Core Viewpoint - Galaxy Magnetics (300127) is planning to issue shares and pay cash to acquire 100% equity of Sichuan Kyoto Longtai Technology Co., Ltd. and raise matching funds, leading to a stock suspension starting September 15 [1][5]. Group 1: Acquisition Details - The acquisition involves 14 shareholders of Kyoto Longtai, including Ningbo Huachuang Ruizhe Venture Capital Partnership, Tang Mingxing, and Xu Gang, and will not change the actual controller of Galaxy Magnetics [5]. - Kyoto Longtai, established in 2011 with a registered capital of 946.4725751 million, is a national high-tech enterprise specializing in the R&D and manufacturing of permanent ferrite materials and related production equipment, with an annual production capacity of 15,000 tons of high-performance permanent ferrite [5]. Group 2: Industry Context - Permanent magnetic materials maintain constant magnetism once magnetized, with ferrite magnets being widely used in motors, speakers, and magnetrons due to their high coercivity, low magnetic flux density, good temperature characteristics, and low cost [6]. - The largest ferrite magnetic material enterprise in China is Hengdian East Magnetic (002056), which has an annual production capacity of 290,000 tons [6]. Group 3: Company Position - Galaxy Magnetics is one of the early companies engaged in the R&D, production, and sales of bonded neodymium iron boron magnets, holding a significant competitive advantage in the industry, with applications in automotive motors, power tools, military equipment, and aerospace [7]. - The company expects to disclose the transaction plan within 10 trading days, with a deadline for resuming trading by September 29 if the board meeting is not held [7].
300127,停牌重组!