On the evening of July 17, Yingfeng Environmental announced that the company intends to issue shares to purchase 100% equity of Changsha Zhonglian Heavy Industry Environmental Industry Co., Ltd., the transaction price is 15.25 billion yuan, and the price of the shares purchased is 7.64 yuan/share. The number is 1.996 billion shares.
It is understood that the Yingfeng environment and the actual control of the Zhonglian environment are Jianfeng. The actual controller of the US group, He Xiangjian, is a father-son relationship. In the 2018 Hurun Global Rich List, He Xiangjian, He Jianfeng and his son ranked with 185 billion yuan of wealth. The seventh in Greater China.
The announcement shows that Yingfeng Environment intends to purchase 100% equity of Changsha Zhonglian Heavy Industry Environmental Industry Co., Ltd. through the issuance of shares. The counterparty Ningbo Yingfeng, Zoomlion, Hongchuang Investment, Yuemin Investment Union, Green Linkjun And, Ningbo Yingtai, Ningbo Zhongfeng, Ningbo Liantai 8 shareholders promised that Zhonglian Environment will not be less than 997 million yuan in the parent company's net profit after deducting non-recurring gains and losses in 2018, 2020. 1,230 million yuan, 1.495 billion yuan, the accumulated net profit is not less than 3.722 billion yuan.
Liu Kaiming, the secretary of Yingfeng Environment, told the "Securities Daily" reporter: 'The shareholders of the size and size of the transaction all participated in the performance commitment, and the performance compensation coverage reached 100%, fully protecting the interests of listed companies and small and medium investors.'
Liu Kaiming said that if the actual net profit of Zhonglian Environment during the profit commitment period does not reach the promised net profit, then 8 shareholders including Ningbo Yingfeng will make shares in Yingfeng Environment according to the compensation order and its relative shareholding ratio. Compensation, that is, Yingfeng Environment will repurchase the number of shares to be compensated at the price of RMB 1 and cancel the part of the repurchased shares, fully guaranteeing the rights and interests of the listed company.
With the development of China's social economy and the rising per capita income of urban residents, urban residents' demands for environmental sanitation quality are constantly improving, and in the era of the country's vigorous construction of 'beautiful villages' and the integration of urban and rural sanitation, the demand for sanitation is constantly changing. The upgrade will also expand and extend more demand for the sanitation market. It is estimated that the size of the sanitation market has exceeded 100 billion yuan.
At present, the cost of urban and rural labor in China is increasing, the trend of population aging, the increase of road area and the improvement of the demand for sanitation of urban residents, and the promotion of the mechanization rate of sanitation industry.
It is understood that Changsha Zhonglian Heavy Industry Environmental Industry Co., Ltd. mainly provides customers with road cleaning and cleaning, garbage collection and transshipment, sewer municipal maintenance, snow and ice services and other overall solutions. In the field of sanitation equipment, Zhonglian Environment has a sweeping vehicle, cleaning Cars, garbage trucks, municipal vehicles, new energy vehicles and other product lines total about 400 models, is a stable leading enterprise in the domestic sanitation equipment industry.
According to statistics from China Automotive Technology and Research Center, from 2015 to 2017, Zhonglian Environment has a line of sanitation equipment products (in cleaning vehicles, compressed garbage trucks, road sweepers, dust suppression vehicles, general garbage trucks, municipal vehicles, snow removal vehicles). In other areas, the market share is 32%, 32%, 33%, far ahead of other competitors in the field.
In 2016, in the year of 2017, the company achieved sales revenue of 5.204 billion yuan, 6.427 billion yuan, and 1.872 billion yuan from January to April 2018. Net profit for the same period reached 689 million yuan, 759 million yuan, and 208 million yuan.
Liu Kaiming, the secretary of Yingfeng Environment, told the "Securities Daily" reporter: 'The acquisition of Zhonglian Environment has four purposes. One is to further improve the strategy of 'high-end equipment manufacturing + environmental protection integrated services'; the second is to build a sanitation Equipment, the integration of sanitation services, and the disposal of garbage in the terminal industry; the third is that the company has become a leading company in the field of sanitation; the fourth is to enhance the overall profitability of listed companies.