Zhong Guo Jing Ji Wang·2025-11-09 07:42Core Viewpoint - The Shenzhen Stock Exchange's M&A Review Committee approved the asset purchase by Del Automotive Parts Co., Ltd. (德尔股份) on November 7, 2025, confirming compliance with restructuring conditions and information disclosure requirements [1]. Group 1: Transaction Details - Del Automotive plans to issue shares to acquire 70% of Aizhuo Technology from Shanghai Deri, with a zero-cost acquisition of the remaining 30% from Xing Baichang Partnership [2][3]. - The total transaction price for the equity of Aizhuo Technology is set at 270 million yuan, reflecting a significant increase in value compared to previous assessments [3]. - The share issuance will consist of 19,081,272 shares at a price of 14.15 yuan per share, which is at least 80% of the average trading price over the last 120 trading days [3]. Group 2: Fundraising and Use of Proceeds - Del Automotive intends to raise up to 82.7 million yuan through the issuance of shares to no more than 35 specific investors, with the fundraising contingent on the successful completion of the asset purchase [4]. - The proceeds will be allocated to projects including the smart upgrade of automotive decorative parts at Aizhuo Intelligent Technology and the establishment of a research and development center [5][6]. Group 3: Related Party Transactions - The transaction involves related parties, as both Shanghai Deri and Xing Baichang Partnership are controlled by the company's actual controller, Li Yi [6][7]. - The transaction does not meet the criteria for a major asset restructuring as defined by relevant regulations, and there will be no change in the company's actual control [6][7]. Group 4: Advisory and Compliance - The independent financial advisor for this transaction is Dongfang Securities Co., Ltd., with project leaders Lu Guochun and Zhu Wei overseeing the process [8].