筹划重大资产重组！科达制造拟收购控股子公司特福国际少数股权 董事李跃进此前刚直接持有标的公司1.5%股权

Core Viewpoint - Keda Manufacturing is planning a significant asset restructuring by acquiring minority stakes in its subsidiary, Guangdong Tefu International Holdings, through a combination of share issuance and cash payment, while also raising matching funds [2][3]. Group 1: Transaction Details - The transaction is expected to constitute a related party transaction and a major asset restructuring, with Keda's A-shares set to be suspended from trading starting January 15, 2026 [2]. - Keda currently holds 48.45% of Tefu International and is in discussions with various potential transaction parties, including individuals and corporate entities [3][6]. - The specific terms of the transaction, including share price and valuation, will be determined through further negotiations and will require internal decision-making and regulatory approval [3]. Group 2: Financial Performance of Tefu International - Tefu International reported revenues of 20.4 million in 2024 and a net loss of 32.14 million [5]. - For the first three quarters of 2025, Tefu's revenue was 64.80 million, with a net loss of 63.49 million, indicating it has not yet achieved profitability [5]. - As of September 30, 2025, Tefu's total assets were approximately 166.35 million, with total liabilities of about 20.31 million, resulting in net assets of around 146.04 million [4]. Group 3: Shareholding Changes - Recently, Keda's director, Li Yujin, acquired a direct stake of 1.5% in Tefu International for approximately 57 million, transitioning from indirect to direct ownership [6][10]. - The acquisition of shares by Li Yujin was part of a strategy to enhance management stability and incentivize key personnel within the overseas building materials business [10]. - Keda previously waived its right of first refusal on certain shares to support Tefu's long-term incentive mechanisms [10].