Ruineng semiconductors may be backdoor Beijing Airport High-Tech Park Co.Ltd(600463) !
The Beijing Airport High-Tech Park Co.Ltd(600463) mainly engaged in the development and construction of the park threw out a suspension notice for planning major asset restructuring on the evening of December 14. If the transaction is successfully implemented, Beijing Airport High-Tech Park Co.Ltd(600463) will turn into a semiconductor company.
it is worth noting that A-Shares Yangzhou Yangjie Electronic Technology Co.Ltd(300373) indirectly hold 21.4488% equity of Ruineng semiconductors. If this is done, Yangzhou Yangjie Electronic Technology Co.Ltd(300373) will also enjoy the feast of capital appreciation.
It is worth noting that Ruineng semi director, whose downstream customer lineup can be called luxury, took the initiative to withdraw the listing application in June this year. Now it seems that Ruineng semiconductors did not give up their dream of entering the capital market, but changed to backdoor listing.
Beijing Airport High-Tech Park Co.Ltd(600463) the actual controller planning asset restructuring will change
Specifically, Beijing Airport High-Tech Park Co.Ltd(600463) announced that the company plans to purchase the semi leading or all equity of Ruineng jointly held by Nanchang jianen, Beijing Guangmeng, Tianjin Ruixin and other shareholders by issuing shares. Meanwhile, the company plans to sell assets, liabilities and personnel related to construction and other businesses to the controlling shareholder Beijing Airport Economic Development Co., Ltd. or its designated third party.
The announcement shows that the above-mentioned issuance of shares to purchase assets and asset sales are a package deal, which takes effect at the same time and is a prerequisite for each other. Further, the company said that due to the large number of shareholders of Ruineng semiconductors, the scope of counterparties has not been finalized, and the specific scope of assets sold is also in the process of demonstration, and the scheme approved by the competent State-owned assets regulatory authority shall prevail.
it is worth mentioning that this transaction constitutes a major asset reorganization and a reorganization listing, which is expected to lead to the change of the actual controller of Beijing Airport High-Tech Park Co.Ltd(600463) . The announcement said that since the transaction is still in the planning stage and there is uncertainty, the trading of the company’s shares has been suspended since December 14, and the suspension is expected to be no more than 10 trading days.
For the acquisition of Ruineng semi leading equity, the company said that at present, the scope of counterparties has not been finalized. The announcement shows that the identified counterparties include Nanchang jianen, Beijing Guangmeng and Tianjin Ruixin. The above three parties hold 64.2861 million shares of the target company, with a total shareholding ratio of 71.43%.
Tianyancha information shows that Ruineng semi director is mainly funded and established by 8 shareholders, of which the controlling shareholder of Beijing Guangmeng holding 24.286% of the company is A-share company Yangzhou Yangjie Electronic Technology Co.Ltd(300373) . And Yangzhou Yangjie Electronic Technology Co.Ltd(300373) also said when interactive easy reply investors in July this year that the company indirectly holds 21.4488% equity of Ruineng semi guide.
As for the negotiation progress on the acquisition of Ruineng semiconductor, Beijing Airport High-Tech Park Co.Ltd(600463) said that the company has signed the letter of intent for restructuring with Beijing Jianguang Asset Management Co., Ltd., the executive partners of Nanchang jianen, Beijing Guangmeng and Tianjin Ruixin, and the share acquisition intention with other shareholders of the subject company is under negotiation. The specific transaction agreements shall be subject to the agreements officially signed by all parties.
the backdoor party once “rushed to the examination” of the scientific innovation board
Ruineng semi director “rushed to the examination” of the scientific innovation board last year. On August 18, 2020, Shanghai stock exchange accepted the listing application of Ruineng semi guided science and innovation board. At that time, the company planned to raise 673 million yuan to invest in the construction project of C-MOS / IGBT-IPM product platform, Nanchang laboratory expansion project, R & D center construction project, and development and science and technology reserve fund.
According to the application draft of the prospectus, Ruineng semiconductor is mainly engaged in the R & D, production and sales of power semiconductor devices. It is an integrated power semiconductor enterprise with chip design, wafer manufacturing and packaging design. Its main products mainly include thyristors and power diodes, which are widely used in consumer electronics represented by home appliances, industrial manufacturing represented by communication power supply New energy, automobile and other fields.
According to the market statistics reported by IHS Markit, the market share of the company’s thyristor products in 2019 ranked first in China and second in the world.
According to the market statistics reported by WSTS Association, the global market share of the company’s thyristor products in 2019 was 21.8%, including 36.2% in China; In 2019, the global market share of the company’s power diode products was 2.6%, of which the Chinese market share reached 7.5%. Its downstream customers include Whirlpool (China) Co.Ltd(600983) , Electrolux, HP, Haier, Midea, Gree and many other well-known enterprises.
However, Ruineng semi director submitted an application to Shanghai Stock Exchange to withdraw the listing of science and innovation board in June this year. According to relevant regulations, the Shanghai Stock Exchange decided to also terminate the audit of Ruineng semi conducting’s initial public offering and listing on the science and innovation board.
Small companies with a market value of less than 2 billion yuan are “in love” by the hot semiconductor company. Its stock price trend can be predicted. More than 12000 shareholders have been excited for several boards.
Some investors questioned in the stock bar. Two days before the suspension, Beijing Airport High-Tech Park Co.Ltd(600463) was obviously in high volume.
However, Beijing Airport High-Tech Park Co.Ltd(600463) announcement indicates the risk: at present, the transaction is still in the planning stage, the parties to the transaction have not signed a formal transaction agreement, the specific transaction scheme is still under discussion and demonstration, and there is still uncertainty.
(Shanghai Securities News)
