On August 1, Beijing Ganjing Garden Co., Ltd. (Hereinafter referred to as "Ganjing Garden" and "Company") announced that it would terminate the issuance of a shares to specific targets in 2022 and withdraw its application.
The announcement shows that the sudden termination of Ganjing Garden is a final decision made in view of the changes in the capital market and related policies, combined with the actual situation of the company.
Fixed increase, transfer and acquisition of the first cross-border photovoltaic
garden In November 2022, Ganjing Garden officially launched cross-border photovoltaic.
Previously, the main business of Ganjing Garden was landscape engineering construction and landscape design, which was listed on the main board of Shanghai Stock Exchange in 2015, and was the first ecological garden company listed on the main board. On November 10,
2022, Ganjing Garden issued a plan to issue a shares to specific targets in 2022. Ganjing Garden intends to raise no more than 469 million yuan (including this number), which will be used for "1GW High Efficiency Heterojunction Battery Production Project " and " 2GW High Efficiency Heterojunction Solar Module Production Project " after deducting the issuance fee.
At the same time, the company's actual controlling shareholders, Hui Quanfu and Yang Jing, intend to transfer 8% of the company's shares to Guosheng Energy at a price of 4.12 yuan per share, with a total transfer price of 212 million yuan . Among them, Huiquanfu transferred 3.69% and Yang Jing transferred 4.31%. It is understood that the transfer of shares has been completed on December 16, 2022.
In addition, on 9 November 2022, Ganjing Landscape Architecture and Guosheng Energy entered into the Conditional Share Subscription Agreement for the Non-public Issuance of a Shares by Beijing Ganjing Landscape Architecture Co., Ltd. (The "Share Subscription Agreement") to issue 193 million shares to Guosheng Energy in a non-public way.
After the transfer of the above agreement and the issuance of shares to specific targets, Guosheng Energy will become the controlling shareholder of listed companies.
At the same time, Ganjing Garden also announced on the same day that it would acquire 51% equity of four companies such as Jiangsu Guosheng Shi'an New Energy Co., Ltd. (Hereinafter referred to as "Jiangsu Guosheng Shi'an") and 100% equity of three companies such as Anhui Guosheng Shi'an New Energy Co., Ltd. for 154 million yuan.
As a result, through fixed increase, transfer and acquisition, Ganjing Garden started the cross-border photovoltaic field. Can
sudden termination of the fixed increase of cross-border photovoltaic continue?
In the announcement on August 1, Ganjing Garden said that the sudden termination of the fixed increase would not have a significant adverse impact on the daily production and operation of Ganjing Garden. However, it will lead to the failure of Guosheng Energy to gain control of listed companies. In this regard, Guosheng Energy has said that it will obtain and consolidate its position as the actual controller of listed companies by increasing its holdings in the secondary market and accepting agreements on the premise of complying with laws, regulations and normative documents.
However, at present, there is no follow-up specific arrangement for Guosheng Energy to acquire control rights of listed companies, and there is still uncertainty about when it can acquire control rights and whether it has sufficient funds to acquire control rights.
In fact, before joining hands with Guosheng Energy and transforming photovoltaic, Ganjing Garden had tried many times to cross the border , testing many industries such as cultural tourism, environmental protection, cemetery and so on. But all ended in failure.
At the same time, the performance of dry landscape gardens has been losing money year after year. The net profit attributable to shareholders of listed companies in 2020, 2021 and 2022 is-80.45 million yuan,-210.7 million yuan and-162.18 million yuan. Perhaps it can be said that for the cross-border photovoltaic industry , dry landscape gardens are highly expected. Guosheng Energy is also ambitious for the layout of photovoltaic, which is the target of the increase of
dry landscape gardens.
On July 13, the People's Government of Urat Qianqi signed a cooperation agreement with Guosheng Energy Co., Ltd. and Northern United Power Co., Ltd. on the new energy project of Urat Qianqi. The total planned investment is 21.8 billion yuan. The main construction contents include: N-type crystal pulling, ultra-thin silicon wafer, high-efficiency heterojunction battery, large-size heterojunction photovoltaic module, shared energy storage, photovoltaic robot, frame, EPE film, distributed development and construction of photovoltaic + rural revitalization in the whole county, EOD pilot project of ecological governance, etc.
In addition, public information shows that Guosheng Energy also has photovoltaic industrial park + wind and solar storage new energy projects in Anhui. With the help of Guosheng Energy
, Ganjing Garden will transform into the field of new energy heterojunction batteries.
However, the sudden termination of the fixed increase has made the transformation of dry landscape gardens into photovoltaic roads more variable.