智通财经网·2025-09-25 16:21Core Viewpoint - Xiangcai Co. plans to absorb and merge with Dazhihui through a share exchange, aiming to enhance its business capabilities and market position in the financial services sector [1][2] Group 1: Transaction Details - Xiangcai Co. will issue A-shares to Dazhihui shareholders as payment for the merger, with existing shares held by Xiangcai and Xinhu Group in Dazhihui being canceled and not participating in the exchange [1] - The dissenting shareholders of Xiangcai will have a buyout price based on the average trading price of Xiangcai shares over the 120 trading days prior to the merger, set at 7.51 CNY per share [1] - Dazhihui dissenting shareholders will have a cash option priced at the average trading price of Dazhihui shares over the same period, set at 9.53 CNY per share [1] - The total amount of funds raised for this transaction will not exceed 8 billion CNY, which will be allocated to various projects including financial modeling, digital securities construction, and debt repayment [1] Group 2: Strategic Benefits - The merger is expected to create significant synergies between the two companies, enhancing Xiangcai's service offerings in both domestic and international financial information services [2] - The integration aims to leverage both companies' strengths, facilitating user and resource sharing, technological collaboration, and market synergy [2] - Xiangcai intends to enhance its competitive edge in financial products and information technology through this merger, striving for a "1+1>2" effect to achieve substantial growth [2]