Core Insights - Sichuan Xingdong Investment Group acquired control of Jingyi Co., Ltd. through a judicial auction, with the auction taking place on October 9 and 10, 2023 [2][3] - The total price for the acquisition was approximately 1.086 billion yuan, with Sichuan Xingdong planning to finance 651 million yuan through loans [3][4] - Sichuan Xingdong has no plans for restructuring Jingyi Co., Ltd. in the next year, focusing instead on supporting the company's existing business [5][6] Acquisition Details - Sichuan Xingdong won the auction for 75,184,700 shares, representing 29.99996% of Jingyi's total share capital [3] - The auction attracted significant attention, with over 320,000 viewers and 77 bids from five competitors [3] - The funding for the acquisition includes 435 million yuan from its own funds and 651 million yuan from acquisition loans [4] Future Plans - Sichuan Xingdong aims to enhance Jingyi's profitability and operational capabilities without any immediate restructuring plans [5] - The company has committed to not transferring its shares for 18 months following the acquisition [4] - Sichuan Xingdong's strategy is based on confidence in Jingyi's business prospects and long-term investment value [5][6] Company Background - Sichuan Xingdong is a state-owned enterprise under the supervision of the Meishan State-owned Assets Supervision and Administration Commission, with a debt ratio of 60.55% and annual revenue of approximately 2.859 billion yuan [6] - Jingyi Co., Ltd. specializes in copper processing, with its main products being copper pipes and rods, primarily serving the South China and East China markets [6]
眉山国资旗下企业将获精艺股份控制权 过半收购资金来自贷款 未来一年无重组计划