WBC(SZ:200706) 证券时报·2025-12-17 15:55Core Viewpoint - Wafangdian Bearing Co., Ltd. (referred to as "Wafangdian B") is undergoing a comprehensive tender offer initiated by its controlling shareholder, Wafangdian Bearing Group Co., Ltd., aimed at delisting Wafangdian B from the stock market [1][4]. Group 1: Tender Offer Details - The tender offer is directed at all shareholders of Wafangdian B, with a total of 158,600,000 shares being offered, representing 39.39% of the company's total share capital [1]. - The offer price is set at HKD 2.86 per share, requiring a maximum total funding of approximately HKD 454 million [1]. - The duration of the tender offer is 30 calendar days, unless competing offers arise [1]. Group 2: Company Performance and Context - Wafangdian B has faced continuous losses and deteriorating operational conditions due to global economic downturns and structural adjustments, leading to increased financial risks [4]. - In the first three quarters of the year, the company reported a main revenue of CNY 1.876 billion, a year-on-year increase of 15.43%, while the net profit attributable to shareholders was a loss of CNY 29.51 million, narrowing by 38.9% [5]. - The company, listed since March 1997, is recognized as the first B-share listed company in China's bearing industry and has established itself as a leading research and manufacturing base for bearing technology and products [4].