Securities Times reporter Li Manning
"In response to the call for the reform of the national mixed ownership system, the transaction intends to deepen the integration of the original assets of the listed company and the target company by issuing shares to purchase assets, and exert synergy to revitalize the state-owned assets and realize the preservation and appreciation of state-owned assets." 29, 000301 East market, shares attending chairman said in Kaohsiung meter reorganization briefing.
Different from several other restructuring plans before this year, Guowang Hi-Tech intends to use the shell oriental market as a new sample for local state-owned assets reform. Both parties to the transaction belong to Suzhou Wujiang District. Prior to the transaction, the Wujiang District State-owned Assets Office held a total of 37.52% of the shares in the Eastern Market, which was the actual controller of the company. Guowang High-Tech is a local private enterprise in Wujiang. At present, the transaction has been approved and approved by the Jiangsu Provincial State-owned Assets Supervision and Administration Commission.
Looking back at the transaction, on the evening of August 20, the Oriental market, which was suspended for five months, disclosed that it intends to issue shares to acquire 100% equity of Guowang High-Tech, and the company's business will expand to the civilian polyester field. The latest plan is specifically that the company intends to issue 2.75 billion shares to Shenghong Technology and China Development Fund at a price of 4.63 yuan per share, and purchase the entire shareholding of Guowang High-Tech with a price of 12.733 billion yuan. After the completion of the transaction, the controlling shareholder of the company will be changed from Shenghong to Shenghong Technology, and the actual controller will be changed from Wujiang District State-owned Office to Qi Hangen and Zhu Hongmei.
With this transaction, the assets of the well-known entrepreneur in the chemical fiber industry, Hangan, will be based on Guowang High-Tech, and will be connected to the A-share capital market. Guowang High-Tech is mainly engaged in the research, development, production and sales of civilian polyester filament yarns. The products cover many series such as POY, FDY and DTY. Its A-share listed companies mainly Constant comparable shares 600346, attending shares, 603,225 new Fengming, attending shares, 601,233 shares of Tong Kun, attending stocks, petrochemical Hengyi 000703, diagnosis and Emori petrochemicals 002,493 shares, attending stocks.
According to financial data, the net profit of Guowang High-Tech in 2014, 2015, 2016 and January-June 2017 was 322 million yuan, 632 million yuan, 1.091 billion yuan and 608 million yuan respectively, maintaining a relatively high growth rate. The counterparty Shenghong Technology promised Guowang High-Tech to achieve a net profit of no less than 1.121 billion yuan in 2017; the total net profit realized in 2017 and 2018 is not less than 2.365 billion yuan; the total net profit realized from 2017 to 2019 Not less than 3.732 billion yuan.
It is worth mentioning that the current business of the Oriental market is diversified, including electricity, heat, business rental, real estate development, and platform trading. After the completion of the transaction, the original main business of the listed company did not have a business divestiture plan, but was supplemented by the new main business civilian polyester filament.
In addition, the platform trading business in the Eastern market has begun to take shape. It is understood that the e-commerce platform of the Eastern market has entered the operation period from the construction period. The main function is the wholly-owned subsidiary Yunfang City. The Yunfang City APP has completed internal testing and has collected information on 3,785 supplier members. Through the three-dimensional graphic image technology, the company collects market real-life data and starts the construction of offline fabric supermarkets. It is planned to be put into operation within the year.
The above-mentioned layout of the company coincides with the development vision of Guowang High-Tech. Guo Wang, Chairman of Guowang Hi-Tech, told the reporter of Securities Times Road e Company that in the future development plan, Guowang High-Tech will implement the strategy of “production scale, product differentiation and brand internationalizationâ€. Among them, in actively exploring the international market and strengthening the international competitiveness of products, Guowang High-Tech is actively exploring the sales channels of e-commerce, using the Internet platform to sell products, and appropriately expanding other sales methods based on product direct sales. Expand overseas markets, etc. Therefore, after the completion of the transaction, Guowang High-Tech can actively expand online sales channels and improve profitability through the e-commerce platform of listed companies.
Rayon is a kind of silky man-made fiber.Rayon fiber is a medium-to-heavy fiber with moderate to good strength and wear resistance. It has hydrophilic properties (moisture regain is 11%). This fiber can be dry-cleaned and can be washed under good care. The static electricity or pilling phenomenon is not expensive.By the way, our company have Tencel and Viscose is fabric with good strength and wear resistance.lightweight tencel rayon Smooth and soft surface.
Spun Rayon,Rayon Nylon,Rayon Fibres,Tencel Rayon Plain
SHAOXING SHUKE IMPORT AND EXPORT CO.,LTD , https://www.shuketex.com