Core Viewpoint - Tianyi Ma plans to acquire 98.5632% equity of Guangdong Xingyun Kaiwu Technology Co., Ltd. through issuing shares and cash payment, aiming to enhance its digital service capabilities in the smart self-service equipment sector [1][2]. Group 1: Transaction Details - The transaction involves issuing shares and cash to 21 shareholders of Xingyun Kaiwu, with a total transaction price of approximately 1.189 billion yuan, corresponding to an overall valuation of 1.206 billion yuan for the target assets [2][3]. - The valuation of 100% equity of Xingyun Kaiwu is assessed at 1.21 billion yuan, reflecting a substantial appreciation rate of 649.77% [3]. - The pricing strategy for the transaction is differentiated based on the shareholders' investment rounds and other factors, with specific valuations for different portions of equity [3]. Group 2: Fundraising and Financial Performance - Tianyi Ma intends to raise up to 155 million yuan from its actual controller, Ma Xuepei, to cover cash payments, intermediary fees, and related taxes for the transaction [4]. - The stock price for the fundraising is set at 32.74 yuan per share, which is about 50% of the closing price on the announcement date, despite a 39% increase in stock price since the pricing benchmark date [4][5]. - For the first three quarters of 2025, Tianyi Ma reported a revenue of 228 million yuan, a year-on-year increase of 46.62%, and a net profit of 4.19 million yuan, up 119.80% [7].
天亿马欲“小吃大”，拟收购星云开物股权