Report of senior engineer lithium learned recently, clever treasure gold (03330) releases announcement to say, company board of directors not examine and verify issues Copper Foil of subsidiary clever Bao Huaxin through selling a division finite liability company (next weighing " Ling Baohua Xin " ) 60% equity, reason sells item undertakes continuously no longer.
On July 7, 2017, clever treasure gold plans to collect investment limited company to conclude equity makes over an agreement with buyer Beijing Zhong Xinze, agree with 637 million yuan of RMBs to sell Ling Baohua Xin rights and interests of 60% capital stock. After finishing, ling Baohua Xin will be our company affiliated company no longer, but still hold its 40% equity.
Clever treasure gold is company of Chinese integrated gold, basically pursue gold mine, smelt, fine and cupreous treatment business. Ling Baohua Xin registers capital to be 180 million yuan, basically be engaged in production and sale Copper Foil and flexibility Fu copperplate. 2008, clever treasure group buys Ling Baohua Xin to begin sortie Copper Foil to make professional work for subordinate and wholy-owned subsidiary.
Make over an agreement according to equity, buyer acceptance finishs equity to trade backward the loan that Ling Baohua Xin provides 700 million yuan of not less than RMBs in order to complement fund of its battalion transport, and the one part of this capital will be used at repaying the debt of balance due of place of Ling Baohua Xin. Announcement that day, ling Baohua Xin already issued affirmatory letter to clever treasure gold, affirmatory company will at balance due of the pay off inside a year the total debt RMB of Ling Baohuang gold 504 million yuan.
Although clever treasure gold did not disclose,stop to offer the particular account of Ling Baohua Xin, but the following big factors or worth while and thoughtful:
It is big setting of Copper Foil industry.
On one hand, copper Foil belongs to technical capital concentrated model industry, workshop construction, equipment is bought, raw material down with one's dust is waited a moment, circulating fund amount is large, devoted cycle is long; On the other hand, the growth space of downstream market demand is large. After dynamical cell market erupts, its ask to rise to the technology of lithium report Copper Foil, technical research and development and cast enlarge to produce all need many capital infuse.
Express according to the personage inside course of study, current, to promote energy density, battery business puts forward to lithium report Copper Foil: Frivolous change, the performance demand such as tall flexible, tall tension, Gao Yanshen, tall antirust, cell of power of 6 μ M, 8 μ M uses product of predominate of lithium report Copper Foil.
2016 the 3rd quarter, lithium report Copper Foil supplies insecurity as growth of dynamical cell demand, the price is climbed ceaselessly litre, pull science and technology of gold of share of the heart that move Nuo, clever treasure, unripe beneficial to wait for concept of one numerous Copper Foil share price, outstanding achievement also appears to grow compared to the same period. According to clever treasure gold annals showed 2016, its report period inside battalion closes for 6.055 billion yuan of RMBs, relatively on year grow about 5.2% compared to the same period, among them Copper Foil is average price rises about 2.2% be among them the one big reason that battalion restrains growth.
2 it is Ling Baohua Xin the industry position in lithium report Copper Foil.
Ling Baohua Xin is domestic minority can estimate the business that produces cell of power of 6 μ M to use lithium report Copper Foil, market of cell of power of benefit from benefit from erupts, outstanding achievement performance is outstanding in last few years (detailed sees) issueing a list. According to clever treasure gold annals disclosed data 2016, copper Foil of report of lithium of Ling Baohua Xin sold gross 2016 19493 tons, sale gross was 16716 tons 2015.
Produce according to the senior engineer grind lithium report institute (GGII) data shows, demand of dynamical cell Copper Foil achieved 24900 tons 2016. GGII is forecasted, to 2020 demand of lithium report Copper Foil will exceed 100 thousand tons, among them dynamical cell Copper Foil is occupied than 71.91 ％ .
Here it is thus clear that big setting falls, selling Ling Baohua Xin is not optimum choice.
