On Chongqing Wanli New Energy Co.Ltd(600847) January 5, with an increase of more than 20% in the last three trading days, the company issued an announcement on planning the suspension of major asset restructuring: the company is planning to acquire the control of Chongqing Teri battery materials Co., Ltd. through major asset replacement and share issuance, and raise supporting funds. This transaction constitutes a major asset restructuring and a related party transaction. Upon the application of the company, the trading of the company’s shares will be suspended from the opening of the market on the 6th, and the suspension time is expected to be no more than 10 trading days.
According to the announcement, the assets acquired in this transaction are 100% equity of Chongqing Wanli Power Technology Co., Ltd. held by the company, and the main business of the assets acquired is lead-acid battery business; With a registered capital of about 112 million yuan, it is located in Jianqiao Industrial Park, Chongqing, and is mainly engaged in the R & D, production and sales of cathode materials for lithium-ion batteries. At present, the scope of counterparties has not been finalized, and the preliminarily determined counterparties include but are not limited to Chongqing Tongzheng Industrial Co., Ltd.
According to the shareholder information, the controlling shareholder of Teri battery is Shenzhen Nanfang Tongzheng Investment Co., Ltd. and the actual controller is Liu Xicheng, who holds 54.42% of the shares of Teri battery through Nanfang Tongzheng and Tongzheng industry. However, 38.57% of the shares held by Nanfang Tongzheng have been pledged to Xinxing Jihua pharmaceutical Holding Co., Ltd. Nanfang Tongzheng will participate in this transaction when these shares meet the provisions of relevant laws and regulations and are agreed by all parties to the transaction. In addition, 20 natural person shareholders such as Qiu Xiaowei hold 33.42% of the shares of Teri battery in total. These shareholders are also willing to participate in this transaction. The specific transaction scheme is currently in the process of negotiation, and they will participate in this transaction when all parties to the transaction agree on the transaction terms.
It is reported that in 2017 Chongqing Wanli New Energy Co.Ltd(600847) took a stake in Teri battery and became its second largest shareholder. However, due to the performance loss of Teri battery at that time, and with the family controlled by Mo Tianquan, Chongqing Wanli New Energy Co.Ltd(600847) withdrew from Teri battery. In recent years, the rapid development of lithium-ion batteries and the maturity of related technologies have greatly improved the fundamentals of Teri batteries.
According to the previous statement of Nantong group and the supplementary agreement on share transfer signed with Chongqing Wanli New Energy Co.Ltd(600847) major shareholders and related parties, Nantong group is communicating with jiatianxia and planning to transfer the shares of the listed company from jiatianxia when conditions are ripe; At the same time, Nanfang Tongzheng is also actively docking with potential receivers of lead-acid battery business assets and actively promoting asset disposal. Among them, the deadline for asset disposal is February 9, 2022.
(Shanghai Securities News · China Securities Network)
