On the evening of September 3rd, Guolian Securities' asset restructuring proposal was approved; two projects under China Shenhua were approved with a total investment of over 26 billion yuan

Wallstreetcn
2024.09.03 12:47
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Guolian Securities announced that its major asset restructuring has been approved, with plans to issue additional shares to purchase shares of Minsheng Securities. Two new projects of China Shenhua have been approved by the National Development and Reform Commission, with a total investment exceeding 26 billion yuan. Several companies also plan to repurchase shares or increase holdings, demonstrating positive investment dynamics in the market

I. Restructuring, Equity Transfer

  1. Guolian Sec: The major asset restructuring proposal has been approved by the Jiangsu Provincial State-owned Assets Supervision and Administration Commission. The company plans to increase its stake in Minsheng Securities by 99.26% and raise matching funds.

  2. Weiling Shares: Shareholder Yang Yongzhu, holding more than 5% of the shares, intends to transfer 5.01% of the company's shares to Bairui Jingou Private Equity.

  3. Huadong Heavy Machinery: Shareholders Fenghu Zhuiguang and Hexie Zhicheng intend to transfer 5.01% of the company's shares to Hao Qingmingyu No. 6 Private Equity Fund.

II. Repurchase, Increase Holdings

  1. Zenray Technology: The actual controller and chairman of the company proposed to repurchase company shares worth 20-40 million RMB. The repurchased shares are intended to be used for implementing an employee stock ownership plan or equity incentives.

  2. Huatong Shares: The controlling shareholder plans to increase its holdings of company shares by no less than 50 million RMB and no more than 100 million RMB.

  3. Guangdong Mingzhu: Plans to repurchase company shares for 150 million to 236.5 million RMB.

  4. Liangxin Shares: Plans to repurchase company shares for 200 million to 400 million RMB.

  5. Yabao Pharmaceutical: Plans to repurchase company shares for 100 million to 150 million RMB for cancellation.

  6. Tianjin Port: The indirectly controlling shareholder plans to increase its holdings of company shares by approximately 50 million RMB.

III. Investment Cooperation, Operating Conditions

  1. China Shenhua: Subsidiaries Inner Mongolia Xinjietai Gemao Mine Area Xinjie Well No. 1 and Xinjie Well No. 2 projects have obtained approval from the National Development and Reform Commission. The total investment in the Xinjie Well No. 1 project is 13.348 billion RMB, and the total investment in the Xinjie Well No. 2 project is 13.163 billion RMB.

  2. Chongqing Port: Wholly-owned subsidiary plans to acquire 68% equity of Sushang Company for 181 million RMB.

  3. Shenzhen New Star: Plans to acquire 8,098.9 shares of Hongxin Semiconductor for 10 million RMB.

  4. Canaan Intelligence: Won a bid for a 98.3111 million RMB project from State Grid Corporation of China.

  5. Xili Technology: Won a bid for an 81.6043 million RMB project from State Grid Corporation of China.

  6. Changgao Electric New: Subsidiary won a bid of 233 million RMB from State Grid Corporation of China.

  7. Sharp Ais: Obtained the "Drug Registration Certificate" for Diquafosol Sodium Eye Drops.

  8. Colindale Electric: The controlling shareholder has changed to Hisense Wanneng, resulting in a state of no actual controller.

  9. 7-day 4-board Kaisheng Technology: Revenue generated from ultra-thin flexible glass accounts for less than 3% of total revenue to date.

  10. 7 consecutive boards Kesen Technology: The company's foldable screen hinge assembly business has a single customer.

  11. 2 consecutive boards Dinglong Technology: The PBO monomer business is still in the market cultivation period, with revenue accounting for less than 5% in the first half of the year.

  12. 2 consecutive boards Nandu Power: Solid-state battery production will not be in large-scale production in the short term.

  13. Yongqing Environmental Protection: Expected to win the bid for the desulfurization island equipment project of Shanxi Yanchang Petroleum Fuxian Power Plant, with a bid amount of 153 million RMB.

  14. Samsung Medical: Won the bid for the "State Grid Corporation of China 2024 64th batch procurement (second round of bidding for marketing project metering equipment procurement)" with a total of 7 packages, with a total bid amount of approximately 143 million RMB, accounting for 1.25% of the company's audited total operating income in 2023

  15. Xinda Zhou A: The production at Well No. 1 of Yaxing Branch, Inner Mongolia Yakeshi Wujiu Coal (Group) Co., Ltd., a subsidiary of Xinda Zhou, has been suspended due to a safety incident

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