"Science and Technology Innovation Board Daily" May 11 (Reporter Wu Xuguang) following the announcement of the proposed change in the control of listed companies, new materials "state-owned assets" has made new progress.
On the evening of May 10, Ruilian Xincai issued the latest announcement that the first three major shareholders of the company, Zhuoshi Partnership, Guofu Yongyu, Liu Xiaochun and the Capital Investment Group, reached an agreement on the transfer of part of the shares held by the Zhuoshi Partnership, Guofu Yongyu and Liu Xiaochun to the Investment Group and the entrustment package of the voting rights of the Zhuoshi Partnership.
Venture Capital Group transferred by agreement the 1056 held by Zhuoshi Partnership, Guofu Yongyu and Liu Xiaochun respectively.Spinscoreslot.49 million shares, 4.569 million shares and 686000 shares of the company, and 11.74% of the shares will be held upon completion of the transaction. After the completion of the transfer of the agreement and the delegation of voting rights, the proportion of voting rights owned by the investment group will reach 23.81%, the controlling shareholder of the company will be changed to the investment group, and the actual controller will be changed to the state-owned assets management bureau of Qingdao west coast new area.
Why should Zhuo Shi Partnership, Guofu Yongyu and Liu Xiaochun, as major shareholders, choose to transfer shares in listed companies?Spinscoreslot?
In this regard, Ruilian new materials board secret office sources said that the above-mentioned shareholders are only part of the transfer of shares, does not involve the company's management adjustment, Liu Xiaochun is still the company's chairman. The difference of this equity transfer is that there are no actual controllers and controlling shareholders in the past. After the completion of the transfer, the company will have real controllers and controlling shareholders, and the management team will be more stable.
A market analyst told Science and Technology Innovation Board Daily that at this stage, it has become an industry phenomenon for private companies to rush to state-owned assets. For Ruilian Xincai, the introduction of state-owned shareholders at this time is good for it to enhance its capital strength, broaden financing channels and carry out business resource contacts. For the shareholders of financial investment institutions such as Zhuoshi Partnership and Guofu Yongyu, they can not only withdraw from the ranks of major shareholders by means of equity transfer, but also meet the regulatory requirements; for the State-owned assets Management Bureau of Qingdao West Coast New area, this acquisition can also improve its integrated business territory.
It is worth noting that the share transfer unit prices of the above shareholders are all 55.93 yuan per share, while the price per share before the suspension is 36.12 yuan, and the transaction premium of the share transfer link is as high as 55%.
The reason for the premium transfer, Credit Suisse new materials board secret office did not directly reply to the reason, only told the "Science and Technology Innovation Board Daily" reporter, "this is a communication agreement reached between the company's major shareholders."
For this doubt, economist Song Qinghui said that compared with the same industry, the current price-to-earnings ratio of 22.54 times earnings is not high, and after a long period of early adjustment, the company's share price has been at a low level. Premium acquisition control is a routine operation in the capital market.
A reporter from the "Science and Technology Innovation Board Daily" noted that the share price of Ruilian New Materials has been declining all the way after its listing. As of May 6, before the suspension of trading, the price was 36.12 yuan per share, with a market capitalization of 4.869 billion yuan, which has fallen by more than 60% compared with the offering price of 113.72 yuan per share.
At the same time, on the evening of May 10th, USI also announced that it plans to issue shares to the Capital Group at a price of 27.61 yuan per share, with a total fund-raising of no more than 815 million yuan for the OLED pre-sublimation materials and high-end fine chemicals industry base project and supplementary liquidity.
After the completion of this share issue to a specific target, the Capital Investment Group will directly hold 45.3452 million shares of the listed company, accounting for 27.59% of the total share capital of the listed company after the issue. At the same time, the "Voting Rights entrustment Agreement" signed by the Capital Investment Group and Zhuoshi Partnership will be terminated. The controlling shareholder of the company is still the Capital Investment Group, and the actual controller is still the West Coast New area State-owned assets Supervision and Administration Bureau.
Ruilian new material said that display materials business is the company's core business, OLED materials is the company's key development products, vigorously expand the OLED display materials business is the company's existing strategy, with the rapid growth of market demand, the company's existing production line capacity scale has been unable to meet the needs of business development. At the same time, the company will also take this opportunity to effectively expand the production capacity of electronic chemicals, match the growing market demand downstream, and cultivate new profit growth points.
As for the main industry, Ruilian said that as a domestic OLED pre-sublimation material manufacturer, it is optimistic about the future development prospect of OLED, and regards OLED business as the company's key development direction. In recent years, the scale of the company's OLED business has grown rapidly, there are many types of OLED materials and the customer base has basically covered all the leading enterprises in the downstream industry segments. At present, deuteration of OLED materials is an important direction of the development of OLED technology. The company is the first enterprise in China to start large-scale production of front-end OLED deuterated luminescent materials, and has realized large-scale mass production of a full range of red, green and blue deuterated luminescent materials.
"the company's performance has fluctuated in recent years, mainly affected by the periodicity of the industry. But since the first quarter of this year, with the gradual recovery of the downstream industry, the new materials of USI has also entered an upward trend in sales. " The person concerned said.
By the first quarter of 2024, Ruilian Xincai had revenue of 328 million yuan, an increase of 19.77% over the same period last year, and net profit of 34 million yuan, an increase of 144.17% over the same period last year.