Core Viewpoint - Xiaosong Co., Ltd. (002723) announced a change in control on December 17, with Shanghai Jiasheng Times Enterprise Management Partnership (Limited Partnership) acquiring 9.25% of the company's shares for 286 million yuan, making it the controlling shareholder, despite a negative market reaction leading to a significant drop in stock price on December 18 [1][4]. Group 1: Change in Control - Jiasheng Times will acquire 30,737,900 shares from the current controlling shareholder, Huaxin Chuangli, at a price of 9.32 yuan per share, totaling 286 million yuan, which is a discount compared to the closing price of 9.61 yuan on December 17 [4][6]. - The new shareholders plan to reorganize the board of directors and amend the company's articles of association after the share transfer is completed [4][7]. Group 2: Financial Performance - Xiaosong Co. has faced declining performance, with revenues decreasing from approximately 17.24 billion yuan in 2022 to 15.29 billion yuan in 2024, and net profits showing a loss of 2.25 billion yuan in 2024 [6]. - For the first three quarters of 2023, the company reported revenues of about 7.64 billion yuan and a net loss of approximately 711.06 million yuan [6]. Group 3: Management and Business Strategy - The existing management team will continue to operate the current business until the board reorganization is completed [7]. - Prior to the change in control announcement, Xiaosong Co. disclosed plans to sell a 51% stake in its wholly-owned subsidiary, Guohai Construction, for 150 million yuan, which has also been operating at a loss [7].
股价跌停!小崧股份拟2.86亿元易主,新主涉医疗、旅游等资产