*ST Xiangdian ushered in a key step of gorgeous turn. Following the previous refinancing of 65.438+0.08 billion yuan *ST Xiangdian, Hunan state-owned assets made another move, and it is planned to delist 924 million yuan to transfer *ST Xiangdian wind power assets. In this way, *ST Xiangdian will be able to fully focus on the military industry and the main motor industry.
June 29th is the last day of the second listing and transfer of *ST Xiangdian Wind Energy Co., Ltd. (hereinafter referred to as "Xiangdian Wind Energy") 100% equity.
According to the latest announcement, as of June 29th, Hunan Xiang Xing Asset Management Co., Ltd. (hereinafter referred to as "Xiang Xing Assets") met the transferee requirements and paid a deposit of 50 million yuan on time, becoming the only qualified intended transferee. Xiang Xing Assets intends to acquire 65,438+000% equity of Xiangdian Wind Energy for about 924 million yuan.
For *ST Xiangdian, Xiang Xing assets are no strangers. Xiang Xing Assets is a wholly-owned subsidiary of Hunan Xiang Xing Investment Holding Group Co., Ltd. (hereinafter referred to as "Xiang Xing Group"). In February this year, *ST Xiangdian plans to issue shares to raise no more than 65.438+0.08 billion yuan to supplement working capital. Xiang Xing Group, the only state-owned capital operation platform in Hunan, plans to subscribe in full in cash, become the core shareholder of *ST Xiangdian, and sign a concerted action agreement with Xiangdian Group.
Stripping off wind power assets is of great significance to *ST Xiangdian.
First of all, peeling blood loss points can reduce losses. In 20 19, the operating income of wind energy in Xiangdian was about 65.438+53.9 million yuan, and the net profit was about-937 million yuan. In the first quarter of this year, Xiangdian Wind Power continued to lose money. If Xiangdian wind energy is successfully divested, it will have a great positive effect on *ST Xiangdian's performance this year.
According to the disclosure, the benchmark date of this assessment of Xiangdian Wind Energy is 20 19 12 3 1. "That is to say, if Xiangdian wind energy is transferred, the loss of Xiangdian wind energy in 2020 will no longer be borne by *ST Xiangdian." People familiar with the deal said. Previously, *ST Xiangdian had stopped its loss-making trading business and sold Changsha Water Pump Factory, which was dragged down by the company.
Secondly, by divesting wind power assets, *ST Xiangdian will recover a large amount of funds. In addition to the equity transfer payment of 924 million yuan, according to the agreement, a large amount of funds and guarantees deposited by *ST Xiangdian in Xiangdian Wind Energy will be gradually released. In addition, *ST Xiangdian said that the transfer of Xiangdian wind energy is conducive to the company's focus on motors, electronic control and military industry. This is also the strength of Hunan state-owned assets. *ST Xiangdian has a good foundation in military industry, motor and other main businesses.
According to TF Securities's research report, after divesting the loss-making assets, *ST Xiangdian's manufacturing industry will be mainly composed of high-end electric drives and electromagnetic equipment, and its special motors, electric propulsion and electromagnetic technology are in a leading position at home and abroad. *ST The marine all-electric system and electric propulsion system of Xiangdian Power, a military subsidiary of Xiangdian Power, will enter a high-speed development track.
Author: Crystal Ball Financial Blogger-Vulcan Catch Cattle