CAFX(SZ:002760) Zhong Guo Jing Ji Wang·2025-12-18 02:53Core Viewpoint - The company, Fengxing Co., Ltd. (002760.SZ), has announced a plan to acquire 75% equity in Baiyin Huaxin from Guangdong Huaxin through a share issuance and to raise matching funds, marking a significant step in its strategic expansion in the environmental services sector [1][3]. Group 1: Transaction Details - The transaction involves issuing shares to acquire 75% of Baiyin Huaxin, which will become a subsidiary of Fengxing Co., Ltd. [1] - The company plans to raise matching funds not exceeding 100% of the transaction price through a share issuance to no more than 35 specific investors [1][2]. - The share price for the acquisition is set at 17.07 CNY per share, which is 80% of the average trading price over the previous 120 trading days [2]. Group 2: Financial Performance of Baiyin Huaxin - Baiyin Huaxin's total assets as of September 30, 2025, are reported at 66.13 million CNY, with net assets of 33.70 million CNY [4]. - The company's revenue for the year 2023 was 25.26 million CNY, with a net profit of 4.11 million CNY [4]. - For the year 2024, Baiyin Huaxin's revenue is projected to be 36.63 million CNY, with a net profit of 7.27 million CNY [4]. Group 3: Use of Raised Funds - The raised funds will be allocated for project construction, working capital, debt repayment, and intermediary fees, with specific amounts to be disclosed in the restructuring report [3]. - The issuance of shares for raising funds will also be subject to the pricing benchmark set on the first day of the issuance period [2][3]. Group 4: Shareholder Information - The controlling shareholder of Fengxing Co., Ltd. is Xibu Indium Industry, holding 23.28% of the total shares [3]. - Guangdong Huaxin is identified as an indirect controlling shareholder, with Xu Maohua as the actual controller of the company [3].