53% of the shares [1] Group 2: Industry Context - The property management industry is undergoing a transformation from scale expansion to quality improvement amid macroeconomic pressures and real estate sector adjustments [2] - New Dazheng's performance has been under pressure, but it has seen a 0.9 percentage point increase in gross margin year-on-year due to efforts in restructuring and digital transformation [2] Group 3: Previous Transactions - New Dazheng has actively pursued acquisitions to expand its business boundaries, including the purchase of 100% of Sichuan Minxing Property Management Co., Ltd. in 2021 and other acquisitions in 2023 [2] - A previous attempt to acquire 80% of Yunnan Cangheng Investment Co., Ltd. for 788 million yuan was terminated due to delays and disagreements over performance commitments [2]