On January 7, Beijing Worldia Diamond Tools Co.Ltd(688028) announced that the company planned to purchase 100% equity of Shenzhen xinjinquan Precision Technology Co., Ltd. (hereinafter referred to as “xinjinquan”) by issuing shares and paying cash, with a total transaction price of 697 million yuan.
According to the announcement, Beijing Worldia Diamond Tools Co.Ltd(688028) plans to purchase 100% equity of xinjinquan from 31 counterparties such as Zhang sulai and Zhong Shujin by issuing shares and paying cash. The price of the issued shares is determined to be 32.50 yuan / share by both parties through negotiation. At the same time, 487 million yuan of supporting funds were raised for cash consideration for transactions, project construction of the target company and supplementary working capital.
Statistics show that xinjinquan is a high-tech enterprise focusing on the R & D, production and sales of medium and high-end precision tools. It has been deeply engaged in the customized precision tool industry for many years. It has developed into one of the advanced tool enterprises in 3C industry, and can provide early-stage consultation, product design, parameter adjustment One stop customized tool solutions for production, delivery and after-sales service.
Beijing Worldia Diamond Tools Co.Ltd(688028) said that xinjinquan is engaged in customized precision tools business and has achieved a relatively leading industry position in the field of precision machining tools in 3C industry. Both the listed company and the acquisition target are engaged in the R & D and production of superhard precision cutting tools and superhard material products, with high synergy; Through this transaction, the listed company will strengthen the integration of business, downstream resources and sales channels, and focus on the development of tool business.
According to the performance commitment, xinjinquan’s net profit after non deduction from 2021 to 2024 will be no less than 47.66 million yuan, 53.07 million yuan, 53.05 million yuan and 65.22 million yuan respectively, with a total of no less than 219 million yuan; Compared with the restructuring plan launched in October last year, the promised performance of each year is different, but the total amount remains the same.
(source: Information Times)
