On April 25, Shanghai Pret Composites Co.Ltd(002324) announced that in order to improve the profitability of listed companies and realize the strategic transformation and upgrading of the main business of listed companies to new materials and new energy industries, the company plans to purchase 79.79% equity of haisida power held by haisida group in cash. After the completion of this equity transfer, the listed company has the right to increase the capital of haisida power supply by no more than 800 million yuan for the investment of two projects of haisida power supply: “phase II project of high specific energy and high safety power lithium-ion battery and power supply system with an annual output of 2gwh” and “phase I project of square lithium-ion battery with an annual output of 12gwh (annual output of 6gwh)”. After the completion of this equity transfer, the listed company will hold 79.79% equity of haisida power supply. After the completion of this equity transfer and future capital increase of 800 million yuan, the listed company will hold 87.04% equity of haisida power supply.
This transaction includes equity transfer and subsequent capital increase, of which 79.79% of the equity transfer price of the target company is RMB 1.141 billion. After the acquisition, the amount of capital increase of the target company is no more than RMB 800 million, and the total amount of equity transfer price and capital increase is no more than RMB 1.941 billion. The above equity transfer and subsequent capital increase are package transactions.
In order to raise funds to realize the above transactions, the company plans to complete the transaction by means of non-public issuance of a shares. The announcement shows that the number of this non-public offering does not exceed 250 million shares (including), and the total amount of funds raised does not exceed 2.2 billion yuan. In addition to being used for package deals, the rest of the raised funds are used to supplement working capital.
