Core Viewpoint - Kaizhong Co., Ltd. plans to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd., which is expected to constitute a major asset restructuring, leading to a suspension of its stock trading starting November 24, 2025 [1][4]. Group 1: Acquisition Details - The company announced on November 21 that it is planning to acquire a 60% stake in Anhui Tuosheng through a combination of issuing shares and cash payments [3]. - The transaction price will be based on an asset valuation report from a qualified assessment agency, with the final price to be negotiated among the parties involved [3]. - The agreement signed is a non-binding intention agreement, serving as a guideline for further negotiations and the signing of formal legal documents [3]. Group 2: Financial Performance - For the first three quarters of 2025, Kaizhong Co., Ltd. reported revenue of 564 million yuan and a net profit of 58.29 million yuan [4]. - As of November 21, the company's stock price was 13.08 yuan per share, with a total market capitalization of 3.506 billion yuan [4]. Group 3: Business Strategy - The company aims to steadily advance its core businesses in shock-absorbing components and pedal assemblies, enhancing its competitive advantages while adapting to industry trends and market demands [6]. - Kaizhong Co., Ltd. is focused on expanding its international business footprint, establishing overseas subsidiaries in Mexico, the United States, Germany, and Morocco, and setting up an office in Japan [7]. - The Mexican factory has received recognition from various domestic and international OEMs and Tier 1 customers, with projects for buffer blocks and pedals already in mass production [7].

Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, with the fundraising aimed solely at covering the transaction price [2][4]. Group 1: Transaction Details - The transaction involves purchasing 60% equity of Anhui Tuosheng, with the price based on an asset evaluation report from a qualified assessment agency [4]. - The company will issue shares to no more than 35 specific investors to raise matching funds for the acquisition [2][4]. - The transaction is expected to constitute a significant asset restructuring as per the regulations of the Management Measures for Major Asset Restructuring of Listed Companies [2]. Group 2: Company Background - Kaizhong Co., Ltd. specializes in advanced shock absorption system materials and components for automotive suspension systems, serving major domestic and international automotive manufacturers [3]. - Anhui Tuosheng focuses on the research, production, and sales of rubber-based elastic damping and sealing components that affect automotive NVH (Noise, Vibration, and Harshness) performance [4]. Group 3: Stock Suspension - To ensure fair information disclosure and protect investor interests, Kaizhong Co., Ltd. has applied for a suspension of its stock and convertible bonds starting November 24, 2025, for a period not exceeding five trading days [4]. - The company will adhere to legal disclosure obligations during the suspension and will announce further developments regarding the transaction [4].

格隆汇11月21日丨凯众股份(603037.SH)公布，公司正在筹划发行股份及支付现金的方式收购安徽拓盛 汽车零部件股份有限公司（简称"安徽拓盛"或"标的公司"）的控制权，并向不超过35名特定投资者发行 股份募集配套资金，募集资金全部用于支付本次交易对价，不存在补充流动资金的情形。经初步测算， 本次交易可能构成《上市公司重大资产重组管理办法》规定的重大资产重组；根据《上海证券交易所股 票上市规则》相关法规，本次交易不会导致公司实际控制人发生变更，不构成重组上市。公司股票（证 券简称：凯众股份，证券代码：603037）、可转债（转债简称：凯众转债，转债代码：113698）自2025 年11月24日（星期一）开市起开始停牌，预计停牌时间不超过5个交易日。标的公司主要从事影响汽车 NVH性能的橡胶基弹性体减震、密封元件的研发、生产和销售。 ...

Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, with the fundraising aimed solely at covering the transaction price [1][3] Group 1: Company Overview - Kaizhong Co., Ltd. specializes in advanced shock absorption system materials and product design, manufacturing automotive suspension system components, pedal assemblies, and high-performance polyurethane load-bearing wheels [2] - Major clients include domestic automotive manufacturers such as SAIC Volkswagen and FAW Volkswagen, as well as international brands like General Motors, Ford, Porsche, Mazda, and Suzuki [2] Group 2: Transaction Details - The acquisition involves purchasing 60% of Anhui Tuosheng's equity, which focuses on the research, production, and sales of rubber-based elastic damping and sealing components that affect automotive NVH (Noise, Vibration, Harshness) performance [3][4] - The transaction is currently in the planning stage, and the company has applied for a trading suspension to ensure fair information disclosure and protect investor interests, with the suspension expected to last no more than five trading days [3][4] Group 3: Financial Aspects - The funds raised from issuing shares to no more than 35 specific investors will be entirely used for the transaction price, with no intention of supplementing working capital [1] - The transaction may constitute a significant asset restructuring as defined by the relevant regulations [1]

Core Viewpoint - Kaizhong Co., Ltd. (603037) is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of issuing shares and cash payment, with the fundraising aimed solely at covering the transaction price, indicating a significant asset restructuring under relevant regulations [1][4]. Group 1: Company Overview - Kaizhong Co., Ltd. specializes in advanced shock absorption system materials and product design, manufacturing automotive suspension system components, pedal assemblies, and high-performance polyurethane wheels, serving major domestic and international automotive manufacturers [2]. - Anhui Tuosheng focuses on the research, production, and sales of rubber-based elastic damping and sealing components that affect automotive NVH (Noise, Vibration, Harshness) performance [3]. Group 2: Transaction Details - The acquisition involves purchasing a 60% stake in Anhui Tuosheng, with the transaction price to be determined based on an asset evaluation report from a qualified assessment agency [4]. - The company has signed a Letter of Intent for the acquisition, which serves as a preliminary agreement before formal contracts are established, emphasizing that it does not constitute a binding contract [4]. Group 3: Stock Suspension - Kaizhong Co., Ltd. and its convertible bonds will be suspended from trading starting November 24, 2025, for a period not exceeding five trading days, to ensure fair information disclosure and protect investor interests during the transaction planning phase [2][4].

Core Viewpoint - Kaizhong Co., Ltd. is planning to acquire control of Anhui Tuosheng Automotive Parts Co., Ltd. through a combination of share issuance and cash payment, which may constitute a significant asset restructuring according to relevant regulations [1][3] Group 1: Company Overview - Kaizhong Co., Ltd. specializes in advanced shock absorption system materials and product design, manufacturing automotive suspension system components, pedal assemblies, and high-performance polyurethane wheels [2] - Major clients include domestic automobile manufacturers such as SAIC Volkswagen and FAW Volkswagen, as well as international brands like General Motors, Ford, Porsche, Mazda, and Suzuki [2] Group 2: Transaction Details - The company intends to acquire 60% of Anhui Tuosheng's equity, with the transaction price based on an asset valuation report from a qualified assessment agency [3][4] - The transaction is currently in the planning stage, and the company has signed a letter of intent with all counterparties, which serves as a preliminary agreement before formal contracts are established [4] Group 3: Stock Suspension - To ensure fair information disclosure and protect investor interests, Kaizhong Co., Ltd. has applied for a stock suspension starting November 24, 2025, for a period not exceeding five trading days [3] - During the suspension, the company will fulfill its information disclosure obligations in accordance with legal regulations based on the progress of the transaction [3]

北京商报讯（记者 马换换 王蔓蕾）11月21日晚间，凯众股份（603037）披露公告称，公司正在筹划发 行股份及支付现金的方式收购安徽拓盛汽车零部件股份有限公司（以下简称"安徽拓盛"）的控制权，并 向不超过35名特定投资者发行股份募集配套资金。公司股票自11月24日起开始停牌，预计停牌时间不超 过5个交易日。 公告显示，安徽拓盛主要从事影响汽车NVH性能的橡胶基弹性体减震、密封元件的研发、生产和销 售。本次募集资金全部用于支付本次交易对价，不存在补充流动资金的情形。经初步测算，本次交易可 能构成《上市公司重大资产重组管理办法》规定的重大资产重组；本次交易不会导致凯众股份实际控制 人发生变更，不构成重组上市。 ...

Core Viewpoint - Fuda Alloy has announced a third request for an extension to respond to the Shanghai Stock Exchange's inquiry regarding its major asset acquisition and related party transaction, raising market concerns about the progress of this restructuring matter [1] Group 1: Transaction Details - Fuda Alloy plans to acquire 52.61% of Zhejiang Guangda Electronic Technology Co., Ltd. for a cash consideration of 352 million yuan, which will make it the controlling shareholder of Guangda Electronic [2] - Guangda Electronic specializes in TOPCon battery silver paste, primarily used in the front and back electrodes of crystalline silicon solar cells [2] - The actual controller of Guangda Electronic is Wang Zhongnan, who is also the son of Fuda Alloy's actual controller, indicating a related party transaction [2] Group 2: Financial Performance of Target Company - Guangda Electronic's projected revenues for 2023, 2024, and the first half of 2025 are 1.65 billion yuan, 2.68 billion yuan, and 1.41 billion yuan, respectively, with net profits of 15.84 million yuan, 60.73 million yuan, and 26.53 million yuan [2] - The gross profit margins of Guangda Electronic have been declining, recorded at 7.41%, 6.26%, and 5.85% over the reporting period, which is lower than comparable companies by 2 to 6 percentage points [2] Group 3: Regulatory Concerns - The Shanghai Stock Exchange has raised questions regarding the rationale behind the transaction, particularly in light of Guangda Electronic's declining gross margins and the competitive landscape [2] - Concerns have also been raised about Guangda Electronic's financial risks, including an asset-liability ratio exceeding 70% and negative operating cash flows for 2023 and 2024 [3] Group 4: Legal Issues - Guangda Electronic is facing a patent infringement lawsuit from Zhejiang Suote Material Technology Co., Ltd., with claims amounting to 200 million yuan, which could impact the restructuring process [4] - Fuda Alloy has acknowledged the lawsuit and is assessing its potential impact on the acquisition [4] Group 5: Fuda Alloy's Financial Position - Fuda Alloy's revenues for 2022, 2023, and 2024 are reported at 2.193 billion yuan, 2.792 billion yuan, and 3.851 billion yuan, with net profits of 29.8 million yuan, 40.9 million yuan, and 45.6 million yuan, respectively [6] - As of mid-2025, Fuda Alloy's cash balance is 423 million yuan, with short-term liabilities of 1.056 billion yuan, reflecting a year-on-year increase of 32.66% and an asset-liability ratio of 65.93% [6] - Post-transaction, Fuda Alloy's asset-liability ratio is projected to rise to 77.23% [6]

11月20日晚间，拟55.18亿元甩卖亏损地产业务的免税行业龙头公司珠免集团（600185）（前身"格力地 产"，5月8日证券简称正式变更为"珠免集团"）公告披露，公司收到上海证券交易所《关于对珠海珠免 集团股份有限公司重大资产出售暨关联交易草案的问询函》。 根据10月21日晚间公告，珠免集团计划以现金方式向关联方珠海投捷控股有限公司出售子公司珠海格力 房产有限公司100%股权，交易价格为55.18亿元，本次交易构成重大资产重组。 值得一提的是，这一动作距离珠免集团2024年12月31日完成重大资产置换，过去了近10个月时间。在此 前的业绩会上，珠免集团管理层承诺，将在"五年内逐步去化存量房地产业务并整体退出"。此次转让格 力房产100%股权，也是珠免集团兑现此前承诺的重要一步。 读创财经注意到，珠免集团急于剥离地产业务的背后，是持续亏损的业绩压力。 草案显示，交易对手方投捷控股成立于2025年9月16日，注册资本为1000万元。本次交易由投捷控股以 现金方式进行分期支付，首期支付款项为交易价格的30%，即165,526.10万元，在《重大资产出售协 议》生效后5个工作日内汇入珠免集团指定账户。交易双方自协议 ...

董秘回答(紫光股份SZ000938)： 投资者提问： 同样涉及重大资产重组，市场对中科曙光与海光信息的重组报以涨停，认为其极大增强了国产算力产业 链的竞争力。而紫光股份长期以来进行的诸多资本运作和战略布局，为何迟迟无法在股价上获得正向回 馈？公司的战略执行力是否出现了问题？ 您好，公司致力于不断提升主营业务核心竞争力，持续提升经营管理效率，推动公司内在价值的持续增 长。公司以"算力x联接"战略为内核驱动，把握技术趋势，聚焦行业应用，抢抓市场机会，进一步夯 实"云—网—安—算—存—端"全栈业务布局，强化智算技术创新和大模型行业应用探索，并将通过优化 业务结构、加强海外市场开拓等方式来不断提升运营效率。查看更多董秘问答>> 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 ...