Steel industry leader Sun Jimu has acquired a stake in Zhende Medical Co.,Ltd., following his previous strategic investment in Jingu Co.
Zhende Medical Co.,Ltd. (603301) announced on the evening of September 10 that its controlling shareholder Zhejiang Zhende and its wholly-owned subsidiary Xuchang Landscape signed a share transfer agreement with Sun Jimu and others on that day. Zhejiang Zhende and Xuchang Landscape plan to transfer a total of 13.3226 million shares to Sun Jimu, representing a 5% stake in the company.
The agreed transfer price is 26.74 yuan per share, representing approximately a 10% discount compared to Zhende Medical's closing price of 29.45 yuan per share on September 10, with the total transaction value reaching 356 million yuan.
This agreement transfer does not trigger a mandatory offer and will not result in changes to the company's controlling shareholder or actual controller. After the transaction, Zhende Medical's controlling shareholder Zhejiang Zhende and its parties acting in concert will hold a combined 54.2% stake, while Sun Jimu will hold a 5% stake.
Zhende Medical stated that the transferor is reducing its shareholding through the agreement transfer based on its own development and capital arrangements, while introducing investors who are optimistic about the company's future development prospects. The transferee, based on full recognition of the company's development prospects and long-term investment value, plans to increase holdings through the agreement transfer method. Sun Jimu indicated that he does not rule out continuing to increase holdings in Zhende Medical shares within the next 12 months.
Founded in 1994, Zhende Medical is an enterprise integrating research and development, production, and sales with coordinated development in the "medical + health" industry. Its main product lines cover health protection, wound care, household hygiene, adult care, protective aids, therapeutic patches, personal beauty care, and nasal care products.
In the first half of this year, Zhende Medical achieved operating revenue of 2.1 billion yuan, an increase of 2.83% compared to the same period last year; net profit attributable to shareholders was 128 million yuan, a decrease of 20.61% compared to the same period last year. Zhende Medical explained that the performance change was due to the comprehensive impact of overseas production bases officially starting production in the second half of last year, with production operations still in the capacity efficiency ramp-up period, short-term increased expense expenditures, and increased international and domestic product registration fees for developing new markets.
The investor introduced by Zhende Medical this time has an industrial background, but not from the major health industry.
Sun Jimu is the Chairman of the Board of Directors of Hebei Xinhua United Metallurgy Holding Group Co., Ltd. In the list released by the All-China Federation of Industry and Commerce on August 28, Hebei Xinhua United Metallurgy Holding Group Co., Ltd. ranked 42nd in the "2025 China Private Enterprise 500" with operating revenue of 172.8 billion yuan.
According to public information, Hebei Xinhua United Metallurgy Holding Group Co., Ltd. currently has more than 20,000 formal employees and occupies a total area of more than 15 million square meters. It is a large-scale private steel enterprise group integrating sintering, iron making, steelmaking, hot rolling, and cold rolling, with comprehensive annual production capacity of steel and coke integration supporting more than 20 million tons. The group has invested more than 80 billion yuan in fixed assets in the real economy.
In the capital market, in November last year, Sun Jimu completed the stake building in Jingu Co. (002488) through his controlled Hebei Zhongzhong Cold Rolled Materials Co., Ltd. and Hebei Zongheng Group Fengnan Iron and Steel Co., Ltd., with his current shareholding reaching 6%. Since the beginning of this year, Jingu Co.'s stock price has cumulatively risen by 21%, making Sun Jimu's stake building quite profitable.
It is worth noting that although Sun Jimu's main industries are currently concentrated in Hebei Province, the two listed companies in which he holds more than 5% stakes in the capital market - Jingu Co. and Zhende Medical - are both located in Zhejiang Province. Among them, both Zhende Medical's registered location and Sun Jimu's hometown are located in Shaoxing City, Zhejiang Province.
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