TFC(SZ:300394) Zhong Guo Jing Ji Wang·2025-11-17 13:36Core Viewpoint - Tianfu Communication (300394.SZ) announced a share transfer pricing situation, with a preliminary transfer price set at 140.00 CNY per share, and an additional subscription process initiated, with a deadline no later than November 28, 2025 [1][2]. Group 1 - The share transfer is a non-public transfer and will not be conducted through centralized bidding. The transferee is prohibited from transferring the shares within six months after acquisition [1]. - The total number of shares to be transferred by the selling shareholder, Suzhou Tianfu Renhe Investment Management Co., is 8,500,000 shares, accounting for 1.09% of the company's total share capital [1]. - The selling shareholder, Tianfu Renhe, is the controlling shareholder of Tianfu Communication [1]. Group 2 - The lower limit of the transfer price was determined based on the average trading price of Tianfu Communication's shares over the 20 trading days prior to the issuance of the subscription invitation, set at no less than 70% of that average [2]. - After the bidding process, Huatai United Securities will aggregate valid subscriptions and determine the transfer price based on price priority, quantity priority, and time priority [2]. Group 3 - Based on the transfer price of 140.00 CNY per share, the total market value of the shares being transferred by Tianfu Renhe is approximately 1.19 billion CNY [3].