连发重要公告，*ST宝鹰明日复牌

Core Viewpoint - *ST Baoying announced a significant change in its shareholding structure, with its controlling shareholder, Zhuhai Dahengqin Group, transferring approximately 75.96 million shares (5.01% of total shares) to Hainan Shitong Niu Investment Co., Ltd. This transfer will result in a new controlling shareholder and actual controllers, impacting the company's governance and future direction [1][3]. Group 1: Share Transfer and Capital Raising - The share transfer price is set at no less than 4.67 yuan per share, totaling at least 355 million yuan (including tax) [3]. - The company plans to issue up to approximately 423 million A-shares at a price of 1.89 yuan per share, raising a maximum of 800 million yuan (including tax) to enhance liquidity and repay debts [3][4]. - Following the completion of these transactions, Hainan Shitong Niu will become the new controlling shareholder, with Fu Xiaoqing and Fu Xiangde as the actual controllers [1][4]. Group 2: Strategic Objectives - The capital raised will be used to optimize the capital structure, reduce the debt ratio, and enhance the company's risk resistance capabilities [4][5]. - The new controlling shareholder's full subscription of the shares reflects confidence in the company's development prospects and aims to support business expansion [4][5]. - The issuance is expected to strengthen the management's initiative and lay a foundation for future strategic planning and business development [5]. Group 3: Business Expansion and Future Plans - *ST Baoying plans to establish a wholly-owned subsidiary with an investment of 30 million yuan to enter the high-end optical coupler industry, marking a strategic shift from traditional construction to the optoelectronic semiconductor sector [6]. - The company aims to leverage its brand influence in the Guangdong-Hong Kong-Macao Greater Bay Area and explore new infrastructure and smart city projects [7]. - In the first half of 2025, the company reported revenues of approximately 312 million yuan, a year-on-year decline of 74.35%, with a net profit attributable to shareholders of approximately -23.76 million yuan, indicating ongoing financial challenges [7].