Core Viewpoint - New Dazheng plans to acquire 75.1521% equity of Jiaxin Liheng, backed by CITIC Capital, through a combination of share issuance and cash payment [1][5]. Group 1: Acquisition Details - New Dazheng intends to acquire 53.0308% equity from Xincheng Facility Management and 12.1213% from Beijing Xinrunheng, along with 10% from six other parties [3][4]. - The share issuance price is set at 8.44 yuan per share, representing a 35.47% discount from the last closing price of 13.08 yuan [3][4]. Group 2: Financial Performance - Jiaxin Liheng's projected net profits are 1.26 billion yuan for 2024, with revenues of 30.35 billion yuan [3][4]. - The company's revenues for 2023, 2024, and the first eight months of 2025 are reported as 29.04 billion yuan, 30.35 billion yuan, and 20.75 billion yuan, respectively [4]. Group 3: Strategic Implications - The acquisition is expected to enhance New Dazheng's business presence in key regions such as the Yangtze River Delta, Bohai Rim, Greater Bay Area, and Chengdu-Chongqing Economic Circle [7]. - The transaction is anticipated to transform New Dazheng's business scope from property management to comprehensive facility management, facilitating a strategic upgrade [7].

Group 1 - The company, New Dazheng, announced a major asset restructuring plan to acquire 75.15% of Jiaxin Liheng through a combination of share issuance and cash payment, with the transaction price yet to be determined [2] - The acquisition aims to expand the company's business presence in key regions such as the Yangtze River Delta, Bohai Rim, Greater Bay Area, and Chengdu-Chongqing Economic Circle [2] - New Dazheng plans to issue shares to no more than 35 specific investors to raise funds for cash payments and transaction-related fees [2] Group 2 - Jiaxin Liheng, established in 2020, aims to become a leading integrated facilities management service provider in China, serving commercial clients with a focus on on-site comprehensive facilities management [3] - Jiaxin Liheng reported revenues of 3.035 billion yuan and 2.075 billion yuan for the years 2024 and the first eight months of 2025, respectively, with net profits of 126 million yuan and 84.8494 million yuan [3] - The core business of Jiaxin Liheng includes integrated facilities management, green energy management, and large event security, leveraging technology integration and customized services [3] Group 3 - Following the transaction, New Dazheng will enhance its national strategy and expand its business scope from property management to integrated facilities management [4] - The acquisition will strengthen the company's capabilities in integrated solutions for various clients, marking a transition to a new phase of high-quality development [4]