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    Home > Inorganic Chemistry Topics > Inorganic Chemistry Project > China Tungsten High-tech will receive 3.1 billion tungsten and cemented carbide assets

    China Tungsten High-tech will receive 3.1 billion tungsten and cemented carbide assets

    • Last Update: 2022-02-25
    • Source: Internet
    • Author: User
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    After further revisions to the reorganization plan, in the morning of July 29, China Tungsten High-tech disclosed the "Report on Issuing Shares to Purchase Assets and Raising Supporting Funds and Related Transaction".
    Asset Management, Herun Lituo non-publicly issued shares, purchased 100% equity of Shizhuyuan Company, 100% equity of Xintianling Company, 50.
    02% equity of Yaogangxian Company, 71.
    22% equity of Nanjian Company, HP TEC The asset transaction price of the group's 100% equity and other assets is RMB 3,131,095,200
    .
    The company plans to issue 227,716,011 shares at a price of 13.
    75 yuan per share
    .
    At the same time, the company intends to raise supporting funds of RMB 2.
    069,342,100 from non-public offering of shares to no more than 10 specific investors, the number of shares to be issued shall not exceed 150,497,600 shares, and the reserve price of RMB 13.
    75 per share
    .
    The fund-raising will be invested in the Yaogang Xianyu New Polymetallic Deposit Technical Transformation Project, Xintianling Tungsten Mine 4500T/D Mining and Concentration Reconstruction and Expansion Project, Shizhuyuan Chaishan Molybdenum Bismuth Tungsten Polymetallic Mine Technical Transformation Project, and 850 tons Technical transformation projects for quality improvement and capacity expansion of high-quality alloy bars
    .
    Hunan Nonferrous Co.
    , Ltd.
    and Hunan Nonferrous Asset Management Commitment: If the reorganization is completed in 2016, assets will be placed (97.
    36% equity of Shizhuyuan Company, 100% equity of Xintianling Company and 50.
    02% equity of Yaogangxian Company) in 2016 The total net profit attributable to the owners of the parent company after deducting non-recurring gains and losses from 2019 to 2019 totals 357,066 million yuan; if the reorganization is completed in 2017, the total amount of assets placed from 2017 to 2019 will be deducted from non-recurring The net profit attributable to the owners of the parent company after gains and losses totaled 666,332,600 yuan
    .
    Herun Lituo promises that if the reorganization is completed in 2016, the total net profit attributable to the owners of the parent company after deducting non-recurring gains and losses from 2016 to 2019 will be 2.
    64% of the assets of Shizhuyuan Company.
    162,367,400 yuan; if the reorganization is completed in 2017, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses from 2017 to 2019 of the placed assets will total 349,112,300 yuan
    .
    It is worth noting that the forecasted performance for 2016 corresponding to 50.
    02% equity of Shizhuyuan Company, Xintianling Company and Yaogangxian Company is -30,906,600 yuan
    .
    According to the announcement, since the price of tungsten products has been sluggish since the second half of 2015, the performance of the underlying assets to be injected into the listed company this time has been poor
    .
    With the gradual manifestation of the effects of the national tungsten industry macro policy, the entry barrier for tungsten mining and selection has increased and the concentration of the tungsten industry has increased, the destocking of tungsten products by domestic and foreign enterprises has gradually completed, the global economy has continued to gradually recover, and the Chinese economy has continued to maintain a relatively high level.
    Speed ​​growth, as well as the continuous increase in demand for high-end cemented carbide from China's industrial upgrading and mechanization, will drive the growth of demand for tungsten products and will also drive the market price of tungsten products to resume the upward trend
    .
    So as to enhance the competitiveness of listed companies in the medium and long term
    .
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