Another batch of loans to increase holdings and repurchase loans
DATE:  Oct 31 2024

Three-minute announcements a day are light

Another batch of companies that plan to increase their holdings and repurchase have obtained loans; Yuyuan shares and Koyo shares plan to repurchase the company's shares; Yingluohua: plans to acquire 100% equity of Quanfang Technology for 120 million yuan; Tongxingda: The chairman proposed that the company repurchase shares with 250 million to 400 million yuan......;

Today's highlights

▼ Focus 1: Another batch of companies that plan to increase their holdings and repurchase companies have obtained loans

China Energy Construction: The company disclosed on October 15, 2024 that the company's controlling shareholder, China Energy Construction Group, intends to increase its holdings of the company's A shares through centralized bidding transactions, with a total amount of not less than 300 million yuan and no more than 500 million yuan. Recently, China Energy Construction Group and Industrial and Commercial Bank of China signed the "increase in loan contract", Industrial and Commercial Bank of China intends to provide financing support for China Energy Construction Group to increase its holdings of listed companies, the loan amount does not exceed 300 million yuan, specifically for China Energy Construction Group's shareholding increase plan. Therefore, the source of funds for this shareholding increase plan is China Energy Construction Group's own funds and borrowings from financial institutions.

East Sunshine: The company announced on October 24, 2024 that the company's controlling shareholder, Shenzhen East Sunshine Industrial, intends to increase its holdings of the company's A shares, with an increase of not less than 500 million yuan and no more than 800 million yuan, and may increase the amount of additional holdings according to market conditions in the future. On October 31, 2024, the Company received the "Notification Letter on the Source of Funds for the Share Increase Plan" from Shenzhen East Sunshine Industrial: Shenzhen East Sunshine Industrial and Everbright Bank Shenzhen Branch signed the "Stock Increase Loan Contract", and Everbright Bank Shenzhen Branch intends to provide Shenzhen East Sunshine Industrial with financing support for increasing its holdings of listed companies, with a loan amount of no more than 315 million yuan, which is specially used for Shenzhen East Sunshine Industrial to increase its holdings of the company's A shares through the Shanghai Stock Exchange trading system through centralized bidding transactions. In addition to the above-mentioned loans, the rest of the funds from this increase are Shenzhen East Sunshine Industrial's own funds or other self-raised funds.

Chengde Lulu: Recently, the company received the "Loan Commitment Letter" issued by China Construction Bank Corporation (hereinafter referred to as "CCB"), in which CCB promised to provide the company with 490 million yuan of share repurchase loan funds for share repurchase.

Yuheng Pharmaceutical: On October 30, 2024, the Company received the Letter of Loan Commitment issued by the Harbin Pingfang Sub-branch of Bank of China, in which the Harbin Pingfang Sub-branch of Bank of China promised to provide the Company with a loan of up to 70 million yuan for share repurchase.

Zhenhua Technology: The company disclosed on October 23, 2024 that China Zhenhua, the controlling shareholder of the company, plans to increase its holdings of the company's shares through the Shenzhen Stock Exchange trading system within 6 months from the date of the announcement, with an amount of not less than 100 million yuan and no more than 200 million yuan, and the price of this increase is not higher than 59.60 yuan per share. The company recently received the "Letter on the Shareholding Increase Plan to Obtain Funding and Loan Support" from China Zhenhua, and China Zhenhua received the "China Construction Bank Loan Commitment" issued by China Construction Bank Corporation Guiyang Chengbei Branch, promising to provide China Zhenhua with a share repurchase loan of 140 million yuan for the transaction price and expenses of increasing its holdings of Zhenhua Technology shares, with a loan term of 1 year.

▼ Focus 2: Yuyuan shares and Koyo shares plan to repurchase the company's shares

Yuyuan shares: The company intends to repurchase shares through centralized bidding transactions for the implementation of the company's employee stock ownership plan or equity incentives. The repurchase amount shall not be less than 10000000 yuan and not more than 20000000 yuan; The repurchase price does not exceed 8.50 yuan per share.

Koyo Co., Ltd.: The Company intends to use its own funds and special loan funds for share repurchase to repurchase part of the Company's issued RMB ordinary shares (A shares) in a centralized auction transaction, which is intended to be used for the implementation of employee stock ownership plans and/or equity incentives. The repurchase amount shall not be less than 70 million yuan and not more than 100 million yuan, and the repurchase price shall not exceed 12 yuan per share. The Company has obtained the Letter of Commitment for Loans from China Construction Bank issued by CCB Changzhou Branch, agreeing to provide a special loan of RMB 70 million for the Company's share repurchase, with a loan term of one year. In addition to the above loans, the rest of the company's share repurchase funds are the company's own funds.

▼ Focus 3: Yingluohua: It is planned to acquire 100% of the shares of Quanfang Technology for 120 million yuan

In order to further strengthen industrial synergy and optimize the business structure, the Company intends to acquire 99% of the equity of Zhejiang Quanfang Technology Co., Ltd. (hereinafter referred to as "Quanfang Technology") held by Hengdian Holdings and 1% of the equity of Quanfang Technology held by Hengdian Management with its own funds of RMB 120 million. Quanfang Technology is a holding subsidiary of Hengdian Holdings, and is controlled by Hengdian Holdings together with the Company, and this transaction constitutes a connected transaction.

Private placement & reorganization

Changyingtong: The company is planning to purchase 100% of the equity of Wuhan Shengyisheng Optoelectronics Technology Co., Ltd. by issuing shares and paying cash, and at the same time raise matching funds. The transaction is not expected to constitute a material asset restructuring; It does not constitute a related party transaction of the company, does not lead to a change in the actual controller of the company, and does not constitute a reorganization and listing. Trading in the company's shares will be suspended from November 1, 2024, and the suspension is expected to last no more than 5 trading days.

Fosu Technology: The company is planning to purchase assets by issuing shares and paying cash, and issue shares to the company's controlling shareholder, Guangdong Guangxin Holding Group Co., Ltd. to raise matching funds. The target company of this transaction is Hebei Jinli New Energy Technology Co., Ltd., and the company intends to purchase the control of the target company by issuing shares and paying cash. The transaction will constitute a connected transaction. As the valuation and pricing of the target company have not yet been finalized, this transaction may constitute a major asset restructuring. This transaction will not lead to a change in the actual controller of the company and will not constitute a reorganization and listing. Trading in the Company's shares will be suspended from the market open on November 1, 2024. The Company expects to disclose the transaction plan within no more than 10 trading days.

North International: The company disclosed its plan to issue A-shares to specific targets. The funds raised in this offering do not exceed 96,000.00 yuan, and after deducting the issuance expenses, it is intended to be used for the 125MWp photovoltaic project in Komanye Mountain, Bosnia and Herzegovina and supplementary working capital.

Important

TXD: Wan Feng, the actual controller, chairman and general manager of the company, proposed that the company repurchase part of the company's issued RMB ordinary shares (A shares) through centralized bidding through the Shenzhen Stock Exchange trading system through self-raised funds and other means, and the repurchased shares were intended to be used for the implementation of equity incentives or employee stock ownership plans, and the total amount of funds to repurchase shares should not be less than 250 million yuan and not more than 400 million yuan.

Jereh Co., Ltd.: On May 22, 2024, the Company entered into a partnership with PetroIraq for Oilfield Development Co., Ltd (hereinafter referred to as "PetroIraq") and Midland Oil Company of the Mansuriya Contract Area Project (hereinafter referred to as the "Mansuriya Project"). Iraq (Central Iraq Oil Company, hereinafter referred to as "MdOC") has signed a preliminary development and production contract. On October 31, 2024, the Company and Petro Iraq formally signed a development and production contract with MdOC for the Mansuriya Project, which is consistent with the content of the previous preliminary contract. Subsequently, the company will work with all parties to promote the implementation of the project. The project has a contract period of 25 years, and if successfully implemented and put into production, it is expected to have a positive impact on the company's future operating results and consolidate the company's influence and competitiveness in the oil and gas field.

Chongqing Development: The board of directors of the company deliberated and approved the proposal at the meeting, and agreed that the company and Shanghai Forte Investment Management Co., Ltd. will each increase the debt-to-equity swap of 155 million yuan to Chongqing Langfu Real Estate Co., Ltd., a holding subsidiary of the company, by 310 million yuan according to the proportion of shareholdings, and the shareholding ratio of both parties will remain unchanged after the capital increase.

Doushen Education: Disclosure of abnormal fluctuations in stock trading announcement said that the company disclosed on October 25, 2024 the "Announcement on Signing a Strategic Cooperation Framework Agreement with Beijing Zhipu Huazhang Technology Co., Ltd. and Hainan Hezun Network Technology Co., Ltd. and Establishing a Joint Venture Company", the joint venture company is mainly engaged in the research and development and sales of AI education products, and the joint venture has not yet generated operating income, and there is a risk that the related investment progress will not meet expectations. In the first three quarters of 2024, the relevant revenue generated by the company's AI education products will account for no more than 4% of operating income, so investors should pay attention to the risks.

Zhongmin Energy: Recently, the Fujian Provincial Development and Reform Commission issued the "Notice on Printing and Distributing the Development and Construction Plan of Photovoltaic Power Stations in Fujian Province in 2024", and the 80MW fishery-photovoltaic complementary photovoltaic power station in Zhao'an Sidu and the 400MW fishery-photovoltaic complementary photovoltaic power station on the north bank of Zhongmin Energy declared by the company were included in the list of photovoltaic power station development and construction projects in Fujian Province in 2024.

Zhangzhou Development: According to the Notice of the Fujian Provincial Development and Reform Commission on Printing and Distributing the Development and Construction Plan of Photovoltaic Power Stations in Fujian Province in 2024, the "Zhangfa New Energy Zhao'an Sidu 25MW Rooftop Photovoltaic Power Station" project declared by Fujian Zhangfa New Energy Investment Co., Ltd., a subsidiary of the Company, and the "110MW Rooftop Photovoltaic Power Station in Jingyuan Area, Zhangzhou High-tech Industrial Development Zone, Zhangfa New Energy" declared by Zhangfa New Energy (Zhangzhou High-tech Zone) Co., Ltd. The project is included in the list of projects in the development and construction plan of photovoltaic power stations in Fujian Province in 2024. The above-mentioned projects are still in the preliminary preparatory stage, and the approval procedures will be carried out in accordance with relevant regulations according to the progress of the project.

China Green Power: On October 30, 2024, the Fujian Provincial Development and Reform Commission issued the Notice of the Fujian Provincial Development and Reform Commission on Printing and Distributing the Development and Construction Plan of Photovoltaic Power Stations in Fujian Province in 2024, agreeing that the "Luneng New Energy Longhai Baishui 250MW Fishery-PV Complementary Photovoltaic Power Station" declared by the Jiangsu Branch of Luneng New Energy (Group) Co., Ltd., a subsidiary of the company, was included in the "List of Projects for the Development and Construction of Photovoltaic Power Plants in Fujian Province in 2024". The project is located in Zhangzhou City, Fujian Province, and the project type is fishery and photovoltaic complementation, with an installed capacity of 250MW.

Dale New Materials: On October 31, 2024, Duan Zhiming, the actual controller of the company, Yang Huihuang, a shareholder holding more than 5% of the shares, signed the "Share Transfer Agreement" with Hunan Huazhou Investment Private Equity Fund Management Co., Ltd. (on behalf of "Hunan Huazhou Multi-Strategy No. 1 Private Securities Investment Fund"), intending to transfer 19,500,000 shares of the company's outstanding shares held by them to Huazhou No. 1 Fund at a price of 6.46 yuan per share through agreement transfer, accounting for 5.01% of the company's total share capital. It represents 5.11% of the total share capital after excluding 7,655,640 shares in the company's special account for repurchase. The transfer price of this agreement is 6.46 yuan per share, and the total transfer price is 125,970,000 yuan. The transfer of shares under this agreement does not touch the tender offer, does not constitute a related party transaction, and the implementation of the transfer will not lead to a change in the control of the company.

Xiangtan Electrification: Jingxi Xiangtan Electrification Technology Co., Ltd. (hereinafter referred to as "Jingxi Electrification"), a wholly-owned subsidiary of the Company, won the bid for the prospecting right of Aitun manganese mine in Jingxi City, Guangxi Province in 2021. Recently, Jingxi Dianhua has completed the work related to the conversion of prospecting rights to mining rights for Aitun manganese mine in Jingxi City, Guangxi, and obtained the "Mining License of the People's Republic of China" issued by the Department of Natural Resources of Guangxi Zhuang Autonomous Region. The company said that the acquisition of the Aitun manganese mine mining license by Jingxi Dianhua will increase the company's manganese ore resource reserves and provide raw material guarantee for the production of Jingxi electrochemical products.

Jingu shares: The company recently received a designated notice from a leading domestic heavy truck company, and the company will be used as a parts supplier for customers to develop Avatar low-carbon wheel products for one of its medium and heavy truck models. The company will complete the product development and delivery work according to the customer's requirements. The company said that the company's Avatar low-carbon wheels have previously been designated for the customer's heavy truck project and supplied in batches. The designation of the customer's medium and heavy truck project is a manifestation of the continuous expansion and deepening of the cooperative relationship between the two sides, and further demonstrates the customer's recognition of the company's R&D and design, technical quality and production capacity of wheel products.

Yitong Century: Recently, the company received the notice of winning the election issued by the relevant bidding agency, and learned that the company has become the winning bidder for the fourth share of the comprehensive maintenance service project of Guangdong Tower from 2025 to 2027, and it is estimated that the winning amount will be 123.9655 million yuan after discount, including tax.

Greenyn Ecology: The consortium of Inner Mongolia Lvyin Ecological Technology Co., Ltd., a wholly-owned subsidiary of the company, recently received the bid winning notice from the Forestry and Grassland Bureau of Chahar Right Wing Front Banner of the Inner Mongolia Autonomous Region for the "Inner Mongolia Autonomous Region 'Three North' Project Forest and Grass Wet Desert Integrated Protection and Restoration Project (EPC) - Chahar Right Wing Front Banner (Bid Section) Project", confirming that the consortium of Inner Mongolia Lvyin Ecological Technology Co., Ltd. is the bidder of the project, with a bid price of 85,461,671 yuan.

Nachuan shares: In order to reduce operation and maintenance costs and improve unit production efficiency, the company's wholly-owned subsidiary Fujian Nachuan Plastic Industry Co., Ltd. (hereinafter referred to as "Nachuan Plastic Industry"), Jiangsu Nachuan Pipe Co., Ltd. (hereinafter referred to as "Jiangsu Nachuan"), a wholly-owned grandson company, and Sichuan Nachuan Pipe Co., Ltd. (hereinafter referred to as "Sichuan Nachuan", together with Nachuan Plastic Industry and Jiangsu Nachuan are collectively referred to as "Temporary Suspension of Suspension of Production") have recently temporarily suspended business. Subsequently, it will be decided whether to resume business and production at the right time according to market conditions. The company said that Nachuan Plastics, Jiangsu Nachuan and Sichuan Nachuan are part of the company's pipe sales and production enterprises, which have continued to lose money in recent years, and the temporary suspension of business and production is conducive to the company's reduction of losses, and is expected to have an adverse impact on the company's operating income, the specific amount is subject to the audited 2024 annual audit report. The total operating income of the company temporarily suspended in 2023 accounted for 54.80% of the operating income of the consolidated statement. Except for the temporary suspension of business, the business of the company and other subsidiaries is still carried out normally, which will not lead to the suspension of the company's main business.

Fujilai: The company's apatinib mesylate API has recently passed the review of the Center for Drug Evaluation of the National Medical Products Administration, and the registration number has been changed to "A" status on the CDE API, pharmaceutical excipients and pharmaceutical packaging materials registration information publicity platform. Apatinib mesylate is a small molecule tyrosine kinase inhibitor that inhibits tumor angiogenesis.

Huatie Emergency: Upon the company's application and the Shanghai Stock Exchange, the company's securities abbreviation will be changed from "Huatie Emergency" to "Hainan Huatie" from November 6, 2024, and the stock code "603300" will remain unchanged.

Dongan Power: issued a stock trading change announcement, the company has recently paid attention to the media will be listed as a flying car concept stock, after verification, the company currently has no flying car business related income, please investors rational decision-making, prudent investment, pay attention to related risks.

Rebecca: Issued an announcement on stock trading changes, the company has recently paid attention to the discussion on the stock bar and media platforms about the company's controlling shareholder's holding of the equity of Yellow River Information Industry, and after the company's self-examination and consultation with the controlling shareholder and confirmation with the actual controller, there is no asset injection plan. The controlling shareholder of the company holds 60% of the equity of Xuchang Ruidong, and Xuchang Ruidong holds 40% of the equity of the Yellow River Information Industry, and the listed company does not hold the equity of the Yellow River Information Industry and has no business dealings with the Yellow River Information Industry.

Everbright Securities: The company recently received an approval from the China Securities Regulatory Commission (CSRC) to approve the company's registration application for public issuance of short-term corporate bonds to professional investors. The balance of the face value of the public issuance of short-term corporate bonds does not exceed 15 billion yuan.

Xusheng Group: Xu Xudong, the controlling shareholder and actual controller of the company, and Ningbo Meishan Bonded Port Xusheng Holding Co., Ltd., the person acting in concert, are planning to transfer the shares of the company they hold, which may lead to a change of control of the company. The company's shares were suspended for two trading days on October 30 and October 31. During the suspension period, the parties to the transaction will further communicate on relevant matters, and the company is not expected to be able to resume trading from the market open on the morning of November 1, 2024, given that the relevant details still need to be fully negotiated and finalized. After the company's application to the Shanghai Stock Exchange, the company's shares will continue to be suspended from the opening of the market on the morning of November 1, 2024, and it is expected that the suspension will continue to last no more than three trading days.

BBMG Group: BBMG Jiaye, a wholly-owned subsidiary of the Company, won the state-owned construction land use right of R2 Class II residential land in Lot 1516-60 of the Phase III Project of Fengtai Park East District, Zhongguancun Science and Technology Park, Fengtai District, Beijing, through public bidding, with a total land area of 21,607.59 square meters and a floor area of 54,019 square meters on the ground, with a total transaction price of RMB 270,000, and the land use is Class II residential land. At present, BBMG Jiaye owns 100% of the project.

Tong Ren Tang: Tong Ren Tang Pharmaceutical Factory, a branch of the company, received the "Product License (Class III)" approved and issued by Health Canada, and Tong Ren Tang Pharmaceutical Factory's product Yangyin Qing Lung Pill was registered as a Canadian product, and the product is intended to be sold in Canada.

Jiuzhou Pharmaceutical: Kangchuanji Pharmaceutical, a holding subsidiary of the company, received the "Drug Registration Certificate" for dopamine hydrochloride injection approved and issued by the State Drug Administration. Dopamine hydrochloride injection is suitable for shock syndrome caused by myocardial infarction, trauma, endotoxin sepsis, cardiac surgery, renal failure, congestive heart failure, etc.

Humanwell Pharmaceutical: Yichang Humanwell, a holding subsidiary of the company, recently received the "Drug Registration Certificate" for compound sodium acetate Ringer injection approved and issued by the State Drug Administration. Compound sodium acetate Ringer injection is used for the replenishment of extracellular fluid when circulating blood volume and interstitial fluid decrease, and the correction of metabolic acidosis.

Shanghai Pharmaceutical: Shanghai Shanghai Pharmaceutical Xinya Pharmaceutical Co., Ltd., a holding subsidiary of the Company, received the "Notice of Approval of Drug Supplementary Application" issued by the State Medical Products Administration on ceftazidime for injection, and the drug passed the consistency evaluation of generic drugs. Injectable ceftazidime is mainly used to treat single or multiple infections caused by susceptible microorganisms.

Biological shares: After the review of the Ministry of Agriculture and Rural Affairs of the People's Republic of China, the live brucellosis vaccine (S19 strain) developed by Jinyu Baoling, a wholly-owned subsidiary of the company, was approved as a new veterinary drug, and the "New Veterinary Drug Registration Certificate" was issued. Live brucellosis vaccine (S19 strain) is used to prevent bovine brucellosis. The immunization period is 48 months.

Increase or decrease in holdings

Horn Automobile & Power: Shenzhen Horn Technology Group Co., Ltd., the controlling shareholder of the company, intends to increase its holdings of the company's shares through centralized bidding through the Shenzhen Stock Exchange trading system with its own funds or self-raised funds within 6 months from the date of the announcement, with a total amount of not less than 40 million yuan and no more than 80 million yuan.

Youfu shares: Recently, the company received a notice from some directors, senior managers and core middle managers (hereinafter referred to as the "increase in holdings") that since the company's A-share share price has been higher than the original upper limit of the increase price, in order to continue to implement the increase plan, based on the recognition of the company's long-term value, the increase in holdings voluntarily canceled the original increase price limit (i.e., 4 yuan / share). Other than that, the rest of the plan remains unchanged. The subject of the increase will continue to implement the shareholding increase plan of not less than 5.1 million yuan during the period of the shareholding increase. As of October 18, 2024, the increasing entities have increased their holdings of the company's shares by a total of 1,341,600 shares, accounting for 0.1361% of the company's total share capital, with a cumulative increase of 3.9103 million yuan.

Suspension and resumption of trading

Resumption: Yanggu Huatai (300121), ST Jingang (600190), ST Jingang B (900952).

Suspension: Fosu Technology (000973), Changyingtong (688143).

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