Haitai Tech plans to acquire the controlling stake in Xuyu Shares: the target is listed on the New Third Board, with both revenue and net profit increasing last year.

Every Daily (Reporter) | Chen Pengli    Every Daily (Editor) | Chen Junjie

On the evening of April 6, Haitai Ke (SZ301022, share price 27.83 yuan, market value 2.77B yuan) released an announcement stating that it is in the process of planning to acquire control of Xinxiang-based NEEQ-listed company Xuyu Shares through an issuance of shares and payment of cash, and to raise supporting funds. The company’s shares will be suspended from trading starting April 7.

Haitai Ke has long been committed to the R&D, design, manufacturing, sales, and project management services for automotive injection-molding dies and plastic components. Geographically, Haitai Ke and Xuyu Shares are both local companies in Qingdao, Shandong.

It is understood that Haitai Ke has signed a “Memorandum of Cooperation on Equity” with the main counterparty involved in this transaction, and has initially reached an intention to purchase assets. Haitai Ke states that the initially determined transaction counterparty includes all or part of the shareholders of the target company, including Yang BaO, the actual controller of Xuyu Shares. However, the specific transaction方案 is still under discussion and demonstration. The final scope of transaction counterparties, transaction consideration, and other details will be determined by formal agreements to be separately signed by the parties.

In the announcement, Haitai Ke said it preliminarily expects that this transaction will not constitute a major asset restructuring, will not result in any change to the company’s controlling shareholder or actual controller, and will not constitute a restructuring listing. To ensure fair disclosure of information and avoid abnormal share price fluctuations, upon application to the Shenzhen Stock Exchange, Haitai Ke’s stock will be suspended from trading starting from the opening of trading on April 7, 2026 (Tuesday). The expected suspension period will not exceed 10 trading days. The transaction plan is expected to be disclosed no later than April 21, followed by resumption of trading.

Public information shows that the target company Xuyu Shares is an enterprise mainly engaged in the research, production, and sales of geosynthetic materials. Its products are widely used in infrastructure construction fields such as railways, highways, water conservancy, and environmental protection. The company listed on the NEEQ on September 16, 2022, and is currently a company in the Innovation Layer. Notably, Xuyu Shares is not only a national-level “Little Giant” enterprise specialized in niche areas, but also has been recognized as a single-item champion enterprise in manufacturing in Shandong Province and a high-tech enterprise.

The latest disclosed 2025 annual report of Xuyu Shares shows that last year the company achieved operating revenue of 280 million yuan, a year-on-year increase of 27.8%, and attributable net profit reached 43.58M yuan, a year-on-year increase of 25.34%. The growth in performance is mainly attributable to the centralized commencement of work and supply during the reporting period for certain domestic projects that had been continuously tracked previously, as well as centralized procurement from new customers in the Central Asia region.

Endless news, precise interpretation—right here in the Sina Finance app