Xin Hua Cai Jing·2025-09-25 15:47Core Viewpoint - Dazhihui is undergoing a restructuring plan where Xiangcai Co. will conduct a share swap to absorb Dazhihui, leading to Dazhihui's delisting and dissolution as a legal entity [1] Group 1: Merger and Acquisition Details - Xiangcai Co. will directly cancel the shares held by Dazhihui and New Lake Group, which will not participate in the share swap [1] - The share swap ratio is set at 1:1.27, with Xiangcai Co. planning to issue a total of 2.282 billion shares [1] - Post-swap, Xiangcai Co.'s total share capital is expected to increase to 5.141 billion shares [1] Group 2: Financial Aspects - The A-share swap price for Xiangcai Co. is set at 7.51 yuan per share, while Dazhihui's A-share swap price is 9.53 yuan per share [1] - The total amount of funds raised from this transaction is not expected to exceed 8 billion yuan, which will be allocated for various projects including financial models, digital securities construction, and debt repayment [1] Group 3: Implications of the Transaction - This transaction is classified as a major asset restructuring and related party transaction [1]