On September 5, Jiawei Xinneng announced that. Jiawei (Shanghai) Photovoltaic Power Co., Ltd. (Hereinafter referred to as "Shanghai Jiawei"), a wholly-owned subsidiary of the company, intends to acquire 49% equity of Huocheng Tukai New Energy Technology Development Co., Ltd. (Hereinafter referred to as "Tukai New Energy") at a price of 60 million yuan.
It is reported that Tukai New Energy was originally a holding company of Jiangsu Zhenfa New Energy Technology Development Co., Ltd. (Hereinafter referred to as "Zhenfa Technology"), while Zhenfa Energy Group Co., Ltd. (Hereinafter referred to as "Zhenfa Group"), the parent company of Zhenfa Technology, holds 118 million shares of Jiawei New Energy (accounting for 14.30% of the total equity) and has been frozen.
For this transaction, the Digital New Energy DataBM. Com found that although Zhenfa Group is the major shareholder of the company, Jiawei Xinneng is indeed the "creditor" of Zhenfa Group. In the first half of this year, Jiawei Xinneng's accounts receivable to Zhenfa Group and its related parties was 73.094 million yuan. In order to recover the receivables of Zhenfa Department and optimize the asset structure, Jiawei Xinneng just carried out this transaction.
The announcement disclosed that while signing the equity transfer agreement, Shanghai Jiawei also signed the Four-Party Agreement with Zhenfa Technology and related parties, which stipulated that after Shanghai Jiawei paid 36 million yuan directly to the supplier of Zhenfa Technology, it was deemed that the payment obligation of 36 million yuan equity transfer had been fulfilled; Shanghai Jiawei and Zhenfa Technology signed the Creditor's Rights and Debts Offset Agreement, and the remaining 24 million yuan of the equity transfer will be used to offset the accounts receivable of the company and its subsidiaries to Zhenfa Technology and its related parties, and Shanghai Jiawei does not need to pay cash separately.
Huocheng Tukai New Energy Technology Development Co., Ltd. was established on April 23, 2012, with a registered capital of 49.38 million yuan. Hunan Xinhua Water Conservancy and Electric Power Co., Ltd. holds 51% of its equity, and Zhenfa Technology holds 49% of its equity. After the completion of the transaction, Hunan Xinhua Water Conservancy and Electric Power Co., Ltd. will hold 51% of its equity, and Shanghai Jiawei, a wholly-owned subsidiary of Jiawei Xinneng, will hold 49% of Tukai New Energy.