Core Viewpoint - Bohai Automotive has received approval from the Beijing State-owned Assets Supervision and Administration Commission for a significant acquisition and fundraising plan, which is expected to enhance its product offerings and financial performance [1][2]. Group 1: Acquisition Details - Bohai Automotive plans to acquire equity stakes in four automotive parts companies from its indirect controlling shareholder, Beijing Automotive Group, for a total consideration of 2.728 billion yuan [1]. - The acquisition includes 51% of Beijing Beiqi Moulding Technology Co., 51% of Beiqi Andautuo (Langfang) Seating Co., 100% of Ingaf Intelligent Technology (Beijing) Co., and 50% of Langfang Laini Wiring System Co., with respective valuations of 1.626 billion yuan, 129 million yuan, 18 million yuan, and 955 million yuan [1]. Group 2: Financing Structure - The payment for the acquisition will be a combination of issuing shares worth 2.319 billion yuan and cash payment of 409 million yuan, with the share price set at 3.44 yuan per share, resulting in an estimated issuance of approximately 674 million shares, accounting for 41.49% of the post-issue total share capital [2]. - Bohai Automotive aims to raise up to 1.379 billion yuan through a private placement to fund the cash consideration and various projects, including 200 million yuan for updating automotive bumper production lines and 255 million yuan for smart vehicle communication systems [2]. Group 3: Financial Impact - Following the acquisition, Bohai Automotive's total assets are projected to increase from 7.410 billion yuan to 12.364 billion yuan, representing a growth of 66.84%, while revenue is expected to rise from 4.227 billion yuan to 9.276 billion yuan, a 119.41% increase, indicating improved profitability [2]. - In the first half of the year, Bohai Automotive reported a revenue of 1.712 billion yuan, a year-on-year decline of 26.46%, but a net profit of 301 million yuan, a significant increase of 365.97%, primarily due to the exclusion of its German subsidiary from the consolidated financials [3].
渤海汽车重大资产重组获批 股价强势涨停