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Zhongfu Industrial plans to acquire Sichuan Yuheng for more than 800 million to recover the assets of "green hydropower aluminum"
- China Aluminium Network
- Post Time: 2022/11/2
- Click Amount: 971
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【Aluminum Road Network】
After the acquisition is completed, Zhongfu Industry and its holding subsidiaries will hold a total of 100% of the equity of Guangyuan Zhongfu High Precision Aluminum Co., Ltd. (hereinafter referred to as Guangyuan High Precision Aluminum).
This acquisition is the implementation of Zhongfu Industrial's reorganization plan of "injecting high-quality assets such as the equity of Guangyuan High Precision Aluminium into the listed company through cash acquisition", and returning Guangyuan's "green hydropower aluminum" assets to the listed company. step.
According to the data, Guangyuan High Precision Aluminum was established in March 2019. It was the transfer of 250,000 tons of electrolytic aluminum production capacity of Henan Zhongfu Aluminum Co., Ltd. (hereinafter referred to as Zhongfu Aluminum), a subsidiary of Zhongfu Industrial Holdings, to Guangyuan City, Sichuan Province. The established project company has a registered capital of 500 million yuan, and the company held 100% of its equity at that time.
In September 2019, Zhongfu Aluminum increased its capital to Guangyuan High Precision Aluminum with its 250,000 tons of electrolytic aluminum production capacity replacement index value. After the capital increase was completed, Zhongfu Industry held 26.55% of the equity of Guangyuan High Precision Aluminum, and Zhongfu Aluminum held 73.45% of the equity of Guangyuan High Precision Aluminum.
Before the bankruptcy and reorganization of Zhongfu Industrial, the company encountered serious financial difficulties. In order to raise funds for the Guangyuan high-precision aluminum project, ensure the construction of the production capacity transfer project, and at the same time reduce the company's asset-liability ratio and ease the debt pressure, in December 2019, Zhongfu The industry transferred 200 million yuan of subscribed capital contribution rights to Sichuan Yuheng for 0 yuan, and Zhongfu Aluminum transferred its 40.89% equity in Guangyuan High Precision Aluminum to Sichuan Yuheng for 770 million yuan. The capital contribution and equity transfer Source:
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