浙江建投拟12.83亿元收购三家子公司少数股权 同时募资4.5亿元

Core Viewpoint - Zhejiang Construction Investment Group Co., Ltd. plans to acquire minority stakes in three subsidiaries from Guoxin Jianyuan Fund for a total price of 1.283 billion yuan, while raising 450 million yuan from its controlling shareholder for related funding [1][2]. Transaction Overview - The transaction consists of two parts: asset acquisition and fundraising. The company intends to issue 180 million shares at a price of 7.13 yuan per share to acquire 13.05% of Zhejiang Yijian, 24.73% of Zhejiang Erjian, and 24.78% of Zhejiang Sanjian, totaling 1.283 billion yuan. The valuation of the subsidiaries is based on an asset-based approach as of August 31, 2024, with respective valuations of 1.683 billion yuan, 2.184 billion yuan, and 1.677 billion yuan, showing appreciation rates of 17.87%, 7.62%, and 28.15% [2]. - The company will also issue 63.11 million shares at the same price to raise 450 million yuan, with 300 million yuan allocated for working capital, representing 23.38% of the transaction price [2]. Impact of the Transaction - The three subsidiaries are significant to the company's core business, with combined revenue of 36.213 billion yuan in 2023, accounting for 39.10% of the company's total revenue. Their combined net profit of 621 million yuan represents 158.44% of the company's net profit. Post-transaction, the company's equity and net profit are expected to increase significantly, with a projected decrease in the debt-to-asset ratio from 92.13% to 91.17% and an increase in earnings per share from 0.12 yuan to 0.20 yuan [3]. Changes in Shareholding Structure - Prior to the transaction, the controlling shareholder held 35.89% of the company. After the fundraising, this will decrease to 34.07%, while Guoxin Jianyuan Fund will hold 13.58%, becoming the second-largest shareholder. The transaction will not change the control of the company, with the Zhejiang Provincial State-owned Assets Supervision and Administration Commission remaining the actual controller [4].