Wuzhou Mingzhu merged Meihua Group with an additional 900 million shares to obtain the approval of the China Securities Regulatory Commission on December 24. Meihua Group's investors Dinghui, Xintianyu Capital and GGV have all gained a lot. According to the restructuring plan, Wuzhou Mingzhu sold all assets and liabilities except the 14.32% equity of Tibet Mansion Co., Ltd. and 350 acres of collective land use right east of Kaimo Shang Village, Huangtong Township, Lingao County, Hainan Province, at a price of RMB 24,189,660 Wuzhou Group. On the basis of the value of 5.787 billion yuan for all shareholders, Wuzhou Mingzhu will issue additional 900 million shares at a price of 6.43 yuan per share to absorb and merge Meihua Group. The China Securities Regulatory Commission requires Wuzhou Mingzhu to complete the industrial and commercial change registration procedures within 3 months. According to statistics, in March 2008, Dinghui, Xintianyu and GGV jointly invested US $ 195 million in plum blossom MSG, accounting for 29.5% of the shares. The registered capital of Meihua Group increased from 1 billion yuan to 2.534 billion yuan. Among them, CDH Biotech contributed 780 million yuan, accounting for 15% of the registered capital after the capital increase; Xintianyu Biochemical invested 754 million yuan, accounting for 14.50% of the registered capital after the capital increase. Plum blossom monosodium glutamate is used to promote capacity integration and prepare for domestic A-share listing. In November 2008, Meihua Group was changed into a joint-stock company as a whole. Among the total share capital of 2.6 billion yuan, the shareholding ratio of CDH and Xintianyu Biochemical remained unchanged. After Wuzhou Mingzhu issued new shares to absorb the Meihua Group, CDH will hold 135 million shares in Wuzhou Pearl and Xintianyu Biochemical will hold 130.5 million shares. Based on the closing price of Wuzhou Mingzhu on December 24, the market value of the shares held by CDH Biotech reached 4.45 billion yuan, and the market value of the shares held by Xintianyu Biochemical was 4.301 billion yuan. , Dinghui Biological and Xintianyu will receive nearly 5 times of benefits after reducing their holdings. In addition, the current majority shareholder of Meihua Group, Shandong Wuzhou Investment Group Co., Ltd., which is under the helm of a power industry expert, withdrew by retaining its equity and made a profit of 600 million yuan. Wuzhou Pearl said that through this transaction, the company's profitability and sustainability will be significantly enhanced. For example, in the first half of 2010, the company's earnings per share will increase from 0.06 yuan before the transaction to 0.39 yuan, an increase of 550%, profitability It has been greatly improved; the net profit and return on net assets attributable to the parent company will also increase by 6132% and 240%, respectively. After the completion of this transaction, Wuzhou Mingzhu will withdraw from the field of power equipment such as power towers, transformers, and electricity meters, focusing on the deep processing of corn, using MSG as the cornerstone, and amino acid products as new growth points. The development of four key areas of medicine, chemical fertilizers and branded products, and the overall listing of Meihua Group will be realized. The above information source "Venture Investment" is authorized by the China Venture Capital Research Institute (CVCRI) to publish it. All rights reserved. Please indicate the source when reprinting. For more information, please click download to view all articles. Hair Scissors,6 Inch Hair Cutting Scissors,Cutting Hair Scissors Set,Design Barber Scissors Set Zhangjiagang Mister Tools Co., Ltd , https://www.mingshiscissors.com
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