On January 10, mubang high tech (603398) announced that the company had signed the agreement of intent to acquire all the equity of Inner Mongolia haoan Energy Technology Co., Ltd. (hereinafter referred to as “Inner Mongolia haoan”) in cash to enter the field of new energy.
According to the data, the legal representative of the subject company is Zhang Zhongan, with a registered capital of 50 million yuan. It is an enterprise mainly engaged in the R & D, production and sales of photovoltaic silicon wafers. Its main products are Cecep Solar Energy Co.Ltd(000591) monocrystalline silicon wafers and silicon rods.
According to mubang hi tech, the main business site of hao’an in Inner Mongolia covers an area of about 150000 square meters and has about 400 employees. It was officially put into operation in July 2019. At present, 1.5gw monocrystalline silicon rod project has been completed, and the production capacity is expected to increase to 3gw in February 2022.
The main specifications of silicon wafer products produced by hao’an in Inner Mongolia are 166mm, 182mm and 210mm. The main customers are Shunfeng optoelectronics, Hunan Red Sun optoelectronics, Runyang photovoltaic, Lu’an Cecep Solar Energy Co.Ltd(000591) , Jinzhai Jiayue, a new energy, etc.
From the perspective of equity structure, Inner Mongolia hao’an is solely established by two natural persons, Zhang Zhongan and Yu Jumei, with the former holding 90%. Although it was put into operation soon, the performance scale of Inner Mongolia hao’an has exceeded 100 million: in 2020 and 2021, the operating revenue was 340 million yuan and 826 million yuan respectively, and the net profit was 22.63 million yuan and 104 million yuan respectively.
At present, the transaction consideration has not been announced, and mubang high tech is expected to form a major asset restructuring.
Mubang high tech said that if the transaction is successfully implemented, it will help the company to develop new main business. From the current development, production and sales of educational toys as the main business to the development situation of “educational toy industry + photovoltaic industry”, it will help to enhance the profitability of the company.
For the cross-border acquisition of the current hot photovoltaic industry, mubang high tech’s share price has “sounded a rise” in advance: it directly rose the limit on January 6, with a cumulative increase of 22.21% in the three trading days from January 6 to 10. During this period, mubang high tech did not release any public information before announcing the acquisition of assets on the evening of January 10.
Moreover, on December 31, 2021, mubang high tech also issued an announcement on the planned reduction of important shareholders: Bangling International Co., Ltd., the second largest shareholder holding 23.75% of the company’s shares, plans to reduce the company’s shares by no more than 13705400 shares, accounting for 4% of the company’s total share capital.
This means that the news that mubang high tech plans to acquire the photovoltaic industry may have been leaked in advance.
On January 10, mubang high tech announced that the deviation of the closing price of the stock for three consecutive trading days has reached 20%. After the company’s self-examination and written consultation with the controlling shareholder and actual controller of the company, there is no material information that should be disclosed but not disclosed as of the disclosure date of this announcement, except the disclosed information.
According to the data of the Dragon Tiger list, during the period from January 6 to 10, China International Finance Shanghai branch and Huatai Securities Co.Ltd(601688) headquarters frequently bought and sold the stock, buying 47.3868 million yuan and 26.1113 million yuan respectively, and selling 42.9342 million yuan and 34.1301 million yuan respectively. The purchase and sale amount ranked first and second among the buyers and sellers of the stock respectively.
In fact, mubang high tech has been rising continuously since the fourth quarter of last year. Since October 1, 2021, it has increased by more than 150% in total, and it has increased the limit for many times during this period.
Combing the announcement of mubang high tech, it can be found that during this period, the company conducted the general election of the board of directors and the board of supervisors, and the team of directors, supervisors and senior executives has changed greatly. At the same time, the company’s securities abbreviation and legal representative have also been changed.
(source: Securities Times · e company)
