Core Viewpoint - Zhejiang Construction Investment (002761.SZ) has received approval from the Shenzhen Stock Exchange's M&A and Restructuring Committee for its share issuance to acquire assets [1] Group 1: Transaction Overview - The transaction involves issuing shares to acquire stakes in Zhejiang Yijian (13.05%), Zhejiang Erjian (24.73%), and Zhejiang Sanjian (24.78%) from Guoxin Jianyuan Fund, along with raising supporting funds [3][4] - The total transaction price for the acquired stakes is set at 1,283,180,295.38 yuan, with the payment made through share issuance [5][9] Group 2: Asset Valuation - The asset valuation report by Kun Yuan indicates the following values as of August 31, 2024: Zhejiang Yijian at 1,683,273,982.43 yuan, Zhejiang Erjian at 2,183,855,548.60 yuan, and Zhejiang Sanjian at 1,676,700,857.98 yuan [5][8] - A subsequent valuation as of June 30, 2025, shows an increase in asset values: Zhejiang Yijian at 1,803,098,573.23 yuan, Zhejiang Erjian at 2,337,686,623.84 yuan, and Zhejiang Sanjian at 1,685,330,112.98 yuan [7][8] Group 3: Share Issuance Details - The share issuance price is set at 7.13 yuan per share, which is above the minimum requirement of 80% of the average trading price over the previous 20 trading days [9] - A total of 179,969,185 shares will be issued to Guoxin Jianyuan Fund as part of the transaction [9] Group 4: Fundraising and Utilization - The company plans to raise 45,000,000 yuan through the issuance of shares to a state-owned asset management company, with the funds allocated for ongoing projects and working capital [10][11] - The funds will be used for the Zhejiang Provincial Fitness Center project and to supplement the company's liquidity, with no more than 25% allocated for working capital [10][11] Group 5: Corporate Structure and Impact - Post-transaction, the acquired companies will become wholly-owned subsidiaries of Zhejiang Construction Investment, enhancing its control and competitive strength [12] - The transaction is expected to improve the company's financial health and increase shareholder returns, with a positive impact on net profit and earnings per share [12]