On the evening of June 1, Overclocking III (hereinafter referred to as “the companyâ€) announced that the company signed with Yunnan Tin Industry Group Co., Ltd. (hereinafter referred to as “Xinye Group†or “Party Aâ€) on May 31, 2018. The "Equity Purchase Intention Agreement" is intended to be openly auctioned through the property rights trading platform of the Yunnan Provincial Equity Exchange (hereinafter referred to as "Yunjiao"), and it is proposed to acquire the old Shengbi and Industrial Co., Ltd. held by the Tin Group in cash. Referred to as “the target company†or “Shengbi and Industrialâ€) 49.5% equity (hereinafter referred to as “target equityâ€).
Shengbihe Industrial is one of the earliest enterprises in China to research, produce and sell lithium-ion battery materials. It is a national high-tech enterprise. The main products of Shengbi and Industry include ternary materials, lithium cobalt oxide, lithium manganate and iron phosphate. The positive electrode materials such as lithium and lithium titanate negative electrode materials are at the domestic advanced level, and some technical indicators and manufacturing technology levels are leading domestically and internationally. As of the evaluation date (February 28, 2018), the value of Shengbi and Industrial Appraisal was RMB 170,835,800, and the value of 49.5% held by Tin Group was RMB 85,563,800.
According to the evaluation value of the target company, Party A intends to publicly list the 49.5% equity of the target company at the Yunsu Institute at a price of RMB 945,638,000, and at the same time, “the transferee will compensate the old Shengbi and Industrial Co., Ltd. Yunnan Tin Industry Group (Holdings) Co., Ltd. has a debt of RMB 52.4 million as a trading condition for the proposed transfer of 49.5% equity. At the same time, Party A shall cooperate with the company's requirements and have the relevant legal documents signed by the company before the signing of the formal equity transfer agreement between the two parties, so that the company can become the equivalent of the amount of the above-mentioned compensation after the company compensates the aforementioned debts. Legal creditor.
Overclocking 3 said that the target company is a leading company in the field of lithium-ion battery materials in Yunnan Province, the largest lithium-ion battery cathode material manufacturer in western China, and one of the strongest lithium-ion material manufacturers in the same industry. One of the few companies that produces and recycles cathode material products and has the ability to produce precursors. It is a company with its own research and design and manufacturing of key core equipment. It has strong technological innovation capability and competition in the same industry in China. Advantage.
The new energy cooling field is a horizontal extension of the company's main business and is also one of the company's future strategic directions. The company is optimistic about the new energy, especially the market opportunities for heat dissipation and thermal management in the field of lithium batteries. Just as it has expanded from PC cooling to LED cooling and kits and lamps, it is now actively storing lithium battery cooling and related key components and product technologies and exploring relevant markets.
The signing of the "Equity Acquisition Intention Agreement" and the successful completion of the acquisition in the future can better enhance the company's own comprehensive competitiveness, and at the same time help to better explore the new energy cooling market and find new profit growth points. In the long run, it is in line with the company's development strategy and the interests of all shareholders.
Nantong Boxin Electronic Technology Co., Ltd. , https://www.ntbosen.com