Guotai Group(SH:603977) 智通财经网·2025-11-13 09:43Core Viewpoint - Cathay Group (603977.SH) announced the acquisition of 100% equity in Beijing Mining Explosive Technology Co., Ltd. (referred to as "Beijing Mining Explosive" or "target company") for RMB 110 million through a public bidding process [1] Group 1: Acquisition Details - The acquisition price for the 100% equity of Beijing Mining Explosive is RMB 110 million [1] - The successful acquisition will ensure that the company's on-site mixed explosive production capacity meets industry planning requirements, stabilizing its core business in civil explosives [1] Group 2: Strategic Benefits - The operational entity and core business of Beijing Mining Explosive are located in Jiangxi Province, which is highly synergistic with the company's market area, thus safeguarding the core development interests of the civil explosive business [1] - Leveraging Beijing Mining Explosive's extensive underground blasting and mining engineering experience, along with its technical and talent advantages, will create a synergistic effect that enhances the company's ability to provide integrated solutions for large mines [1] - The on-site mixed explosive production capacity and high-level blasting operation qualifications of Beijing Mining Explosive will significantly enhance the company's production capacity, industry position, and integrated blasting service capabilities [1] Group 3: Industry Context - This acquisition aligns with the national policy for the transformation and upgrading of the civil explosive industry and meets the provincial state-owned assets and enterprises' requirements to focus on core responsibilities and enhance core competitiveness [1] - The acquisition is in accordance with the civil explosive industry's encouragement of mergers and acquisitions, aimed at increasing industry concentration and strengthening the civil explosive sector [1]