Fuxin Dare Automotive Parts (300473.SZ) plans to increase its stake in the acquisition of 100% equity of Aizhuo Technology. Merging with the same industry will bring synergistic effects. The resumption of trading will be on November 19.

Fuxin Dare Automotive Parts (300473.SZ) has released a plan to issue shares to purchase assets and raise matching funds through related transactions. The listed company intends to issue shares to Shanghai De'er to purchase 70% equity of Aizhuo Technology held by it, and plans to acquire 30% equity of Aizhuo Technology held by Xingbaichang Partnership at zero cost (which is the unpaid subscribed capital), and intends to issue shares to no more than 35 specific investors to raise matching funds. The issuance price is 14.15 yuan per share. It is reported that the main business of the listed company is the research and development, production, and sales of various automotive parts, including noise reduction (NVH), insulation, and lightweight products; electric pumps, motors, and mechanical pumps; electronic control, and automotive electronic products. The target company's main products are automotive film-coated parts and automotive coated parts, which belong to automotive interior parts. Therefore, both the listed company and the target company belong to the "manufacture of automotive parts and accessories" industry (C3670), and this transaction is considered a merger within the same industry. The target company has good profitability and business prospects, therefore, this transaction will help increase the income and profits of the listed company, and enhance its sustained profitability. In addition, the listed company and the target company have good complementarity in terms of product structure, customer resources, product matching, and research and development, leading to good synergy effects. Therefore, this transaction is beneficial for expanding the product structure around the listed company's core business of automotive parts, fully utilizing the synergies between both parties, and achieving mutual benefits. According to the relevant regulations of the Shenzhen Stock Exchange, after the company's application, the company's stock will resume trading on November 19, 2024 (Tuesday).