On November 23, tianqimo announced that the controlling shareholder was planning to transfer the control right, and the shares to be transferred were expected to account for 17.70% of the total share capital of the company. The transaction may involve the change of the companys control right, and the trading party is a state-owned industrial investment company. The trading of the companys stocks and convertible bonds will be suspended from November 24.
Tianqimo announced that the controlling shareholder of the company and Zhumadian Industrial Investment Group signed the agreement on the control right and equity transfer intention of Tianjin automobile mould Co., Ltd. Zhumadian Industrial Investment Group intends to transfer 162 million shares of Chang Shiping and his persons acting in concert, including Hu Jinsheng, Dong Shuxin, Yin Baoru, Zhang Yisheng, Bao Jianxin, Wang Ziling, Ren Wei, etc., accounting for 162 million shares of Tianqi mold The transfer price is 7.33 yuan / share.
As of November 24, tianqimos share price was 4.31 yuan per share, with a total market value of 3.9 billion yuan, which means that the transfer price is 70% higher than the closing price before the suspension. Based on this calculation, the consideration of the transaction is about 1.186 billion yuan, and the corresponding overall valuation of listed companies is about 6.7 billion yuan. After the completion of the equity transfer, Zhumadian Industrial Investment Group will become the largest shareholder of Tianqi model with a shareholding ratio of 17.7%.
Tianqimo said in the announcement that if the above equity transfer is finally completed, the companys controlling shareholder will become the industrial investment group, and the actual controller of the company will be changed to the peoples Government of Zhumadian City.
Convertible bonds have reached a new high
At the same time, the companys convertible bonds also rose after the resumption of trading.
On the morning of November 26, the opening price of steam model Zhuan 2 rose by 20% and was temporarily suspended for half an hour. After the resumption of trading, the increase of gmc-2 increased to 30% to 148.35 yuan / card, and the trading was temporarily suspended for the second time in the session. On the 26th and 27th, the growth rate of gmc-2 was 31.45% and 15.99% respectively.
On November 30, the new record of 184.852 yuan / sheet was once set in the second plate of steam mould. After that, the price fell down, but it still closed at 159.008 yuan / piece until December 2.
Will cooperate with Softbank to set up a 2 billion yuan fund?
Tianqimo: no specific plan
According to Dahe Daily reported on November 25, the in-depth cooperation between Zhumadian City and tianqimo will not only strongly support the local automobile industry, but also form an obvious queen bee effect.
The person familiar with the matter said that after holding hands with Tianqi model, it will enhance its credit rating and broaden its financing channels. At the same time, Zhumadian Industrial Investment Group will become a strong backing of listed companies, fully supporting Tianqi model to become bigger and stronger.
However, in the trading change announcement disclosed on December 1, the company indicated that the company found that some media reported recently that Zhumadian Industrial Investment Group will establish a 2 billion scale automobile die industry development fund based on tianqimo (002510) and Zhumadian industrial investment group by cooperating with sbiholdings and Shanghai Yu fund. The company has no specific plan for the establishment of the above-mentioned fund. If there is any relevant plan, it will timely perform the internal review procedure and make an announcement to the public. Please refer to the information announced by the information disclosure media designated by the company.
Tianqi mould was established in 1996, formerly Tianjin automobile mould factory. In 2003, the state-owned enterprise was restructured into a private limited liability company. In 2007, it completed the joint-stock reform of the company and changed its name to Tianjin automobile mould Co., Ltd. In November 2010, it successfully landed in the A-share market.
According to the public information, Tianqi mold is a leading enterprise in the field of high-end equipment manufacturing in China, and is the largest supplier of automobile panel dies in the world. Its core technologies are all independently researched and developed. In January 2013, it acquired a well-known German mold enterprise. Downstream customers include Tesla, etc.
Tianqimos company covers 7 provinces and cities in China, with customers in more than 20 countries around the world. It has built an international global marketing network with Germany and the United States as its fulcrum. On December 31, 2019, the company has a total assets of 5.87 billion yuan, realized sales revenue of 2.169 billion yuan, realized net profit of 89.13 million yuan, and paid various taxes and fees of 116 million yuan.
According to the latest report of the third quarter of 2020 released by tianqimo on October 31, the operating revenue of the first three quarters was 828 million yuan, a year-on-year decrease of 39.68%; the net profit attributable to shareholders of listed companies was - 127 million yuan, a year-on-year decrease of 240.27%. The basic earnings per share was -0.1382 yuan. In the previous third quarter performance forecast, the company said that during the reporting period, affected by the epidemic situation, the companys mold sales scale decreased significantly, resulting in a significant decrease in the companys operating income and gross profit margin.
According to the companys third quarter report in 2020, the controlling shareholder of tianqimo is composed of several natural persons. Hu Jinsheng, Chang Shiping, Dong Shuxin, Ren Wei, Yin Baoru, Zhang Yisheng, Bao Jianxin and Wang Ziling are the persons acting in concert and jointly act as the controlling shareholders and actual controllers of the company. Ten years after listing, the original controller of the company chose to hand over the baton.
According to wind data, as of November 30, Tianqi had 85000 shareholders.
According to the companys third quarter report, the top ten circulation shareholders include Central Huijin Asset Management Co., Ltd. and Ping An Zhongzheng new energy automobile industry ETF.
Among them, the Central Huijin Asset Management Co., Ltd. held 9.4166 million shares, which was the same as that at the end of the first quarter and the second quarter of this year.
Local state owned assets continue to sell
In September this year, Saimo intelligent, a private enterprise in Jiangsu Province, formally signed a share transfer agreement. The controlling shareholders of the company, Li Da, Huatai asset management and Xingzheng asset management, intend to transfer 20.32% of the shares of the listed companies to Luoyang Guohong. After the transfer of shares, Lida and Li Ran, acting in concert, entrusted Luoyang Guohong with the voting rights of 9.66% of the shares directly held by them, and at the same time jointly held them 10% of the companys shares were pledged to Luoyang Guohong.
It is reported that after the completion of the transaction, Luoyang Guohong owns 29.98% of the companys voting rights. During the period of voting right entrustment, the controlling shareholder and actual controller of the company will be changed to Luoyang Guohong and Luoyang SASAC.
On December 1, Yuguang Gold lead announced that Yuguang group, the largest shareholder, received a notice on November 27 that the Management Committee of the demonstration zone of economic source, industry and city integration (Jiyuan Municipal Peoples Government) studied and decided to transfer Yuguang group to Jiyuan state-owned capital operation Co., Ltd. free of charge, and the shareholder was changed from Jiyuan Municipal Peoples government to Jiyuan state-owned capital operation Co., Ltd. According to the announcement, the equity change is the adjustment of property right structure of Jiyuan state-owned enterprises by Jiyuan Management Committee according to the needs. The equity change is free transfer of state-owned shares, which does not involve the payment of transaction consideration and the source of acquisition funds. In addition, since this year, several Jiangsu enterprises, such as Jinzhi technology and Zhonglai Co., Ltd., have successively announced that the control right will be changed, respectively introducing state-owned shareholders such as Qilu transportation and Guizhou Wujiang Energy Investment Co., Ltd. Editor: Captain. Source: China Fund News Editor in charge: Zhong Qiming_ NF5619
On December 1, Yuguang Gold lead announced that Yuguang group, the largest shareholder, received a notice on November 27 that the Management Committee of the demonstration zone of economic source, industry and city integration (Jiyuan Municipal Peoples Government) studied and decided to transfer Yuguang group to Jiyuan state-owned capital operation Co., Ltd. free of charge, and the shareholder was changed from Jiyuan Municipal Peoples government to Jiyuan state-owned capital operation Co., Ltd.