On October 24, the announcement of Blonde Technology released that on October 23, the company signed an equity transfer contract with each of Ningbo Yinshang and Wanhua Investment shareholders. According to the equity transfer contract, Blonde Technology intends to use RMB 100.4038 million and RMB respectively. 7,567.66 million yuan to acquire 100% equity of Ningbo Yinshang and Wanhua Investment.
According to Blonde Technology, after the completion of the transaction, Ningbo Yinshang and Wanhua Investment will become 100% shareholding companies controlled by Blonde Technology, which will be included in the consolidated financial statements of the company. The company will indirectly hold through the combination of Ningbo Yinshang and Wanhua Investment. Ningbo Haiyue 49% equity.
At the same time, the company announced that it intends to provide a total of 49% of the RMB borrowings and US dollar borrowings from Ningbo Haiyue to the Bank of China Development Bank and other banks after the completion of the acquisition of Wanhua Investment and 100% equity of Ningbo Yinshang. Joint liability guarantee and equity pledge guarantee.
Ningbo Haiyue It is a strategic emerging enterprise in the field of new petrochemical materials, with an annual output of 600,000 tons of propane dehydrogenation unit, 600,000 tons of isooctane unit and 40,000 tons of methyl ethyl ketone unit, as well as supporting docks, storage tanks, steam and environmental protection devices. With the acquisition, the company can use the industrial advantages and market influence of Ningbo Haiyue to make industrial layouts for upstream raw materials such as propylene, increase industrial synergy, enhance the technological innovation capability of the entire industrial chain, and realize the integration of upstream and downstream industries, in line with the company's , expand two ends, technology leadership, leapfrog development 'strategy.
Due to the increase in volume and price of modified plastic products, the performance of Blonde Technology has increased significantly year-on-year. On October 22, Blonde Technology released the third quarterly report of 2018. The announcement shows that the operating income in the first three quarters was 18.549 billion yuan, an increase of 11.84% over the same period last year. The net profit attributable to shareholders of listed companies was 654 million yuan, an increase of 42.92% over the same period of last year; basic earnings per share was 0.2408 yuan, an increase of 42.91% over the same period last year.
Earlier, Blonde Technology also issued a notice saying that it would buy back shares in large quantities. The total amount of funds to be repurchased is no more than 2 billion yuan, the minimum is not less than 1 billion yuan, and the price of repurchased shares is not more than 6 yuan per share.