-(2)Dewei New Materials: Acquisition of Jiangsu Heshi and Zhengsheng Chemical for 520 million yuan

(2)Dewei New Materials: Acquisition of Jiangsu Heshi and Zhengsheng Chemical for 520 million yuan
author:enerbyte source:本站 click384 Release date: 2023-10-07 08:55:14
abstract:
The acquisition of Jiangsu and Shili is a further implementation of the company's two new development strategies (namely new materials and new energy), which is conducive to the multi-level development of the company's main business, thereby exploring new profit growth points and incre...

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The acquisition of Jiangsu and Shili is a further implementation of the company's two new development strategies (namely new materials and new energy), which is conducive to the multi-level development of the company's main business, thereby exploring new profit growth points and increasing the company's main business income and product gross profit margin.

According to the "Agreement on Cash Purchase of Assets by Jiangsu Dewei New Materials Co., Ltd. and Jiangyin Huaneng Company Management Co., Ltd., Qu Jianhua, and Yao Liqin regarding Jiangsu Heshili New Materials Co., Ltd.", within 12 months after the original shareholder of Heshili, Jiangyin Huaneng, receives 100% of the equity transfer payment from the company, the actual controller of Heshili, Qu Jianhua Yao Liqin will invest no less than 300 million yuan to purchase the stocks of Dewei New Materials. The purchase methods include but are not limited to agreement transfer, secondary market bidding purchase, and bulk trading purchase. Within 20 working days after the purchase is completed, the purchased stocks will be applied for lockdown at the Shenzhen branch of China Registration and Clearing Corporation, with a lockdown period of 3 years.

On August 24, 2017, the fourth extraordinary meeting of the sixth board of directors of the company approved the proposal on acquiring 100% equity and related party transactions of Nantong Zhengsheng Chemical Technology Co., Ltd. Based on the due diligence evaluation results of Nantong Zhengsheng Chemical Technology Co., Ltd., it is proposed to use its own funds of RMB 41.1349 million to acquire 100% equity of Zhengsheng Chemical. This transaction will take advantage of Zhengsheng Chemical's location in Nantong Chemical Industry Park, which is beneficial for the company to further expand its main business and related product production in the future, and add new profit growth points.

Dewei Investment Group Co., Ltd. holds 38.48% of the shares of Dewei New Materials and is the controlling shareholder of the company. Mr. Zhou Jianming holds 97% of the equity of Dewei Group, so he is the actual controller of Dewei New Materials; At the same time, Mr. Zhou Jianming holds the position of Chairman of Dewei New Materials; The subject matter of this transaction, Nantong Zhengsheng Chemical Technology Co., Ltd., is a wholly-owned subsidiary of the controlling shareholder Dewei Group. Mr. Yao Jieyuan, a director of Dewei New Materials, works in a subsidiary of Dewei Group. Therefore, in accordance with relevant regulations such as the Shenzhen Stock Exchange ChiNext Stock Listing Rules and the Related Party Transaction Management System, Dewei Investment Group Co., Ltd. is a related party of this company, and Mr. Zhou Jianming and Mr. Yao Jieyuan are related directors, This transaction constitutes a related party transaction.

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