停牌10个交易日后，11月17日晚间，亚星化学（600319）披露重组预案，公司拟通过发行股份及支付现金的方式购买天一控股等24名股东持有的天一化学 100%股权。同时，上市公司拟向包括潍坊市城投集团在内的不超过35名符合条件的特定投资者发行股份募集配套资金。 | 交易类型 | 交易对方名称 | | --- | --- | | 发行股份及支付现金购买资产 | 山东天一控股集团股份有限公司等 24 名山东天 | | | 一化学股份有限公司股东 | | 募集配套资金 | 包括潍坊市城市建设发展投资集团有限公司在内 | | | 的不超过 35 名符合条件的特定对象 | 公告显示，此次发行股份价格以定价基准日前120个交易日亚星化学A股股票交易均价的80%为依据，作价5.83元/股。 交易完成后，天一化学将成为上市公司全资子公司并纳入合并报表范围，公司控股股东仍为潍坊市城投集团，实际控制人仍为潍坊市国资委。 本次交易预计构成重大资产重组、构成关联交易、预计不构成重组上市。公司股票将于11月18日开市起复牌。 天一化学是国内溴系阻燃剂龙头供应商之一，是国家首批认定的高新技术企业、国家专精特新"小巨人"企业，业务涵盖溴系 ...

Core Viewpoint - Yaxing Chemical plans to acquire 100% equity of Tianyi Chemical, with stock resuming trading on November 18 after a two-week suspension [2]. Group 1: Acquisition Details - The board of Yaxing Chemical has approved the acquisition proposal, which is expected to constitute a major asset restructuring for the listed company [5]. - Tianyi Chemical, established in October 2002, specializes in the research, production, and sales of bromine series products, with some products holding the highest market share in China [5]. - Prior to the acquisition, Yaxing Chemical's main products included chlorinated polyethylene (CPE), polyvinylidene chloride (PVDC), and other chemical materials [5]. Group 2: Product and Market Impact - Post-acquisition, Yaxing Chemical will expand its product offerings to include bromine series fine chemical products such as tetrabromobisphenol A and brominated epoxy resin, enhancing its product layout and profitability [5]. - The acquisition is expected to solidify Yaxing Chemical's industry position and support its ongoing development [5]. Group 3: Financial Performance - In the first three quarters of the year, Yaxing Chemical reported revenue of 641 million yuan, a year-on-year decrease of 2.53%, and a net loss attributable to shareholders of 144 million yuan, down 46.4% year-on-year [5]. - Prior to the suspension, Yaxing Chemical's stock was priced at 8.9 yuan per share, with a total market capitalization of 3.451 billion yuan [5].

【导读】亚星化学拟收购天一化学100%股权，股票明日复牌 中国基金报记者 忆山 停牌两周后，11月17日， 亚星化学 发布公告称，公司董事会已审议通过了相关议案，公司 股票将于11月18日复牌。 根据公告，亚星化学拟通过发行股份及支付现金的方式购买天一控股等24名股东持有的山东 天一化学股份有限公司（以下简称天一化学）100%股权。同时，公司拟向包括潍坊市城投集 团在内的不超过35名符合条件的特定投资者发行股份募集配套资金。 截至预案签署日，本次交易的审计及评估工作尚未完成，标的资产估值及定价尚未确定。亚 星化学预计本次交易构成上市公司重大资产重组。 资料显示，天一化学成立于2002年10月，是一家专业从事溴系列产品研发、生产和销售的企 业。公司主要产品分为溴系阻燃剂、均相离子膜、水性功能材料及钾盐钾肥四大板块，部分 产品市场占有率全国第一。 本次交易前，亚星化学主营氯化聚乙烯（CPE）、聚偏二氯乙烯（PVDC）、离子膜烧碱、水 合肼、ADC发泡剂、双氧水等产品，同时从事新型化学材料的开发和研究。 | | | 交易完成后，亚星化学的主要产品将新增溴系列精细化工产品，包括四溴双酚A、溴化环氧树 脂、溴化聚苯乙烯 ...

Core Viewpoint - The company, Astar Chemical, is planning to acquire control of Tianyi Chemical through a combination of issuing shares and cash payments, which is expected to constitute a significant asset restructuring and related party transaction [2][7]. Group 1: Company Overview - Astar Chemical's main products include chlorinated polyethylene (CPE), polyvinylidene chloride (PVDC), ion-exchange membrane caustic soda, hydrazine hydrate, ADC foaming agents, and hydrogen peroxide [4]. - In the first three quarters of this year, the company reported revenue of 641 million yuan, a year-on-year decline of 2.53%, and a net loss attributable to shareholders of 144 million yuan [4]. Group 2: Business Strategy - The company is focusing on two main business directions: the salt chemical industry represented by caustic soda and CPE, and the new materials industry represented by PVDC [4]. - Astar Chemical aims to leverage its production, technology, and quality advantages to explore high-end applications and improve profitability through cost-saving measures and project development [4]. Group 3: Acquisition Details - The acquisition of Tianyi Chemical is expected to help Astar Chemical expand into new business areas, particularly in fine chemicals [5]. - Tianyi Chemical specializes in bromine series products and has a production capacity exceeding 60,000 tons for various chemical products [5]. - The transaction is still in the planning stage, with the initial counterpart being Shandong Tianyi Holding Group, and the final transaction details are yet to be confirmed [7].