After five days and five nights of fierce fighting, at 7:48 on May 21, the auction of 542857% equity of Yajiang snowway Mining Development Co., Ltd. (hereinafter referred to as snowway mining) held by Chengdu Xingneng new materials Co., Ltd. (hereinafter referred to as Xingneng new materials) finally fell.
Jingdong bankruptcy auction information shows that the starting price of the auction object is 3.3529 million yuan, and the final transaction price is as high as more than 2 billion yuan. According to the confirmation of auction transaction, the buyer is Tan Wei.
mysterious buyer “Tan Wei” is associated with GCL’s deposit equity
Previously, the reporter of Kechuang ban daily exclusively learned from informed sources that GCL, including Gcl Energy Technology Co.Ltd(002015) has completed the acquisition of 99% of the creditor’s rights and 43% of the equity of snowway mining before the auction. Meanwhile, Gcl Energy Technology Co.Ltd(002015) confirmed to participate in the equity auction of snowway mining.
As soon as the above news comes out, in the view of many people in the industry, GCL may become the biggest winner in this focus battle. So, who is the final buyer of this auction “Tan Wei”? Is it related to GCL?
in this regard, the reporter of science and Innovation Board daily sent relevant interview letters to Gcl Energy Technology Co.Ltd(002015) side, but no response has been received as of press time. At the same time, the reporter tried to understand the situation from the above-mentioned insiders close to GCL department. The other party said, “it is not clear at present, and it is being implemented.”
The reporter of Tan Kewei daily learned that the name of the buyer was not the real name of the buyer, but the name of the buyer. On May 21, the reporter called Jingdong auction, and its customer service staff said, “after the auction is completed, the bidder will upload his name and ID number. The ID number will correspond to his name.”
“science and Innovation Board daily” reporter found through combing that tianyancha information shows that among the 648 bosses named “Tan Wei”, there is a “Tan Wei” related to GCL according to the classification of mining industry
Specifically, the “Tan Wei” served as the legal representative of Guizhou Sandu shiyouyuan Mining Co., Ltd., Guizhou huaizhuang feast Wine Co., Ltd. and Dushan wanfushan Mining Co., Ltd layers of equity penetration shows that behind Dushan wanfushan Mining Co., Ltd., with “Tan Wei” as the legal representative and vice chairman, it directly refers to Leshan GCL New Energy Technology Co., Ltd. (hereinafter referred to as Leshan GCL new energy)
data show that Leshan GCL new energy is a subsidiary of GCL (Group) Holding Co., Ltd the latter owns GCL Technology (03800. HK), GCL new energy (00451. HK), Gcl System Integration Technology Co.Ltd(002506) ( Gcl System Integration Technology Co.Ltd(002506) . SZ), Gcl Energy Technology Co.Ltd(002015) ( Gcl Energy Technology Co.Ltd(002015) . SZ) and other listed companies.
Leshan GCL new energy was founded in June 2019 with a registered capital of more than 3 billion yuan. Leshan Zhongping polysilicon photoelectric information industry fund partnership (limited partnership) holds 60.41% and is the major shareholder. Equity penetration shows that this equity eventually points to GCL photovoltaic power, with a shareholding ratio of 64.10%.
In addition, Leshan hi tech Investment Co., Ltd. and Chengdu chuanshang No. 101 enterprise management consulting center (limited partnership) also appear in the list of shareholders. Tianyan check shows that “chuanshang No. 101” is not related to the chuanshang fund held by Liu Yonghao.
however, it should be noted that it is still impossible to confirm whether the “Tan Wei” is the same person as the buyer “Tan Wei”
snowway exploration right remains unknown
Aside from “Tan Wei”, the exploration right of snowway mining is still an unsolved mystery.
On May 21, an insider of the Department of natural resources told the reporter of the science and Innovation Board daily, “no matter whether the exploration right is invalid or not, this is the problem of the original exploration right, which has nothing to do with the new holder of the equity of snowway mining, let alone the application for new mining right.”
“The price of 1.279 billion yuan for ‘increasing exploration minerals’ is the result of the evaluation and publicity of the Department of natural resources of Sichuan Province. Whether the mineral right is retained or cancelled, it can not bypass the threshold of 1.279 billion yuan.” The insider believes that if the exploration right continues to be retained, there are problems left over by history when snowway mining obtains the exploration right, which needs the intervention of the court for judgment. In case of cancellation, it can be divided into two types: the mine owner’s active application for cancellation and policy cancellation. No matter which one, it needs to act in accordance with the policies of Sichuan Provincial Department of natural resources. Even if the new mine owner is recruited again, the time can not be controlled.
However, if the Sichuan Department of natural resources re recruits mineral rights holders, the problem will follow: why should the “buyer” spend a lot of effort to throw 2 billion yuan to eat the equity of snowway mining, which is responsible for 1 billion yuan and has defective exploration rights?
The reporter noted that on May 7, 2018, the mining right owner, snowway mining, had obtained the reply on delimiting the mining area scope (CMZ [2018] No. 0004) issued by the Department of land and resources of Sichuan Province. The mining area was delineated by six inflection points, the mining depth was from 4450 meters to 4154 meters, the mining area was 1.14 square kilometers, the resource reserves were 24.924 million tons, and the planned production capacity was 1 million tons / year, The reserve period of the approved mining area shall be maintained until the mining registration application is approved and the mining license is obtained. The term of validity is from June 30, 2019 to June 30, 2021.
Although the exploration right has expired, the insiders of the above-mentioned Department of natural resources told the reporter of science and Innovation Board daily that the reply to delimiting the scope of mining area is a permanent and effective policy, and the score of mining right is divided into two parts: one is the exploration license, and the other is the contract signed with the provincial department. “The contract signed between snowway mining and Sichuan Provincial Department of land and resources is the key to the whole exploration right.”
In the view of the insider, the contract will specify in detail what obligations and rights and interests the mining right holder should perform, and agree on the sharing of income when the exploration right is converted into mining right, including the number of periods to pay the income of mining right, as well as detailed rules such as agreement transfer.
From the current situation, the insiders of the Department of natural resources interviewed by the reporter believe that the contract signed between snowway mining exploration right and Sichuan Provincial Department of land and resources may not expire. Therefore, even if the exploration right expires, the contract is still within the scope of validity.
“However, there is also a dilemma: within the validity period of the cooperation, the mining right is extended three times. In principle, the mining right is retained no more than three times in the absence of substantive exploration progress.” Insiders continued to tell reporters that this policy was promulgated by the Ministry of natural resources in 2017, but it is implemented differently in each province and city. The specific situation depends on the specific situation. In particular, snowway mining has involved lithium, a rare metal resource.
