On January 26, Beijing Hualian Hypermarket Co.Ltd(600361) announced and disclosed the report on sale of Beijing Hualian Hypermarket Co.Ltd(600361) major assets and issuance of shares to purchase assets and raise matching funds and related party transactions (Draft) (hereinafter referred to as the “draft”). The draft has refined and improved the transaction price, performance commitment and raised investment projects. The placement of Beijing Hualian Hypermarket Co.Ltd(600361) high-end aluminum assets will usher in substantive progress.
According to the draft, Beijing Hualian Hypermarket Co.Ltd(600361) plans to sell all assets and liabilities to the controlling shareholder Beijing Hualian Group or its designated third party for 2.29 billion yuan, and plans to issue shares at the price of 3.44 yuan / share to acquire 100% equity of innovative metal, with a transaction price of 11.482 billion yuan. After the completion of the transaction, the controlling shareholder of the listed company will be changed to innovation group, and the actual controller will be changed to Cui Lixin.
In addition, the company plans to raise matching funds of no more than 1.5 billion yuan by non-public offering of shares through inquiry, which will be used for the project of innovative metal with an annual output of 800000 tons of high-strength and high toughness aluminum alloy materials (phase II) and the project of Yunnan innovative with an annual output of 1.2 million tons of light high-strength aluminum alloy materials (phase II).
Beijing Hualian Hypermarket Co.Ltd(600361) its main business is supermarket retail, and its stores are distributed in North China, East China, South China, southwest, northwest, northeast and other regions. In recent years, due to the fierce competition in the retail industry, e-commerce, community group purchase and other businesses have developed rapidly, which has brought challenges to supermarket retail. The announcement shows that through this transaction, the listed company will inject high-quality assets with strong profitability and industry-leading, fundamentally improve the operating conditions of the listed company, enhance the sustainable profitability and development potential of the listed company, and improve the asset quality and profitability of the company, so as to maximize the interests of the shareholders of the listed company.
According to public data, innovative metal was founded in 2007. At present, it has developed into a leading enterprise in the field of aluminum alloy R & D and manufacturing, including top 500 Chinese enterprises, top 500 Chinese manufacturing enterprises and top 500 Chinese private enterprises. According to people familiar with innovative metals, the company has obvious first mover advantages in the field of 3C and lightweight, and has developed into the backbone of aluminum supply in Apple’s industrial chain and the core supplier designated by apple.
It is understood that through this transaction, innovative metals is expected to further broaden financing channels, help steadily promote high-end and intensive strategies, and strengthen and consolidate the company’s comprehensive strength. In the future, as innovative metals increase R & D investment, grasp the incremental opportunities of downstream markets such as lightweight, new energy and 3C, and layout the high value-added aluminum market.
