Investors should consult Golden麒麟 analyst reports for authoritative, professional, timely, and comprehensive analysis to uncover potential thematic opportunities. Keda Industrial Group Co., Ltd. plans to acquire minority stakes in its controlling subsidiary, with trading of its shares suspended starting January 15. Known as the "Ceramic Machinery King," Keda Industrial is planning a significant asset restructuring! On January 14, Keda Industrial announced that the company is planning to acquire minority equity in its controlling subsidiary, Guangdong Tefu International Holding Co., Ltd. (hereinafter referred to as "Tefu International"), through a combination of issuing shares and cash payment, while also raising supporting funds. This transaction is expected to constitute a connected transaction and a major asset restructuring. The company's A-shares will be suspended from trading starting January 15, 2026, with the expected suspension period not exceeding 10 trading days. According to the company's official website, Keda Industrial Group Co., Ltd. was established in 1992 and listed on the Shanghai Stock Exchange in 2002. Its main businesses include building materials machinery, overseas building materials, new materials and new energy equipment, with strategic investments in lithium salt operations primarily through its interest in LanKe Lithium. The transaction target, Tefu International, was established on November 10, 2023. Its business scope encompasses enterprise headquarters management, brand management, import and export of goods, processing, manufacturing, and sales of architectural ceramic products, among others.
The announcement indicates that this transaction is still in the planning stage, and the company is currently in discussions with potential counterparties. The preliminarily identified parties to the transaction include 15 individuals such as Luo Jichao, Wang Dajiang, and Li Yuejin, as well as 9 legal entities and partnerships including Senda Group Co., Ltd. It is reported that Tefu International serves as the core platform for Keda Industrial's overseas building materials business. The company has established ceramic manufacturing bases in several African countries, covering markets such as Cameroon, Côte d'Ivoire, Ghana, and Kenya, forming a relatively complete overseas production and sales network. In terms of performance, for the first three quarters of 2025, Keda Industrial achieved operating revenue of 12.605 billion yuan, a year-on-year increase of 47.19%; net profit attributable to shareholders was 1.149 billion yuan, a year-on-year increase of 63.49%. Keda Industrial attributed the performance growth primarily to the contributions from its overseas building materials business and lithium battery materials segment.
Regarding the expansion plans for the overseas building materials business, Keda Industrial has previously stated that it will continue to focus on countries and regions in sub-Saharan Africa, while gradually extending its reach to areas such as South America. It is worth noting that in October 2025, Keda Industrial received a "Decision on Administrative Regulatory Measures" issued by the Guangdong Bureau of the China Securities Regulatory Commission. Due to multiple violations, including inaccurate and untruthful disclosures in several periodic reports, failure to review and disclose the compensation of directors, supervisors, and senior management as required, failure to disclose related-party non-operational fund occupancy, and improperly providing financial assistance to related parties without disclosure, the Guangdong Bureau decided to issue regulatory warnings to 10 responsible persons within the company. At the market close on January 14, Keda Industrial's stock price was 14.78 yuan per share, with a latest market capitalization of 28.35 billion yuan.
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