Bestore(SH:603719) Xin Lang Cai Jing·2025-09-22 06:49Core Viewpoint - The acquisition of a stake in Liangpinpuzi Co., Ltd. by Wuhan Yangtze International Trade Group Co., Ltd. has received unconditional approval, but the transaction faces uncertainties due to a prior dispute over share transfer [1][2]. Group 1: Acquisition Details - Wuhan Yangtze International Trade Group Co., Ltd. has been approved to acquire approximately 29.99% of Liangpinpuzi's total shares, which includes a transfer of about 72.24 million shares from its controlling shareholder, Ningbo Hanyi Venture Capital Partnership [1][2]. - The share transfer agreement was signed on July 17, with Ningbo Hanyi transferring 18.01% and Liangpinpuzi Investment Management Co., Ltd. transferring 2.99% of the total shares [1][2]. Group 2: Legal Disputes - A legal dispute arose when Ningbo Hanyi entered negotiations with Guangzhou Light Industry and Trade Group Co., Ltd. regarding the transfer of shares, leading to a lawsuit filed by Guangzhou Light Industry on July 14, which resulted in the freezing of approximately 56.46% of Ningbo Hanyi's shares in Liangpinpuzi [2]. - The lawsuit involves a monetary amount of 1.023 billion yuan, and the case has been accepted by the court but has not yet gone to trial [2]. Group 3: Additional Agreements - On September 17, Liangpinpuzi announced that a shareholder, Dayong Co., Ltd., signed a share transfer agreement with Wuhan Yangtze, agreeing to transfer 8.99% of its shares at a price of 12.34 yuan per share, totaling 445 million yuan [2]. - The deadline for this share transfer agreement has been extended by 30 days to October 15, 2025 [2]. Group 4: Regulatory Approvals - The share transfer is subject to approval from state-owned asset supervision authorities, compliance confirmation from the Shanghai Stock Exchange, and registration with the China Securities Depository and Clearing Corporation [3]. Group 5: Market Performance - As of September 22, Liangpinpuzi's stock price decreased by 1.31%, trading at 12.77 yuan per share, with a market capitalization of 5.125 billion yuan [4].