On the track focusing on the layout of new energy power batteries, Infund Holding Co.Ltd(002141) (002141) has taken another step forward. On the evening of January 21, the company announced that Huizhou new energy, the company’s holding Sun company, planned to transfer the relevant land use right located in Yuanzhou Town, BOLUO County for debt repayment of 120 million yuan. Meanwhile, the company plans to carry out bankruptcy liquidation of its holding subsidiary Shenzhen new energy. In the future, the company will focus on the core material field of power battery.
“Actively solving historical problems is a strategic adjustment for light loading.” The company said that Xianfeng Shenzhen new energy, which was liquidated this time, is mainly engaged in lithium ion enrichment material business, and its business performance and operation have been poor since its establishment in 2017. The company decided to liquidate and cancel it to avoid further expansion of losses, and the sale of land use rights related to Huizhou new energy is also to actively promote the settlement of debt disputes and strive to safeguard the interests of relevant creditors. Several days ago, Infund Holding Co.Ltd(002141) as a plaintiff, the application for dissolution and liquidation to the court was rejected, and the bankruptcy liquidation was finally accepted. I believe that under the guidance of the court, this process can be promoted more fairly and efficiently.
Combing the announcements in recent years, the company has been seeking to optimize the main business layout, plans to peel off enameled wires, enriched materials and other related business assets, and enter the field of core materials of veterinary drugs and new energy power batteries through mergers and acquisitions and the establishment of subsidiaries, so as to enhance the profitability of the company.
In terms of the layout of core materials for new energy power batteries, in November 2021, the company jointly invested with beiteri and Shenzhen Fengying intelligent investment to establish Xianfeng new materials (Shenzhen) Co., Ltd., which plans to build a production line of high nickel ternary cathode precursor with an annual output of 50000 tons.
At present, Xianfeng new material has signed a cooperation agreement with the Management Committee of Yichang high tech Zone. It plans to invest in the construction of high nickel ternary precursor and supporting engineering project in Yichang Baiyang Industrial Park, with a total investment of about 1.5 billion yuan. After completion, the annual output value is expected to reach 5 billion yuan.
