Core Viewpoint - The announcement details a share swap agreement between Wutong International and Weihuada, aimed at establishing a strategic alliance and enhancing both companies' profitability and market presence [1][2][3] Group 1: Share Swap Agreement Details - Wutong International will subscribe to 760,250,187 shares of Weihuada, representing approximately 12.30% of Weihuada's issued share capital as of the announcement date, at a price of about HKD 0.494 per share, totaling approximately HKD 375,563,592.51 [1] - Weihuada will subscribe to 189,105,535 shares of Wutong International, representing about 19.69% of Wutong's issued share capital as of the announcement date, at a price of about HKD 1.986 per share, also totaling approximately HKD 375,563,592.51 [1] Group 2: Strategic Implications - The share swap will result in Wutong International holding approximately 15.54% of Weihuada's enlarged issued share capital, while Weihuada will hold about 17.56% of Wutong's enlarged issued share capital [2] - The agreement is expected to create strategic alignment, synergies, market expansion, and enhance financial conditions and shareholder value for both companies [2][3] Group 3: Financial Impact and Future Outlook - The share swap aims to achieve higher profitability, increased market share, and long-term growth, ultimately creating value for shareholders and enhancing returns [3] - This marks the first time the company has utilized its general authorization to issue new shares in at least 15 years, with no cash consideration involved, thus preserving internal financial resources [3]
梧桐国际(00613.HK)与威华达透过交叉持股建立战略联盟 提高集团收益及盈利能力