关键收购，溢价超13倍！交易所抛九大问题

Core Viewpoint - Yanggu Huatai is acquiring 100% equity of Bomi Technology for 1.443 billion yuan, despite Bomi currently being in a loss position, raising concerns about the transaction's rationality and fairness [4][7]. Group 1: Transaction Details - The acquisition price of Bomi Technology represents a premium of over 13 times its net assets, which has prompted the Shenzhen Stock Exchange to raise nine key questions regarding the necessity and compliance of the cross-industry acquisition [4][6]. - Bomi Technology specializes in high-performance polyimide materials, with reported revenues of 33 million yuan and 34 million yuan, and net losses of 9 million yuan and 12 million yuan in the reporting period [7][9]. Group 2: Regulatory Concerns - The Shenzhen Stock Exchange has requested Yanggu Huatai to provide detailed explanations regarding the necessity and compliance of the cross-industry acquisition, including the integration and management plans for the acquired assets [6][7]. - Yanggu Huatai claims that the acquisition aligns with its strategic development into the chemical new materials sector and aims to enhance the company's development quality [7][10]. Group 3: Valuation and Fairness - The valuation of Bomi Technology using the income approach indicates a value of 1.443 billion yuan, with a staggering appreciation rate of 1330.32%, raising questions about the accuracy and objectivity of the valuation parameters used [9][10]. - Yanggu Huatai argues that the valuation is reasonable due to Bomi's short establishment period and high R&D investment, despite its low net assets [10].