1、以较低的成本获得优质稀缺资产，增强股东回报 参与上市公司破产重整由于收购成本公允(通常为市场价格的50%)、确定性强、风险隔离彻底等优势， 已经成为企业登陆A股资本市场的重要通道。经统计，每年也只有少量上市公司重整案例获得监管部门 审批通过，机会较难获取。目标公司属于高端制造业，其核心业务属于国内第一梯队，具有较强的行业 地位和竞争力，由于歷史塬因导致暂时经营困难，拟通过本次破产重整使企业摆脱困境、重获经营能 力，预计重整完成后将迅速实现扭亏为盈，并在资金和资产的双重注入下进入快速发展通道。 2、利用两地优质资本资源，促进公司发展 智通财经APP讯，汇通达网络(09878)发布公告，于2025年9月5日(交易时段后)，经公开招募最终确定公 司作为重整投资人后，公司与目标公司金通灵科技集团股份有限公司及临时管理人就收购事项订立重整 投资协议。根据重整投资协议，公司拟收购目标公司25%股权，代价为人民币9.94亿元。 公告称，进行收购事项的理由及裨益为 收购事项完成后，公司将完成H+A资本运作平台搭建，可以更为便利的获取境内外优质资本资源，促 进企业快速发展。同时为公司打造多层次的潜在资本运作路径。 3、助力 ...

Core Viewpoint - HuTongDa Network (汇通达网络) has signed a restructuring investment agreement with JinTongLing (金通灵), acquiring a 25% stake for approximately 994 million RMB, indicating a strategic move to enhance shareholder returns and promote company development [1][2]. Group 1: Acquisition Details - The acquisition price is set at 1.3996 RMB per share, while JinTongLing's closing price is 3.2 RMB per share, highlighting a significant discount [1]. - JinTongLing is positioned in the high-end manufacturing sector, recognized for its strong industry position and competitiveness, being a leading player domestically [1]. Group 2: Strategic Objectives - The acquisition aims to achieve "quality asset allocation," "enhanced shareholder returns," and "promotion of company development" through three main strategies [1][2]. - The first strategy focuses on acquiring high-quality, scarce assets at a lower cost, which is expected to lead to rapid profitability post-restructuring [1]. - The second strategy involves leveraging capital resources from both domestic and international markets to accelerate company growth and create multi-layered capital operation paths [2]. - The third strategy emphasizes empowering JinTongLing's retained business segments through HuTongDa's management experience and industry resources, aiming to establish a comprehensive industrial platform that integrates advanced manufacturing and services for the lower-tier market [2]. Group 3: Future Outlook - The recent mid-term performance report from HuTongDa highlighted the commitment to actively pursue quality enterprise acquisitions, reinforcing the strategic execution of its dual-driven approach of "industrial development + capital operation" [2].

Core Viewpoint - Huitongda Network (09878) has signed a restructuring investment agreement with Jintongling (300091), acquiring a 25% stake for approximately 994 million RMB, indicating a strategic move to enhance shareholder returns and promote company development [1][2] Group 1: Acquisition Details - The acquisition price for Jintongling's shares is set at 1.3996 RMB per share, while the closing price on the day of the announcement was 3.2 RMB per share, highlighting a significant discount [1] - Jintongling operates in the high-end manufacturing sector and is positioned among the top tier in the domestic market, showcasing strong industry status and competitiveness [1] Group 2: Strategic Objectives - The acquisition aims to achieve "quality asset allocation," "enhanced shareholder returns," and "promotion of company development" through three main strategies [1][2] - The first strategy focuses on acquiring high-quality, scarce assets at a low cost, which is expected to lead to rapid profitability post-restructuring [1] - The second strategy involves leveraging capital resources from both domestic and international markets to facilitate company growth and create multi-layered capital operation pathways [2] - The third strategy emphasizes empowering Jintongling's retained business segments through Huitongda's management experience and industry resources, aiming to establish a comprehensive industrial platform that integrates advanced manufacturing and services for the lower-tier market [2]

今晚，汇通达网络（9878.HK）发布公告，与金通灵（300091.SZ）订立重整投资协议。根据协议，汇 通达将收购金通灵25%股权，收购价格约9.94亿元人民币。金通灵公告显示汇通达网络获得股份的价格 为1.3996元/股，今日金通灵收盘价3.2元/股。 据悉，金通灵属于高端制造业，核心业务处于国内第一梯队，具有较强的行业地位和竞争力。1993年成 立于江苏南通、2010年在深交所上市。 关于此次收购，汇通达公告表示将从3个方面达成"优质资产配置""增强股东回报""促进公司发展"等目 标。 上周刚刚发布的中期业绩报告中，汇通达就着重提及将"积极推进优质企业并购"。与金通灵的协议签 订，印证了汇通达"产业发展+资本运营"双轮驱动的战略执行力与股东回报决心。 （2）利用两地优质资本资源，促进公司发展。收购完成后，汇通达将实现H+A资本运作的平台搭建， 可以更便捷地获取境内外的优质资本资源，加速企业发展，同时打造多层次的潜在资本运作路径。 （3）助力公司智慧供应链产业布局，促进业务发展。汇通达将基于成熟的经营管理经验、供应链和渠 道优势及丰富的产业资源，对金通灵保留的业务板块进行赋能发展。同时，借助重整后留存资金 ...