On August 11, Zhuhai Letong Chemical Co., Ltd. (Hereinafter referred to as "Letong Shares") announced that the company had decided to terminate the planning of major asset restructuring and would continue to promote foreign investment in accordance with relevant regulations.
Letong said that after consultation with various parties, the company decided to adjust the equity of Zhejiang Anji Photovoltaic Project Company, which was originally planned to be funded by the company to hold no less than 40% of the equity of the project company. According to the project company 2.
In addition, the gap will be filled by Shenzhen Dasheng Asset Management Co., Ltd. (Hereinafter referred to as "Dasheng Asset"), one of the participants of the project and the shareholder of the company. At the same time, the subsidiary company of the project has also changed from being controlled and consolidated by the company to being controlled and consolidated by Dasheng Assets. In the middle of
last month, Letong announced its intention to co-invest with other partners such as Dasheng Assets to establish a holding subsidiary (hereinafter referred to as the "project company") in Anji Jingkai District, Zhejiang Province, to build an intelligent manufacturing project for high-efficiency heterojunction batteries and components. The registered capital of the
project company is 2. The total investment of the project of intelligent manufacturing of high-efficiency heterojunction batteries and components is about 4.7 billion yuan . Planning and construction of 4.8G W high-efficiency heterojunction battery + 4. Click " for details. The total market value of the company is only 34.
If only the lack of funds, there are still financing, lending and other ways to solve, but from the public information, the problem of Letong shares is more than lack of funds.
Firstly, the company has a high amount of operating debt, a heavy burden of financial costs, and a large proportion of short-term debt default risk . By the end of 2020, the end of 2021, the end of 2022 and March 31, 2023, the company's asset-liability ratio (consolidated caliber) was 77.33%, 83.82%, 88.39% and 88, respectively.
Dasheng Assets, the major shareholder of the Company, holds 51,999,959 shares of the Company, accounting for 26.00% of the total share capital of the Company, but Dasheng Assets has already pledged 51,990,000 shares of the Company, accounting for 99.9% of the shares of the Company held by it.
In March this year, Letong Co., Ltd. proposed to issue no more than 10,401,188 shares to Shenzhen Youyue Meisheng Enterprise Management Co., Ltd. (Hereinafter referred to as "Youyue Meisheng"), raising no more than 1.
Letong shares will bet on the photovoltaic heterojunction track at all costs, and also take a fancy to the current ." Therefore, in the announcement of the termination of the planning of major asset reorganization, Letong shares also left room for itself. In the future, the company has the right to transfer all the shares of the project company held by Dasheng Assets except 5% at the price of parity plus reasonable interest within three months after the completion and acceptance of the first phase of the investment project, putting into operation and generating stable sales revenue. In order to obtain the control right of the project company and bring the project company into the scope of consolidated statements.
浙公网安备33010802003254号