Core Viewpoint - Dongzhu Ecological's planned acquisition of Kairuixingtong Information Technology (Nanjing) Co., Ltd. has been halted due to failure to reach preliminary agreement on commercial terms, with parties negotiating termination of the transaction [1]. Group 1: Acquisition Details - The acquisition was initially seen as a strategic move for Dongzhu Ecological to enter the commercial aerospace and general aviation sectors [2]. - On August 26, 2025, Dongzhu Ecological announced a major asset restructuring plan, intending to acquire control of Kairuixingtong through a combination of share issuance and cash payment, along with raising supporting funds [2]. - The board of directors approved related proposals for the acquisition on September 9, 2025 [2]. Group 2: Stock Performance - Dongzhu Ecological's stock resumed trading on September 10, 2025, and experienced a three-day price increase [3]. - In 2025, the stock price of Dongzhu Ecological rose over 72% cumulatively [3]. Group 3: Company Overview - Dongzhu Ecological specializes in ecological restoration and governance, with operations in wetland protection, water environment management, municipal landscape, state-owned forest management, park development, mine restoration, and carbon management [5]. - Kairuixingtong, established in 2011, focuses on satellite mobile communication terminal manufacturing, sales, and related services, including smart unmanned aerial vehicle production [6]. Group 4: Financial Performance - In the first three quarters of 2025, Dongzhu Ecological reported revenue of 258 million yuan, a year-on-year decline of 29.78% [6]. - The company incurred a net loss of 30.24 million yuan and a non-recurring net loss of 30.11 million yuan, both transitioning from profit to loss compared to the previous year [6]. - Dongzhu Ecological is projected to continue facing losses in 2023 and 2024, with net losses of 315 million yuan and 630 million yuan, respectively [6].
重大资产重组，或终止！