On January 4, AVIC TEDA, a company of the Beijing stock exchange, issued a major asset purchase plan announcement, which planned to obtain 34% equity of Baotou Iron and steel energy conservation through capital increase and equity transfer with a total of about 468 million yuan. This is the first order for enterprises of Beijing stock exchange to participate in the mixed reform of state-owned enterprises and the first major asset reorganization of Beijing stock exchange.
According to the announcement, AVIC TEDA plans to subscribe for the newly increased registered capital of Baotou Steel energy conservation with RMB 208.53 million, and transfer China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) the registered capital of RMB 159.42 million held by Baotou Steel energy conservation with RMB 259.3764 million. Before this transaction, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) held 100% equity of Baotou Steel energy conservation; After the completion of this transaction, AVIC TEDA will hold 34% equity of Baotou Iron and steel energy conservation. This transaction constitutes a major asset restructuring. While China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) has not lost its control over Baotou Steel energy conservation, and Baotou Steel energy conservation will still be included in the consolidated statement of China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) .
The announcement shows that as of the signing date of the plan, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) holds 100% equity of Baotou Steel energy conservation and is the controlling shareholder of Baotou Steel energy conservation. Baotou Iron and Steel Group directly holds China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) 29.01% shares, holds China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) 8.92% shares through "Baotou Iron and Steel Group Galaxy securities-20 Baoji EB guarantee and trust property special account", holds China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) 37.93% shares in total, and is the controlling shareholder of China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) ; The people's Government of Inner Mongolia Autonomous Region holds 69.15% of the shares of Baotou Iron and Steel Group and is the actual controller of Baotou Iron and steel group. Therefore, the actual control of Baotou Steel's energy conservation is the Inner Mongolia People's government.
It is understood that the valuation of this transaction is 467.9064 million yuan, which is evaluated by the asset-based method. Taking April 30, 2021 as the appraisal base date, the book value of energy-saving net assets of Baotou Steel is 630980800 yuan, the appraisal value is 975081900 yuan, the added value is 344101100 yuan, and the added value rate is 54.53%.
Data show that Baotou Steel energy conservation is mainly engaged in energy conservation and environmental protection in the iron and steel industry. In the future, Baotou Iron and Steel Group plans to take Baotou Iron and steel energy conservation as the main body to carry out energy conservation and environmental protection businesses in the iron and steel industry, such as hazardous waste disposal, industrial water treatment, industrial waste gas treatment, environmental testing, energy conservation transformation, landscaping and industrial energy conservation consulting.
According to the relevant requirements of deepening the mixed ownership reform of state-owned enterprises, Baotou Iron and Steel Group implements the mixed ownership reform of Baotou Iron and steel energy conservation, the purpose is to further accelerate the development of Baotou Iron and steel energy conservation, promote the innovation of its system and mechanism, optimize its capital and equity structure, realize the complementary and coordinated development of state-owned and private capital, and further improve the efficiency of corporate governance, development vitality Market competitiveness and business performance, and enhance its profit contribution.
AVIC TEDA is a leading comprehensive service provider in the field of industrial flue gas treatment in China. It is committed to providing full life-cycle services for industrial flue gas treatment for non electric industries such as steel and coking. Its operating income in 2020 was 401030405 yuan, the net profit attributable to the parent company was 29202319 yuan, and the return on net assets was 8.36%.
AVIC TEDA said that the company has rich technical strength and industry experience, has a stable and high-quality customer base, and has a certain market position in the field of flue gas treatment in the iron and steel industry. The company has successively provided general contracting services and specialized operation of environmental protection facilities for Baotou Iron and Steel Group, and established a long-term and stable cooperative relationship.
In the view of AVIC TEDA, Baotou Steel Group is one of the important customers of listed companies. the company's participation in the mixed reform project of large state-owned enterprises helps to expand its business scope, reduce the risk of being replaced or occupied by companies in the same industry, and improve the company's market competitiveness and industry status. After the completion of this transaction, Baotou Iron and steel energy conservation provides the company with new business areas, which helps to improve the profitability of the company and enhance the anti risk ability of the company.
AVIC TEDA said that the mixed reform is conducive to the complementary advantages and synergy between the company and Baotou Steel. By combining the technical advantages and resources accumulated in the development of its main business with the energy-saving development of Baotou Steel, the company provides support in engineering design, construction management and operation services, which helps to further improve the comprehensive energy-saving technology and market service capacity of Baotou Steel and improve its core competitiveness. Meanwhile, Baotou Iron and Steel Group has long-term demand for energy conservation and environmental protection. The establishment of energy conservation and environmental protection platform through this transaction can realize complementary advantages and promote common development.
AVIC TEDA also announced the resumption of trading from the 5th. Previously, on December 20 last year, the company announced that it was participating in the bidding for the mixed reform project of Baotou Iron and steel group energy conservation and environmental protection technology industry Co., Ltd. and received the notice of capital increase results issued by Inner Mongolia property rights trading center, informing the company that it was determined to be one of the strategic investors of the above mixed reform project. In order to ensure fair information disclosure and avoid abnormal fluctuations in the company's share price, the trading of the company's shares will be suspended from December 21, 2021.
(Securities Times)
