“黑天鹅”突袭！汉嘉设计“准实控人”沈刚被留置 还是近6亿元并购标的董事长

Core Viewpoint - The acquisition of Suzhou Futai Information Technology Co., Ltd. by Hanjia Design has faced a significant setback due to the investigation and detention of Futai's chairman, Shen Gang, less than a year after the acquisition was completed, raising uncertainties about the future of this capital operation [2][9]. Acquisition Details - Hanjia Design completed the acquisition of 51% of Futai Technology for approximately 5.81 billion yuan, with a valuation increase of 236.57% based on an assessment of 11.4 billion yuan for the company's total equity [3][4]. - The acquisition was seen as a strategic move for Hanjia Design, aiming to transform its business model and heavily invest in Futai Technology, which was expected to be a key revenue source [3][8]. Financial Implications - The acquisition resulted in a significant goodwill of approximately 3.57 billion yuan for Hanjia Design [5]. - Futai Technology contributed about 370 million yuan in revenue and 41.69 million yuan in net profit to Hanjia Design in the first half of 2025, highlighting its importance to the company's financial performance [8]. Governance and Control Changes - Shen Gang, who was set to become the new controlling shareholder of Hanjia Design, is currently under investigation, which raises concerns about the governance structure and future management of the company [9][10]. - The transfer of control from the original major shareholder, Zhejiang Urban Construction Group, to Shen Gang's investment entity, Tai Lian Zhi Xin, was closely linked to the acquisition of Futai Technology [10].