After the price limit rose, Hongrun Construction Group Co.Ltd(002062) on January 13, two announcements were issued at the same time. There was a quarrel in the stock bar. Is it good or bad?
The announcement said that Hongrun Construction Group Co.Ltd(002062) and Ningbo Shanshan Co.Ltd(600884) signed the strategic cooperation framework agreement on the same day, and Hongrun Construction Group Co.Ltd(002062) plans to merge and integrate Ningbo Shanshan Co.Ltd(600884) photovoltaic new energy assets and businesses. The company also announced that Hongrun holdings, the controlling shareholder of the company, signed the termination agreement of share transfer intention agreement with Hangzhou Metro and Hangzhou capital, and the planned change of the controlling shareholder of the company was terminated.
proposed merger and integration of photovoltaic assets
On January 13, Hongrun Construction Group Co.Ltd(002062) announced that the company and Ningbo Shanshan Co.Ltd(600884) recognized each other’s capabilities in the field of photovoltaic new energy business and agreed to establish a strategic cooperative relationship. Hongrun Construction Group Co.Ltd(002062) intends to merge and integrate Ningbo Shanshan Co.Ltd(600884) photovoltaic new energy assets and businesses. Ningbo Shanshan Co.Ltd(600884) plans to conduct strategic cooperation with Hongrun Construction Group Co.Ltd(002062) with its photovoltaic new energy assets and business, and on this basis, it plans to become the strategic cooperation shareholder of Hongrun Construction Group Co.Ltd(002062) .
Hongrun Construction Group Co.Ltd(002062) it is planned to expand its layout in photovoltaic and other new energy fields through this strategic cooperation, and expand its business in photovoltaic building integration, photovoltaic promotion throughout the county, green power asset investment and operation, energy management, energy storage and so on.
According to the agreement, both parties intend to complete the cooperation of photovoltaic module assets and business by transferring the shares of Ningbo Eureka Cecep Solar Energy Co.Ltd(000591) Co., Ltd. from Ningbo Shanshan Co.Ltd(600884) to Hongrun Construction Group Co.Ltd(002062) . Both parties will further negotiate and sign a formal share transfer agreement after the agreement comes into force. Eureka’s existing photovoltaic power station assets and business are not included in the transfer scope of both parties, Ningbo Shanshan Co.Ltd(600884) will complete the divestiture of power station assets and business from Eureka before the completion of the above equity transfer and delivery.
After the transfer of Eureka’s shares is completed, Ningbo Shanshan Co.Ltd(600884) plans to acquire Hongrun Construction Group Co.Ltd(002062) shares, become a strategic cooperative shareholder of Hongrun Construction Group Co.Ltd(002062) , and assist Hongrun Construction Group Co.Ltd(002062) to further promote the development of photovoltaic new energy business.
Ningbo Shanshan Co.Ltd(600884) focus on the two core businesses of lithium battery materials and polarizers, and the photovoltaic business is listed as a non core business. Ningbo Shanshan Co.Ltd(600884) the third quarterly report of 2021 shows that the PV business realized a net profit attributable to the parent company of 20.6249 million yuan in the first three quarters of 2021. According to the company’s 2021 semi annual report, Eureka achieved an operating revenue of 429 million yuan and a net profit of -12.9371 million yuan in the first half of last year.
termination of share transfer
Hongrun Construction Group Co.Ltd(002062) it was announced on the same day that Hongrun holdings, the controlling shareholder of the company, signed the termination agreement of share transfer intention agreement with Hangzhou Metro and Hangzhou capital recently. Due to the failure to sign a formal share transfer agreement, both parties agreed to terminate the intention agreement and terminate the transaction from the date of effectiveness of this agreement.
On May 25, 2021, Hongrun Construction Group Co.Ltd(002062) announced that Hongrun holdings signed the share transfer intention agreement with Hangzhou Metro and Hangzhou capital, and planned to transfer 29.93% of the company’s shares to the latter two, with the transfer price not exceeding 5 yuan per share and the total transfer price not exceeding 1.65 billion yuan. If the transaction is successfully completed, Hongrun Construction Group Co.Ltd(002062) controlling shareholder will be changed from Hongrun holdings to Hangzhou Metro.
But at the same time, Hongrun Construction Group Co.Ltd(002062) also suggests that 77.23% of the shares held by the controlling shareholders are pledged, and there is a risk that the transfer cannot be made in this transaction.
The secondary market was also full of expectations for Hongrun Construction Group Co.Ltd(002062) This equity transfer. On May 26, 2021, after Hongrun Construction Group Co.Ltd(002062) resumed trading, it rose strongly to close at 4.91 yuan / share. Recently, the stock price of Hongrun Construction Group Co.Ltd(002062) has risen all the way under the catalysis of the concept of large foundation construction and underground pipe gallery. On January 13, the company’s share price rose by the limit, up 20.2% this year.
Ningbo Shanshan Co.Ltd(600884) transferred lithium assets
It is worth noting that Ningbo Shanshan Co.Ltd(600884) recently transferred its lithium assets to Jinzhou Jixiang Molybdenum Co.Ltd(603399) . Since then, the share price of Ningbo Shanshan Co.Ltd(600884) has “fallen endlessly”, while Jinzhou Jixiang Molybdenum Co.Ltd(603399) has gained four consecutive boards.
On January 6, Ningbo Shanshan Co.Ltd(600884) announced that it was agreed that the wholly-owned subsidiary Ningbo Yongshan Lithium Industry Co., Ltd. would transfer its 100% equity of Hunan Yongshan Lithium Industry Co., Ltd. to the company’s related party Jinzhou Jixiang Molybdenum Co.Ltd(603399) , with a total transaction price of 480 million yuan. Since the actual controllers of Jinzhou Jixiang Molybdenum Co.Ltd(603399) and Ningbo Shanshan Co.Ltd(600884) are Zheng Yonggang, the above transactions constitute related party transactions.
Hunan Yongshan is mainly engaged in the R & D, manufacturing and sales of lithium salt products such as lithium carbonate and lithium hydroxide. It was originally planned to supply lithium salt and other raw materials for Ningbo Shanshan Co.Ltd(600884) cathode business.
Ningbo Shanshan Co.Ltd(600884) said that under the company’s development strategy of strengthening and highlighting the two core businesses of polarizer and lithium battery cathode materials, the company plans to sell 100% equity of Hunan Yongshan, aiming to further deepen the specialized development strategy, focus on the development of polarizer and lithium battery cathode materials, optimize resource allocation and enhance the company’s core competitiveness.
