Mei Ri Jing Ji Xin Wen·2025-11-03 15:32Core Viewpoint - Tianyang Technology plans to acquire 5.02% of Baolande's shares, marking its second acquisition of an A-share listed company in less than two months, indicating a strategic move to strengthen its position in the financial sector [1][2][3]. Group 1: Acquisition Details - Tianyang Technology intends to acquire 5.83 million shares of Baolande at a price of 26.56 yuan per share, totaling 155 million yuan [1][2]. - After the transaction, Tianyang Technology will become the second-largest shareholder of Baolande, following the controlling shareholder, Yi Cundao [2]. - The funding for this acquisition will come from the company's own funds, which stood at 911 million yuan as of the end of Q3 2025 [2]. Group 2: Company Background and Strategy - Tianyang Technology focuses on clients in the banking and financial sectors, and views Baolande as a leading middleware provider, which can enhance its capabilities in the financial industry [2]. - The acquisition is expected to facilitate collaboration between the two companies, enhancing customer retention and market reach [2]. Group 3: Baolande's Financial Performance - Baolande reported a revenue of 138 million yuan for the first three quarters of 2025, a year-on-year decline of 31.83%, with a net loss of 92.6 million yuan [5]. - In Q3 2025, Baolande's revenue was 56.2 million yuan, down 9.81% year-on-year, with a net loss of 24.8 million yuan [5]. Group 4: Shareholder Actions - Yi Cundao, the controlling shareholder of Baolande, has previously sold over 33 million yuan worth of shares, indicating a pattern of divestment [4]. - The current share transfer is aimed at bringing in strategic investors who recognize Baolande's long-term value and can help enhance its market competitiveness [4].