Last night, the Changyuan Group announced that the Gree Group intends to acquire part of the company’s shares through a tender offer. The announcement stated that the tender offer was not intended to terminate the listing status of the listed company. At present, the Changyuan Group entered the suspension period.
According to Wind data, the main business of the Changyuan Group includes grid equipment, smart factories, and materials related to electric vehicles and other functional materials. From the perspective of operating results, Changyuan Group's performance can be called eye-catching, 2015, 2016 The growth rate of net profit for the year and 2017 reached 32.01%, 32.53% and 77.55% respectively. In the first quarter of this year, the Changyuan Group realized a net profit of 80,733,800 yuan, a year-on-year increase of 83.33%.
China Securities, Haitong Securities, China Merchants Securities and other securities institutions all expressed optimism for the Changyuan Group. For example, Huachuang Securities stated that the Changyuan Group’s quarterly report received rapid growth from the smart factory sector, and electric vehicles and electric equipment are also robust. Growth. The announcement also mentioned that the Gree Group’s offer for bid is 'because of the company's prospects for future development'.
Gree Group is a major shareholder of Gree Electric, a listed company. Gree Electric did not make cash dividends in 2017. It also stated that retained funds will be used for production base construction, smart factory upgrades, and technologies for new industries such as smart equipment, smart appliances, and integrated circuits. R & D and marketing.
According to a report from the Securities Times, for Gree Group’s offer to acquire Changyuan Group, Gree Chief Executive Officer stated that 'it is a group-level action and has nothing to do with the listed company.' An industry analyst also said to the Information Times reporter that it should be Gree Electric has nothing to do. According to Wind data, the top ten shareholders disclosed in the quarterly report of the Changyuan Group include the investment company of Shenzhen Tibet Gold One, Shenzhen Wall Materials, Wu Qiquan, vice chairman, and natural persons Qiu Limin and Zhou Heping, among whom The three major shareholders held 7.84%, 7.79% and 5.25% respectively. The Changyuan Group has just properly resolved the long-standing equity dispute with Wall's nuclear material. Prior to this, the equity issue has been constraining Changyuan's capital, business, and valuation. The important factor of value.