On September 23, Lanfeng Biochemical announced that. The company intends to purchase 51% equity of Anhui Xuhe New Energy Technology Co., Ltd. (hereinafter referred to as "Xuhe Technology") jointly held by controlling shareholder Zheng Xu and his concerted actors, Anhui Xunshun Investment Partnership and Anhui Xunxian New Energy Investment Partnership, at a transfer price of 67.52349 million yuan.
According to the announcement, Lanfeng Biochemical will become the parent company of Xuhe Science and Technology after the acquisition of 51% equity transfer. Lanfeng Biochemical said that this transaction will help the company to further optimize its business structure, quickly enter the photovoltaic industry with broad market space, enhance the company's competitiveness, improve the company's long-term profitability, and help the company's long-term sustainable development. According to
the data, Jiangsu Lanfeng Biochemical Co., Ltd. was founded in 1990 and listed on the main board of Shenzhen Stock Exchange in 2010. It is an enterprise focusing on agrochemical products.
Digital New Energy DataBM. Com understands that Lanfeng Biochemical has been in a loss state since 2021. The cross-border entry of Lanfeng Science and Technology into photovoltaic industry should also be aimed at catching up with "photovoltaic heat" and reversing the loss situation of enterprises. The other party involved in
the acquisition, Xuhe Technology, founded in July 2022, is an integrated supplier focusing on the R & D, manufacturing, sales and service of ultra-efficient N-type crystalline silicon photovoltaic products. At present, it has 2G W monocrystalline PERC battery production capacity, is building 10GW new generation N & nbsp; TOPCon battery and module production capacity, and actively lays out new energy power plant development business.
Xuhe Science and Technology has only been established for more than one year. In August this year, the first equipment of its 10GW ultra-efficient N-type TOPCon battery and component project entered the site smoothly, marking that the first phase of its project was formally transferred to the stage of equipment commissioning, which also means that it is further away from mass production.
Although the company seems to have a lot of project capacity layout, it has not actually seen much production. Why did Lanfeng Biochemical choose Xuhe Technology?
Digital New Energy DataBM. Com noted that Lanfeng Biochemical and Xuhe Technologies have a high degree of correlation. Not only are the actual controllers of the two companies Zheng Xu, but also the senior leaders of the two companies are duplicated. The main personnel
of Lanfeng Biochemical announced
that the main personnel of Xuhe Science and Technology announced
such a close enterprise relationship, which is a shortcut for Lanfeng Biochemical to enter the photovoltaic track. But for Xuhe Technologies, the acquisition may lay a foreshadowing for the subsequent "backdoor".
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