The transaction plan is out! Ten trading days after the suspension, Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) 4 issued a plan to issue shares to purchase assets and raise supporting funds and related party transactions, saying that the company plans to purchase 100% equity of Yaomei group jointly held by Sinochem Group, China Cinda and China Huarong by issuing shares, and issue shares to no more than 35 qualified specific investors to raise supporting funds. Up to now, the audit and evaluation of the above transactions have not been completed, the valuation and pricing of the underlying assets have not been determined, and the trading of the company's shares and convertible bonds has resumed since the opening of the market on April 25.
Among them, Nenghua group is the indirect controlling shareholder of Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) and the controlling shareholder of Yaomei group, which constitutes a related party transaction. In order to avoid horizontal competition with Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) and ensure the legitimate rights and interests of Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) and its minority shareholders, Sinochem Group made a commitment to avoid horizontal competition in 2018.
At present, Yaomei group has good operation indicators, stable and orderly safety production, and has the conditions for asset injection. Yaomei group is mainly engaged in coal mining, washing and sales. The commercial coal produced by each coal mine is of high quality and has strong market competitiveness and profitability. At the same time, Yaomei Group operates thermal power generation, shale oil production and sales, and the proportion of businesses other than coal mining and sales is relatively small.
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) with coal mining and sales as its core business, it owns three independent coalfields of dabaowei, Honghui and Wangjiashan, and four production coal mines of Wangjiashan mine, Honghui No. 1 mine, Dashuitou mine and Weijiadi mine. It also owns exploration and design, gas power generation, machinery manufacturing and repair, testing and inspection and other operating assets. In addition, Jingtai coal industry, the holding subsidiary of the company, has obtained the mining right license, The construction project of baiyanzi mine and coal preparation plant is currently in the construction period.
By the end of 2021, Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) coal products had an output of 8.7799 million tons, a sales volume of 9.4165 million tons, a thermal power generation capacity of 3.573 billion kWh and a heating capacity of 5.6186 million GJ.
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) said that through this transaction, the company will place high-quality assets with strong profitability, further promote the development of its main coal business, broaden the layout of the company in the coal field, improve the market position of Listed Companies in the coal industry, enhance the influence of Listed Companies in the regional energy market, and further strengthen the profitability and core competitiveness of listed companies.
