According to an announcement, on the evening of September 5th, HUITONGDA NET (09878) released a public notice regarding the signing of a reorganization investment agreement with Jin Tong Ling Technology Group Co.,Ltd. (300091.SZ). Under the agreement, HUITONGDA NET will acquire a 25% stake in Jin Tong Ling Technology Group at a purchase price of approximately 994 million RMB. Jin Tong Ling Technology Group's announcement shows that HUITONGDA NET obtained shares at a price of 1.3996 yuan per share, while Jin Tong Ling Technology Group's closing price today was 3.2 yuan per share.
It is reported that Jin Tong Ling Technology Group belongs to the high-end manufacturing industry, with core businesses ranking in the first tier domestically and possessing strong industry positioning and competitiveness. The company was established in Nantong, Jiangsu in 1993 and listed on the Shenzhen Stock Exchange in 2010.
Regarding this acquisition, HUITONGDA NET's announcement stated that it will achieve goals of "quality asset allocation," "enhanced shareholder returns," and "promoting company development" from three aspects:
(1) Acquiring quality scarce assets at lower cost to enhance shareholder returns. Participating in listed company bankruptcy reorganization has become an important channel for enterprises to access A-share capital markets due to advantages such as fair acquisition costs (typically 50% of market price), strong certainty, and thorough risk isolation. According to statistics, only a small number of listed company reorganization cases receive regulatory approval each year, making opportunities difficult to obtain. Jin Tong Ling Technology Group belongs to high-end manufacturing, with core businesses in the domestic first tier, possessing strong industry positioning and competitiveness. It is expected that after reorganization completion, the company will quickly achieve profitability and enter a rapid development track with dual injection of capital and assets.
(2) Utilizing quality capital resources from both markets to promote company development. After the acquisition completion, HUITONGDA NET will establish an H+A capital operation platform, enabling more convenient access to quality capital resources both domestically and internationally, accelerating enterprise development while creating multi-layered potential capital operation pathways.
(3) Supporting the company's smart supply chain industry layout and promoting business development. HUITONGDA NET will leverage its mature operational management experience, supply chain and channel advantages, and rich industrial resources to empower the development of Jin Tong Ling Technology Group's retained business segments. Meanwhile, utilizing remaining funds after reorganization, the company will conduct industry layout centered on big consumption and intelligent manufacturing, transforming Jin Tong Ling Technology Group into a comprehensive industrial platform company that possesses both advanced manufacturing new quality productive forces and serves the sinking market.
Through this acquisition, HUITONGDA NET will further accelerate its "big consumption + intelligent manufacturing" dual industry layout to create new incremental space and enhance the company's profitability level. In the interim results report released just last week, HUITONGDA NET specifically mentioned that it would "actively promote quality enterprise mergers and acquisitions." The agreement signing with Jin Tong Ling Technology Group demonstrates HUITONGDA NET's strategic execution capability and determination for shareholder returns through the "industry development + capital operation" dual-wheel drive approach.