Keda Group(SH:600499) Shang Hai Zheng Quan Bao·2026-01-21 19:37Core Viewpoint - Keda Manufacturing Co., Ltd. is planning a significant asset restructuring involving the acquisition of minority equity in its subsidiary, Guangdong Tefu International Holdings Co., Ltd., through a combination of share issuance and cash payment, while also raising supporting funds [2][3]. Group 1: Major Asset Restructuring - The transaction is expected to constitute a related party transaction and a major asset restructuring, but it will not qualify as a restructuring listing [2]. - The company's A-shares will be suspended from trading starting January 15, 2026, for a period not exceeding 10 trading days to prevent abnormal stock price fluctuations [2][3]. - The transaction is still in the planning stage, and no formal agreements have been signed yet, with the final implementation subject to necessary internal decision-making processes and regulatory approvals [3]. Group 2: Trademark Acquisition and Related Transactions - Keda Manufacturing's subsidiary, TILEMASTER INVESTMENT LIMITED, has signed a framework agreement to acquire 182 trademarks related to the building materials business from Senda Group for a total consideration of RMB 200 million (including tax) [6]. - On January 21, 2026, TILEMASTER signed a trademark transfer agreement with Senda Group, which includes the free transfer of the "TWYFORD" trademark [7][8]. - The agreement stipulates that TILEMASTER will have exclusive rights to the "TWYFORD" trademark, including ownership, usage rights, and the right to prevent infringement, effective immediately upon signing [9].