Weiye shares plans to purchase two affiliated companies to solve the competition in the same industry

category:Finance
 Weiye shares plans to purchase two affiliated companies to solve the competition in the same industry


Weiye Co., Ltd. is mainly engaged in the design and construction of architectural decoration engineering. It is one of the well-known enterprises in the field of domestic architectural decoration. At present, it mainly undertakes the decoration design and construction business of public buildings such as high-grade hotels, office buildings, commercial buildings, cultural, educational, sports and health facilities, transportation infrastructure and other public buildings, as well as ordinary residences and high-grade villas.

In August this year, Huashi holdings set a price of 716 million yuan and acquired 62.4116 million shares of Weiye held by the former controlling shareholder, accounting for 29.99% of the total shares of the company. The controlling shareholder of Weiye was changed to Huashi holding and the actual controller was changed to Zhuhai SASAC. Huashi holding is a subsidiary of HUAFA group.

After the completion of the above-mentioned transaction and its subsidiaries, Weihua group will make every effort to solve the competition between Weifa group and its subsidiaries within 36 months The contested business includes but is not limited to injecting qualified high-quality assets and businesses into the maintenance shares first. If it is impossible to inject the maintenance shares, the company will solve the above problems by transferring the competitive assets and business to an unrelated third party, trusting the competitive assets and business to the maintenance shares There is no substantial competition between the company and its subordinate enterprises.

The announcement shows that HUAFA Jinglongs core business is to provide customers with fine decoration services. After the completion of the transaction, the target company will become a subsidiary of the listed company, which will effectively solve the horizontal competition between HUAFA group and the listed company.

Company performance or rise

According to the prepared financial data of listed companies, after the completion of the transaction, the total assets, operating income and net profit attributable to the owners of the parent company of the listed company have increased to a certain extent compared with those before the transaction. Before this transaction, the revenue of Weiye shares in the first nine months of this year was 139 million yuan; after this transaction (for reference), the total revenue of Weiye shares in the first nine months of this year was 413 million yuan, with a change rate of 197.77%. The net profit rate of the previous transaction was RMB 1.779 million yuan, which was RMB 1.379 million yuan in the first month, and the net profit rate was RMB 1.378 million yuan in the previous transaction.

Weiye said that through the restructuring, listed companies will introduce high-quality construction and decoration engineering business assets of HUAFA, further improve the profitability of listed companies, optimize the efficiency of resource allocation, and enhance the ability of listed companies to resist industrial risks. HUAFA shares promised that the net profit committed by HUAFA Jinglong from 2020 to 2022 will be 47.3 million yuan, 51.6 million yuan and 52.7 million yuan respectively. If the transaction is not completed in 2020, the net profit committed from 2021 to 2023 will be 51.6 million yuan, 52.7 million yuan and 56.3 million yuan respectively. Huawei investment commitment, Jiantai construction from 2020 to 2022 committed net profit of no less than 12.4 million yuan, 28.3 million yuan, 29 million yuan. If the transaction is not completed in 2020, the net profit committed from 2021 to 2023 will be 28.3 million yuan, 29.0 million yuan and 29.7 million yuan respectively. Source: Securities Times Author: Zang Xiaosong editor: Wang Xiaowu_ NF

Weiye said that through the restructuring, listed companies will introduce high-quality construction and decoration engineering business assets of HUAFA, further improve the profitability of listed companies, optimize the efficiency of resource allocation, and enhance the ability of listed companies to resist industrial risks.

Huawei investment commitment, Jiantai construction from 2020 to 2022 committed net profit of no less than 12.4 million yuan, 28.3 million yuan, 29 million yuan. If the transaction is not completed in 2020, the net profit committed from 2021 to 2023 will be 28.3 million yuan, 29.0 million yuan and 29.7 million yuan respectively.