退出大恒科技，徐翔家族渐别A股！8位买家背景公开

Core Viewpoint - The judicial auction of approximately 130 million unrestricted circulating shares held by Zheng Suzhen, the controlling shareholder of Daheng Technology, marks the end of the Xu Xiang family's involvement in the A-share market, leading to the company becoming "ownerless" [1][3][12]. Group 1: Company Ownership Changes - Daheng Technology announced that Zheng Suzhen has completely exited the company, resulting in a change of control to a state with no controlling shareholder or actual controller [3][4]. - The auction was completed with a total transaction price of approximately 1.712 billion yuan, with the new shareholders including seven individuals and one corporate entity, China New Era [1][3]. Group 2: Background of New Shareholders - Li Rongrong has become the largest shareholder of Daheng Technology, holding 40.46 million shares, which is 9.26% of the total share capital, with funding sources including 242 million yuan of personal funds and 120 million yuan of self-raised funds [3][4]. - China New Era, the only corporate buyer, provided approximately 237 million yuan for the auction, all from its own funds [4][7]. Group 3: Financial Implications and Market Reactions - The financing costs for some new shareholders are notably high, with borrowing rates reaching up to 12%, raising concerns about the financial stability of the new ownership structure [5][6]. - Analysts suggest that the absence of a controlling shareholder may lead to instability in control and potential shareholder disputes, necessitating stronger governance mechanisms [5][6]. Group 4: Company Performance and Future Plans - Daheng Technology has experienced a decline in net profit for three consecutive years, with a reported loss of 2.7405 million yuan in the first half of the current year [8]. - The company plans to establish a wholly-owned subsidiary in Shanghai with an investment of 600 million yuan to engage in semiconductor-related auxiliary equipment business, aiming to enhance its strategic development [8].