Group 1 - The core point of the article is that Xiangcai Co. is planning to conduct a stock swap merger with Dazhihui, which will result in Dazhihui being delisted [1][2] - The stock swap ratio is set at 1:1.27, meaning each share of Dazhihui can be exchanged for 1.27 shares of Xiangcai Co. [1] - After the merger, Xiangcai Co.'s total share capital will increase to 5.141 billion shares, with a total of 2.282 billion shares to be issued [1] Group 2 - Following the merger, Xiangcai Co. will become the third internet brokerage in A-shares, after Dongfang Caifu and Guidancao [2] - Dazhihui, once a leading financial information service provider, has seen its market position decline due to competition from firms like Tonghuashun and Dongfang Caifu [2] - Xiangcai Co. previously acquired approximately 15% of Dazhihui's shares, becoming its second-largest shareholder [2] Group 3 - Financial projections indicate that by June 2025, Xiangcai Co.'s total assets will grow from 41.322 billion to 59.131 billion yuan, and net assets will increase from 11.943 billion to 29.317 billion yuan [3] - The company's revenue is expected to rise from 1.144 billion to 1.511 billion yuan, while net profit is projected to decline from 142 million to 129 million yuan [3] Group 4 - In addition to the merger, Xiangcai Co. plans to raise up to 8 billion yuan from no more than 35 specific investors, targeting five key areas for investment [4] - The planned allocation of the raised funds includes 2.5 billion yuan for financial modeling and digital securities projects, 1 billion yuan for big data engineering, 1.5 billion yuan for integrated wealth management, 1 billion yuan for international fintech, and 2 billion yuan for working capital and debt repayment [4]

十年前，大智慧（601519）（601519）拟以85亿元收购湘财证券（600095）100%股权，但未成行。十 年后，湘财股份（600095）拟以换股方式吸收合并大智慧，"嫁娶"主角互换，双方"联姻"能否终得圆 满？ 9月26日，湘财股份与大智慧同步发布近百份重大资产重组公告，湘财股份拟通过换股方式吸收合并大 智慧，并配套募集80亿元资金用于金融科技领域布局。根据方案，湘财股份拟向大智慧的全体股东发行 A股股票，以换取这些股东所持有的大智慧股份。吸收合并完成后，大智慧的法人资格将被注销，其股 票将终止上市，湘财股份作为存续公司继续运营。 不过，本次交易尚需双方股东大会审议通过，尚需获得上交所审核通过及中国证监会注册，以及相关法 律法规所要求的其他可能涉及的必要批准、核准、备案或许可，因此，尚存在不确定性。 换股+80亿元配套募资 公告确认，湘财股份本次吸收合并的定价基准日前120个交易日的股票交易均价为7.51元/股；大智慧本 次吸收合并的定价基准日前120个交易日的股票交易均价为9.53元/股。据此，双方同意本次吸收合并项 下湘财股份的A股换股价格为7.51元/股，大智慧的A股换股价格为9.53元/股。 ...