Bauing Decoration(SZ:002047) Mei Ri Jing Ji Xin Wen·2025-10-24 15:19Group 1 - The core point of the article is that *ST Baoying has received approval from its board for a private placement of shares to Hainan Shitong Niu Investment Co., Ltd, aiming to raise up to 800 million RMB for working capital and debt repayment [1] - The number of shares to be issued is not more than approximately 423 million shares, which does not exceed 30% of the company's total share capital prior to the issuance, complying with the regulations of the China Securities Regulatory Commission [1] - The issuance price is set at 1.89 RMB per share, and the company reported that its revenue composition for the first half of 2025 includes 61.06% from decoration and renovation, 29.92% from construction engineering, and 9.02% from other sources [1] Group 2 - As of the report, *ST Baoying has a market capitalization of 3.7 billion RMB [2] - A notable transaction involved a well-known brand spending 170 million RMB to acquire 2,000 shares of a target company with a registered capital of only 10,000 HKD, raising questions about the necessity of the acquisition [2]