俞浩斥资22.82亿元入主嘉美包装，逐越鸿智回应“借壳上市”传闻

Core Viewpoint - The acquisition of Jamei Packaging by ZhuYue HongZhi, controlled by Yu Hao, is aimed at gaining control over a stable and mature business, reflecting confidence in its long-term investment value and aligning with market trends encouraging industrial upgrades [2][3][12]. Group 1: Acquisition Details - ZhuYue HongZhi plans to acquire a 29.9% stake in Jamei Packaging through a share transfer agreement for 1.243 billion yuan and aims to repurchase 25% of shares for 1.039 billion yuan, totaling 2.282 billion yuan for a controlling stake of 54.9% [2][3]. - The acquisition structure involves a combination of agreement transfer and tender offer, chosen for efficiency and fairness to all shareholders [6][7]. - The decision to acquire 29.9% instead of 30% is strategic to avoid stricter regulatory requirements associated with full control [7][8]. Group 2: Strategic Intentions - The acquisition is seen as a strategic move to capitalize on market opportunities for industrial smart upgrades, with a focus on long-term growth [2][3]. - The original controlling shareholder, Zhongbao HongKong, will retain a 4.86% stake post-acquisition, allowing for easier future share transfers [7]. - The acquisition is not intended as a backdoor listing for Chasing Technology, as the current regulatory environment for such actions is tightening [9][10]. Group 3: Financial Aspects - Funding for the acquisition will come from ZhuYue HongZhi's own or self-raised funds, with plans to secure bank loans for part of the financing [10][11]. - Jamei Packaging reported a revenue of 2.039 billion yuan for the first three quarters of the year, a year-on-year decline of 1.94%, and a net profit of 39.16 million yuan, down 47.25% [14]. - A profit guarantee of 120 million yuan per year from 2026 to 2030 is included in the agreement, indicating a commitment to enhance the company's performance [13][14]. Group 4: Future Outlook - The acquisition is viewed as a critical step in Yu Hao's broader capital strategy, with potential implications for future IPOs of various businesses under the Chasing Technology umbrella [15]. - The integration of Jamei Packaging into Yu Hao's portfolio may lead to innovative business combinations, leveraging both listed and non-listed company strengths [13].