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Changchun Yidong disclosed the major asset restructuring plan on the evening of the 12th. The company plans to acquire 100% equity of Dahua Machinery and Pengxiang Automobile through the issuance of shares and payment of cash. The transaction price totals 893 million yuan. At the same time, the funds raised will not exceed 576 million yuan. The company said that after the transaction is completed, the company's market competitiveness in the field of auto parts will be further enhanced.
The plan shows that the issue price of this transaction is 19.51 yuan / share, and the number of issued shares is estimated to be 40,749,900 shares after deducting the cash consideration. In terms of supporting fundraising, Changchun Yidong intends to raise matching funds through non-public issuance of shares of no more than ten specific investors including Zhongbing Investment through the inquiry, in which the matching funds of Zhongbing Investment Subscription are no less than the recruitment. 10% of the supporting financing issuance, and does not participate in the inquiry process of the issuance of the matching funds, and accepts the inquiry results to participate in the subscription.
In terms of fundraising, the company said it will mainly use it to pay cash consideration for this transaction, 3.2 million sets of capacity expansion projects for flywheel ring gear assembly, R&D and industrialization projects for medium and heavy new energy unmanned intelligent transfer systems, and new energy commercials. Automotive electric drive system research and development and industrialization projects, high-end drive axle intelligent technology transformation project for heavy commercial vehicles.
According to the plan, Dongguang Group, one of the parties to the reorganization, is the controlling shareholder of the listed company. The actual controllers of the listed companies and the listed companies are all Chinese weapons. One of the reorganized trading partners is a wholly-owned subsidiary of FAW Group. As of the signing date of this plan, FAW Group holds a 23.51% stake in the listed company. In this transaction, it is a related shareholder of the listed company. The transaction constitutes a connected transaction.
According to the company, before the transaction, the main business of the listed company was the R&D, production and sales of auto parts such as automobile clutches and hydraulic lifting mechanisms. After the completion of the transaction, the business scope of the listed company will increase the business of flying wheels, ring gears, steering knuckles, axles, mining vehicles and special vehicles on the basis of the existing business scope, and the business structure will be further enriched in auto parts. The market competitiveness of the field has been further enhanced.
October 11, 2024