南方泵业：拟对子公司沙河中源以债转股方式增资并公开挂牌转让控股权

Core Viewpoint - The company aims to optimize the capital structure of its subsidiary, Shahe Zhongyuan, by converting debts into long-term equity investments to enhance its sustainable operational and financing capabilities, facilitating future equity transfers [1][2] Group 1: Debt-to-Equity Conversion - The company plans to convert its debt of 130.64 million yuan and a debt of 40.95 million yuan from its wholly-owned subsidiary, Hebei Lei Yuan, into equity in Shahe Zhongyuan [1] - The conversion will be based on an evaluation of Shahe Zhongyuan's shareholder equity value by a third-party professional assessment agency, with the conversion price determined by the evaluation report [1] - Following the conversion, Shahe Zhongyuan's registered capital will increase from 55 million yuan to approximately 174.46 million yuan [1] Group 2: Shareholding Changes - After the capital increase, the company's shareholding in Shahe Zhongyuan will decrease from 94.62% to approximately 81.96% [1] - Hebei Lei Yuan's shareholding in Shahe Zhongyuan will increase from 0.19% to approximately 16.40% [1] - Other shareholders will experience proportional dilution of their equity [1] Group 3: Future Equity Transfer - Post debt-to-equity conversion, the company will retain 49% of Shahe Zhongyuan's equity, while the remaining equity will be transferred externally [2] - Hebei Lei Yuan and Zhongjian Huafan will transfer all their shares in Shahe Zhongyuan [2] - The transfer price will be based on the evaluation report and will be publicly listed for sale through a property trading platform [2] - If the transfer is successful, Shahe Zhongyuan will no longer be a subsidiary of the company and will be excluded from the consolidated financial statements [2]