NBZB(SH:600857) Nan Fang Du Shi Bao·2025-11-24 11:17Core Viewpoint - The acquisition of Ningbo Zhongbai by Jindi United Holdings marks a significant shift in control, with Jindi now holding 28.96% of the shares, potentially making it the new actual controller of the company [1][3][5]. Group 1: Acquisition Details - Jindi Commercial successfully acquired 35.4 million shares of Ningbo Zhongbai for 527 million yuan, representing 15.78% of the total share capital [1]. - The acquisition process involved three steps: first, Jindi Commercial purchased 10.68 million shares in the secondary market; second, it acquired 8.42% of shares through a judicial auction for 270 million yuan; and finally, it won the remaining shares from the original controlling shareholder for 527 million yuan [5][6]. - Jindi Commercial's total investment in Ningbo Zhongbai amounts to 950 million yuan over five months [5]. Group 2: Company Background - Jindi United Holdings, founded in 1992, operates in various sectors including oil and gas, real estate, and industrial investment [4]. - The company has significant interests in overseas oil and gas fields and is expanding its clean energy operations domestically [12]. - Jindi United has also been active in the commercial real estate market, recently acquiring prime land in Hangzhou for 5.578 billion yuan [13]. Group 3: Financial Performance - Jindi United's revenue has shown a downward trend from 134.75 billion yuan in 2022 to 71.82 billion yuan in 2024, with net profits also declining [16]. - The company is diversifying its investments into emerging industries such as new materials and biotechnology, indicating a strategic shift to enhance growth potential [16][17].