GPTY(SZ:000545) Zhong Guo Jing Ji Wang·2025-09-24 06:24Core Viewpoint - Jinpu Titanium Industry (000545.SZ) experienced a significant drop in stock price, closing at 2.84 yuan, down 9.84%, following the announcement of the termination of a major asset swap and related transactions [1] Group 1: Transaction Details - The proposed transaction involved the acquisition of 100% equity of Nanjing Lide Oriental Rubber and Plastic Technology Co., Ltd. from Jinpu Dongyu and Dongtai Hengyutai, in exchange for certain assets from Jinpu Titanium's subsidiaries [2][3] - The assets to be swapped included parts of the assets and all liabilities of Jinpu Titanium's subsidiaries, with the aim of equal value exchange for 91% equity of Lide Oriental [2][3] Group 2: Termination Reasons - Jinpu Titanium's board decided to terminate the transaction due to significant uncertainties in continuing the major asset restructuring amid recent market environment changes [3] - The company had been actively working with relevant intermediaries to advance the transaction since the proposal was announced on July 14, 2025 [3] Group 3: Financial Aspects - The shares to be issued for the asset purchase were priced at 1.91 yuan per share, with a maximum issuance not exceeding 30% of the company's total share capital prior to the transaction [4] - The funds raised from the share issuance were intended for cash payments related to the transaction, intermediary fees, taxes, and to support Lide Oriental's ongoing projects, with a cap on liquidity support not exceeding 25% of the transaction price [4] Group 4: Related Party Transactions - The transaction was classified as a related party transaction, as Jinpu Dongyu is controlled by Guo Yantong, the daughter of the actual controller Guo Jindong [5][6] - Despite the transaction, the control of Jinpu Titanium remains unchanged, with Guo Jindong continuing as the actual controller [5]