Core Viewpoint - Jiangxi Tungsten Equipment (江钨装备) has announced a plan to issue A-shares to raise up to 1.88 billion yuan for acquiring 100% stakes in three companies: Jiangxi Jiangtung Hard Alloy Co., Ltd., Ganzhou Huamao Tungsten Materials Co., Ltd., and Jiujiang Nonferrous Metal Smelting Co., Ltd. The stock price surged by 9.99% to 14.31 yuan following the announcement [1][2]. Group 1: Fundraising and Acquisition Details - The total amount to be raised from the issuance is capped at 188,195.26 million yuan, which will be used entirely for the acquisitions [2]. - The specific investments include 87,038 million yuan for Jianghard Company, 71,701.19 million yuan for Huamao Company, and 29,456.07 million yuan for Jiujiang Company [2]. - The shares will be issued to no more than 35 specific investors, including the controlling shareholder Jiang Tung Holdings, which plans to acquire between 20% and 40% of the issued shares [3][4]. Group 2: Share Issuance and Control - The issuance will not exceed 30% of the company's total shares prior to the issuance, amounting to a maximum of 296,987,964 shares [4][5]. - Jiang Tung Holdings, as the controlling shareholder, will have a lock-up period of 18 months post-issuance, ensuring that control remains unchanged [4][6]. - The issuance will be conducted through a competitive bidding process, with the price set at no less than 80% of the average trading price over the previous 20 trading days [3]. Group 3: Financial Performance of Target Companies - Jianghard Company reported total assets of 160,569.67 million yuan and a net profit of 3,140.05 million yuan for the year ending December 31, 2025, showing significant growth from the previous year [7]. - Huamao Company had total assets of 199,810.53 million yuan and a net profit of 5,930.24 million yuan for the same period, indicating a recovery from a loss in the previous year [8]. - Jiujiang Company’s financial data was not provided in the excerpts, but it is included in the acquisition plan [6].
江钨装备连亏4年 拟定增募不超18.8亿买股东旗下3公司