On June 26, Tianshan announced that the company held a board meeting to consider and approve the subsidiary Henan Tianshan to give up the preemptive right to 49% of Biyang Zhonglian New Materials Co., Ltd. Henan Zhonghong Industrial Co., Ltd., another shareholder of Biyang Zhonglian, intends to transfer the shares to the outside world for 705.6 million yuan. After the completion of the transaction, the proportion of Biyang Zhonglian shares held by Tianshan shares through Henan Tianshan will remain 51%, and the scope of consolidated statements will remain unchanged.
The announcement shows that Biyang Zhonglian is mainly engaged in aggregate processing, mining and other businesses, with net profit of 191 million yuan and net assets of 702 million yuan in 2024. Tianshan shares said that the waiver of preemptive rights was made under the same conditions, taking into account the company's overall planning, financial situation and the future business development of Biyang Zhonglian, which meets the company's long-term development needs. Giving up the preemptive right is based on the comprehensive consideration of the company's business planning and capital situation, and will not have a significant impact on the financial and operational situation.
Henan Zhonghong is a natural person holding enterprise and has no relationship with Tianshan Stock. This decision does not need to be submitted to the shareholders'meeting for approval, nor does it constitute a major asset reorganization. It is uncertain whether minority shareholders will continue to seek to sell their shares in the future, in what way and under what conditions. If disclosure is involved, the company will fulfill its decision-making and disclosure obligations in accordance with the law and regulations.
浙公网安备33010802003254号