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    Fuda Alloy: Reorganization will be advanced in an orderly manner and will be transformed into a comprehensive aluminum industry group

  • China Aluminium Network
  • Post Time: 2022/9/15
  • Click Amount: 629
    【Aluminum Road Network】

    On the evening of September 13, Fuda Alloy issued an announcement to complete the response to the feedback from the China Securities Regulatory Commission on restructuring matters. According to the information disclosed in the announcement, the company's reorganization of Sanmenxia Aluminum Industry is progressing in an orderly manner. At the same time, the company updated the "Fuda Alloy Major Asset Replacement and Issuance of Shares to Purchase Assets and Raise Matching Funds and Related Transactions Report (Draft) (Revised)".

    The announcement shows that Fuda Alloy plans to replace all the company's assets and liabilities with the equivalent part of the equity of Sanmenxia Aluminum held by Jinjiang Group at a price of 1.03 billion yuan. At the same time, the company plans to issue shares to purchase the remaining shares held by other shareholders of Sanmenxia Aluminum Industry, and make up the difference between the assets exchanged with Jinjiang Group. In the above-mentioned transaction, the 100% equity of Sanmenxia Aluminum Co., Ltd. was valued at 15.56 billion yuan as a whole.

    According to the data disclosed by Z, Sanmenxia Aluminum achieved a net profit of 1.45 billion yuan from January to April 2022, and a net profit of 1.46 billion yuan after deducting non-returning to the parent. This figure has exceeded the 2022 annual performance commitment in the draft. ninety percent.

    The relevant person in charge of Fuda Alloy said that the company's restructuring is progressing in an orderly manner. This restructuring transaction will not only increase the operating scale of the listed company, but also the profitability of the listed company after the completion of the transaction will significantly increase, and the net profit attributable to the parent company and the basic earnings per share will increase significantly. According to the audit and calculation of relevant institutions, based on the financial indicators in 2021, after the completion of this transaction, the listed company's total assets, operating income, and net profit attributable to the parent will increase by 1203.34 Source:
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