领益智造重大资产重组终止 另有隐情

Core Viewpoint - The major asset restructuring of Lingyi Zhizao has been terminated after the company submitted a withdrawal application to the Shenzhen Stock Exchange, despite previously receiving approval in August [2][4][5]. Group 1: Restructuring Status - On November 13, the Shenzhen Stock Exchange announced the termination of the major asset restructuring review for Lingyi Zhizao [2]. - The company had initially received approval for the restructuring on August 8 but failed to submit the registration documents thereafter [4][11]. - Lingyi Zhizao's withdrawal of the restructuring application was officially submitted on November 8, along with a request to adjust the asset purchase plan [5][12]. Group 2: Asset Purchase Plan Adjustments - The company plans to adjust the transaction method and price for acquiring control of Jiangsu Keda, shifting to a cash payment approach [4][12]. - The original plan involved issuing convertible bonds and cash to acquire 66.46% of Jiangsu Keda for a total price of 332 million yuan [5][6]. - The revised plan will not involve issuing convertible bonds or raising matching funds, thus not constituting a major asset restructuring under regulatory definitions [12][13]. Group 3: Implications of the Termination - The termination of the restructuring process raises questions about the performance forecasts and the rationale behind the asset's valuation, which had been scrutinized during the initial review [8]. - Lingyi Zhizao's automotive business aimed to transition from tier 2 to tier 1 suppliers through this acquisition, enhancing its capabilities in the automotive parts sector [7].