Core Viewpoint - The company, Dadi Ocean (301068), announced its plan to acquire 100% equity of Veolia Resource Recycling (Hangzhou) Co., Ltd. for a total consideration of 59.6652 million yuan, which will enhance its capabilities in electronic waste recycling and strengthen its market position [1][3]. Group 1: Acquisition Details - The acquisition consists of two parts: 40 million yuan for 67.0408% equity from Veolia China and 19.6652 million yuan for 32.9592% equity from Dadi Environmental [1]. - The transaction has been approved by the company's board and does not require shareholder approval [1]. Group 2: Target Company Overview - Veolia China was established in Hong Kong in August 2004 with a registered capital of 47.746 million USD, fully owned by Veolia Eau-Compagnie Generale des Eaux S.C.A. [2]. - Veolia Hangzhou, founded in November 2011, has a registered capital of 98 million yuan and is one of the few companies in Zhejiang with qualifications to process various electronic waste [2]. - The company has an annual dismantling capacity of 3.5232 million units and operates nine specialized dismantling lines [2]. Group 3: Financial Performance - As of March 31, 2025, Veolia Hangzhou reported total assets of 195 million yuan, total liabilities of 167 million yuan, and net assets of 28.3253 million yuan [2]. - For the first quarter of 2025, the company achieved a revenue of 3.2763 million yuan but incurred a net loss of 734,300 yuan [2]. - In 2024, the revenue was 15.6357 million yuan with a net loss of 1.07285 million yuan, attributed to strategic shifts by Veolia China [2]. Group 4: Valuation and Strategic Rationale - The acquisition price is based on an asset appraisal report, with the total equity value of Veolia Hangzhou assessed at 59.7506 million yuan, reflecting a 110.94% increase over the book net assets [3]. - The acquisition aligns with the company's strategic goals, enhancing its electronic waste dismantling capabilities and improving resource integration and market share [3]. - The transaction aims to create a closed-loop industrial chain of "recycling-dismantling-utilization," improving resource turnover efficiency and overall profitability [3].
水务巨头威立雅出售项目公司股权 大地海洋接手