On the evening of 19, Xinjin Road announced that the company had signed an agreement with eight Tian Bing science and technology shareholders, including Cai Yu, to purchase 65.0 1% of the total equity of the target company by issuing shares and paying cash, and at the same time raised matching funds from Liu Jiangdong, the controlling shareholder and actual controller of the company, and their concerted actions. The company said that it is communicating with other shareholders of Tian Bing Science and Technology and will strive to acquire its 100% equity.
Want to resist the chemical cycle and seek a second main business.
Xinjinlu takes chlor-alkali chemical industry as its core business, supporting warehousing, logistics, trade and other businesses, and its leading products are polyvinyl chloride resin (PVC) and caustic soda.
According to the announcement, Tian Bing Science and Technology is mainly engaged in the design, packaging and testing of microwave and millimeter-wave chips, as well as the research, development, production and sales of microwave and millimeter-wave components and expansion systems, mainly for customers such as research institutes and universities.
For cross-border layout, the company said that chlor-alkali industry is a cyclical industry, and its competitiveness is mainly reflected in cost control and capacity change, with obvious scale effect. On the basis of consolidating its main business, the company actively explores the strategic transformation and upgrading of enterprises and seeks new profit growth points.
The company believes that through this transaction, the company will put in high-quality assets with strong profitability, and its main business will be expanded to the new field of electronics. This acquisition can effectively reduce the company's influence from the periodic fluctuation of chlor-alkali industry, improve the company's ability to resist risks and profitability, and help enhance the company's sustainable development ability and core competitiveness.
According to the semi-annual report of Xinjin Road in 2022, due to the decline in the prices of major products such as PVC in the second quarter of this year, the company achieved operating income of 654.38+82 million yuan in the first half of this year, a year-on-year increase of 3654.38+0.3%; The net profit of returning to the mother was 5,654,380+0,330 yuan, down 68.3% year-on-year.
Tian Bing Science and Technology once wanted to hold hands with Yin Tian Electromechanical.
It is worth noting that Tian Bing Technology, which Xinjin Road intends to acquire, was taken a fancy to by Yin Tian Electromechanical in August last year. As it also involves electronic business, Yin Tian Electromechanical believes that the acquisition of Tian Bing Technology can complement each other's business advantages. However, this year 1 ended, and the two sides ended up breaking up.
As for the reason for the termination of the acquisition, Yin Tian Electromechanical Co., Ltd. said that the main reason was that it failed to reach an agreement with some shareholders of the target company and could not achieve the company's goal of holding no less than 565,438+0% shares in Tian Bing Science and Technology.
According to the previous announcement of Yin Tian Electromechanical Co., Ltd., Tian Bing Science and Technology has 65,438+00 shareholders, which are divided into management team and financial investors. The shareholders of Yin Tian Electromechanical Co., Ltd. are mainly financial investors, involving two companies and three natural person shareholders of Tiqi Department. Among them, Tianyancha shows that Tiki New Materials (Beijing) Co., Ltd. is the largest shareholder of Tian Bing Science and Technology, with a shareholding ratio of 30%, and Tiki Star (Tianjin) Venture Capital Center (Limited Partnership) holds 4.99%.
The reporter noted that in the announcement of Xinjin Road, the company has reached an acquisition agreement with five management team shareholders and three natural person financial investors of Tian Bing Science and Technology. The shareholders who have not yet reached an agreement are two enlightenment shareholders. As we all know, financial investors usually do not participate in the management of the company, and the withdrawal of equity is also the core link for them to achieve profitability.
Xinjinlu said that the transaction price of the subject matter of this transaction has not yet been determined, and the final transaction price of the underlying assets will be determined by the parties to the transaction with reference to the evaluation value stated in the asset evaluation report issued by the asset evaluation agency hired by the listed company in accordance with the provisions of the Securities Law. At present, the asset audit and evaluation of this transaction has not been completed.