Dare Auto(SZ:300473) Ju Chao Zi Xun·2025-11-10 06:05Core Viewpoint - Del's Automotive Parts Co., Ltd. has received approval from the Shenzhen Stock Exchange for its asset acquisition and fundraising plan, which is a significant step for the company's merger and acquisition strategy in the industry [2] Group 1: Transaction Details - The transaction consists of two parts: Del plans to acquire 100% of Aizhuo Intelligent Technology Co., Ltd. by purchasing 70% of its shares from Shanghai Deri Industrial Group for a price of 270 million yuan, while also acquiring the remaining 30% at zero cost [3] - The share issuance price is set at 14.15 yuan per share, which is 80% of the average trading price over the previous 120 trading days, with an expected issuance of approximately 19.08 million shares, accounting for 11.22% of the total share capital post-issuance [3] Group 2: Fundraising and Allocation - Del plans to raise up to 82.7 million yuan through a private placement to no more than 35 specific investors, with the funds allocated primarily to three projects: 49.2 million yuan for the smart upgrade of automotive decorative parts (Phase 1), 23.5 million yuan for the R&D center, and 10 million yuan for intermediary fees and taxes [4] - The fundraising is contingent upon the successful implementation of the share issuance for asset acquisition, but the acquisition will proceed regardless of the fundraising outcome [4] Group 3: Company Profile and Valuation - Aizhuo Technology, established in 2005, specializes in the R&D, production, and sales of automotive film and covering parts, recognized as a national high-tech enterprise with multiple intellectual property rights [4] - The 100% equity of Aizhuo Technology is valued at 270 million yuan based on the income approach, reflecting a 392.12% appreciation, with a projected net profit commitment for 2025, 2026, and 2027 of no less than 23.4 million yuan, 27 million yuan, and 34 million yuan, respectively [5]