Xiangyang Boya Precision Industrial Equipments Co.Ltd(300971) it was announced on December 23 that the company signed the capital and share increase agreement of Wuhan antiperon Environmental Technology Co., Ltd. with Wuhan antiperon Environmental Technology Co., Ltd. (hereinafter referred to as Wuhan antiperon) and its original shareholders and new shareholders. The company increased the capital of Wuhan antiperon with its own capital of 15.0202 million yuan, and the rest increased the capital of Wuhan antiperon with its own capital of 7.8716 million yuan.
Prior to the capital increase, Xiangyang Boya Precision Industrial Equipments Co.Ltd(300971) did not hold the shares of Wuhan antiperon. After the capital increase, Xiangyang Boya Precision Industrial Equipments Co.Ltd(300971) holds 51% equity of Wuhan anpeilong.
The announcement shows that Wuhan anpeilong has not carried out production and operation activities since its establishment. As of June 30, 2021, the net assets of Wuhan apelong were 3.0373 million yuan. Wuhan anpeilong’s main equity is to hold 15% shares of Wuhan Xingda High Tech Engineering Co., Ltd. (hereinafter referred to as Wuhan Xingda high).
According to the announcement, Wuhan xingdagao mainly produces and sells electrolytic seawater chlorination devices, electrolytic brine chlorination devices, sanitary chlorination devices and automatic backwash filters. Its products are widely used in thermal power, gas power, nuclear power, petroleum, chemical and other projects at home and abroad.
Wuhan xingdagao achieved an operating revenue of 55.1016 million yuan and 6.3704 million yuan respectively in 2020 and January March 2021, and a net profit of 5.3958 million yuan and 749100 yuan respectively.
The announcement said that the purpose of the capital increase is to provide funds for Wuhan anpeilong to buy up to 34% of the shares of Wuhan Xingda. The tentative time limit for the acquisition of 34% equity of Wuhan Xingda is within 30 working days after the completion of the capital and share increase. If Wuhan antiperon fails to acquire up to 34% equity of Wuhan Xingda subsequently, Xiangyang Boya Precision Industrial Equipments Co.Ltd(300971) has the right to reduce capital and exit at the original price.
Xiangyang Boya Precision Industrial Equipments Co.Ltd(300971) said that Wuhan xingdagao’s products are highly consistent with the company’s core equipment manufacturing advantages, and its operation is good and its market prospect is broad. This investment is conducive to the company’s use of the company’s equipment manufacturing capacity, enrich and improve the company’s layout in the environmental protection equipment industry, and improve the company’s development ability and competitiveness on the premise of maintaining the normal operation of the main business.
(China Securities Journal · China Securities Network)
