On May 20, Lingda Group Co.Ltd(300125) replied to the attention letter, saying that Hangzhou Birmingham has long been optimistic about the broad market prospects brought by the technological progress and industrial upgrading of the photovoltaic industry. This acquisition is intended to effectively integrate resources based on the company’s platform, improve the company’s asset quality and profitability, and focus on the company’s main business for a long time.
On May 15, Lingda Group Co.Ltd(300125) controlling shareholder Wang Zhengyu and Wang miaoqi, partners of Hangzhou guanghengyu, signed the letter of intent for the acquisition of partnership shares with Hangzhou Birmingham. Hangzhou Birmingham and / or its designated subject / person intend to transfer 100% of the partnership shares of Hangzhou guanghengyu held by Wang Zhengyu and Wang miaoqi, realizing the purpose of indirectly controlling Lingda Group Co.Ltd(300125) 22.02% of the shares held by Hangzhou guanghengyu.
Lingda Group Co.Ltd(300125) introduces that Hangzhou Birmingham is a professional equity investment institution. The transfer price involved in this transaction comes from self raised funds, which are planned to be realized by introducing strategic partners. After the acquisition, the company will continue to strengthen the main business of Cecep Solar Energy Co.Ltd(000591) battery, expand and upgrade the existing production capacity on the one hand, and actively seek high-quality resource integration on the other hand.
According to the annual report of 2021, Lingda Group Co.Ltd(300125) more than 90% of the main business income comes from the high-efficiency crystalline silicon Cecep Solar Energy Co.Ltd(000591) battery business engaged by the wholly-owned subsidiary Jiayue new energy. At present, Jiayue new energy phase I has completed and put into operation 3gw high-efficiency perc crystalline silicon battery project. If the production capacity of 5GW high-efficiency crystalline silicon battery in phase II is successfully implemented, the production capacity barrier will be broken and the market competitiveness and share will be further improved.
According to the preliminary plan of Hangzhou Birmingham for Lingda Group Co.Ltd(300125) , firstly, on the basis of the original core backbone team of the company, supplement excellent management talents, optimize the organizational structure of the company, improve management efficiency, improve the incentive system and stimulate the enthusiasm and vitality of employees; Secondly, optimize idle production capacity, eliminate old production capacity, actively expand new products, and strive to improve the market share of the company’s products, so as to improve profitability; Finally, choose the opportunity to promote upstream and downstream business integration and add new momentum to the development of the company.
