Through the exchange of assets, Wengfu (Group) Co., Ltd. was reorganized and listed on the backdoor.
19 On the evening of May, Shanghai Zhongyida Co., Ltd. (6006 10) issued a major asset restructuring plan, intending to acquire 0/00% equity of Wengfu (Group) Co., Ltd. by issuing shares to purchase assets. After the transaction is completed, Wengfu Group will become a wholly-owned subsidiary of Zhongyida.
Wengfu Group's main business includes manufacturing, trade, technical services and warehousing, covering upstream and downstream links such as phosphate rock, phosphate fertilizer and phosphorus chemical products. Wengfu Group is rich in phosphate rock resources, and its reserves rank among the top in China, with good ore washability. The grade of ore is above 25%, and some rich ores are above 30%.
The company has laid out four phosphate fertilizer and phosphorus chemical production bases in Fuquan, Guizhou, Jinchang, Gansu, Dazhou, Sichuan and Shanghang, Fujian, comprehensively utilized the associated resources of phosphate rock, vigorously developed fluorine chemical industry, and formed an integrated industrial chain of "phosphate rock-phosphoric acid-phosphate fertilizer and phosphorus chemical products".
The net profit of Zhongyida 20 19 and 2020 is 25.984 million yuan and 45.5583 million yuan respectively. The controlling shareholder is Rongxing No.4 Asset Management Plan managed by Cinda Securities, and Cinda Securities, as the manager of Rongxing No.4 Asset Management Plan, exercises the rights of the actual controller on its behalf. Zhongyida said that in order to realize the company's long-term sustainable development and seek new business growth points, Wengfu Group, which is supported by national industrial policies, has strong profitability and good business growth, has been placed in a listed company after reaching an understanding with China Xinda and Guizhou Provincial State-owned Assets Supervision and Administration Commission. With the influence of the capital market, Wengfu Group's own brand and market image will be significantly enhanced, and its market recognition will be further enhanced.
At the same time, Wengfu Group can conduct mergers and acquisitions through the capital market, further improve the industrial chain, expand the production scale, and provide sustained and strong impetus for enterprise development. After this transaction, Zhongyida's main business will be changed to the production and sales of phosphate fertilizer and phosphorus chemical products, as well as the trade of phosphate fertilizer and phosphorus chemical products and other products, and become an industry-leading and core competitive phosphate fertilizer and phosphorus chemical production enterprise.