After "95", the actual controller took over CnTI 1.6 billion yuan for fixed increase

Just over two months after Hao hurled 1 billion yuan into China Nuclear titanium dioxide, the mysterious "post-95" made another big investment - it is planned to spend about 1.6 billion yuan to fully embrace a new round of fixed increase of China Nuclear titanium dioxide and further consolidate the control right In the evening of February 24, CNNP titanium dioxide disclosed the fixed increase plan, and planned to raise no more than 1.6 billion yuan to invest in titanium dioxide reprocessing projects and supplement working capital Wang Zelong, the actual controller of the "post-95" company, fully contracted the plan At this time, it's more than two months since Wang zelonghao threw over 1 billion yuan into the main nuclear titanium white In the view of insiders, Wang Zelong once again raised his shareholding ratio through fixed increase after he became the owner of CnTI, which shows that he has high hopes for CnTI "With the increasing concentration of titanium dioxide industry, leading companies like CNNC titanium dioxide are expected to usher in greater development opportunities." According to the announcement, CNR titanium dioxide plans to issue no more than 461.1 million shares to Wang Zelong, the controlling shareholder and actual controller of the company, at a price of 3.47 yuan / share, and raise no more than 1.6 billion yuan to be used for 200000 tons / year titanium dioxide post-treatment project and supplementary working capital Prior to the deal, Wang Zelong directly held 340 million shares of cnhti, accounting for 21.37% of the company's total equity If calculated according to the issue ceiling of 461.1 million shares, after the completion of the fixed increase, the total share capital of cnhti will increase to 2.052 billion shares, and the number of shares held by Wang Zelong in the listed company will increase to 8011.1 million shares, with the shareholding ratio increased to 39.03%, which is still the controlling shareholder and actual controller of the company As the fixed increase, Wang Zelong will hold more than 30% of China Nuclear titanium dioxide, which will trigger the obligation of tender offer In order to ensure the smooth implementation of the fixed increase, the board of directors requested the general meeting of shareholders of the company to approve Wang Zelong, the controlling shareholder, from issuing an offer For this fixed increase, CNNC titanium dioxide said that after putting into operation the post-treatment project with an annual output of 200000 tons of titanium dioxide, the company will form a capacity of 330000 tons of crude products and 400000 tons of post-treatment With the expansion of the company's business scale, the demand for working capital will increase The replenishment of working capital projects will effectively meet the demand for new working capital brought by the expansion of the company's business scale, which is conducive to ensuring the sustainable development of the company's business and further improving the company's sustainable profitability On the same day, CNNC also announced the termination of the issuance of convertible bonds and applied for the withdrawal of documents According to the previous announcement, China Nuclear titanium dioxide plans to issue convertible bonds of no more than 1.2 billion yuan The company explained that the current market environment changes, combined with the company's industrial and financial strategy and the process of raising investment projects, the company decided to adjust the financing mode Titanium dioxide industry has entered a period of high-quality development Looking back on the previous transaction, CNNP titanium dioxide announced on December 7, 2019 that Li Jianfeng, the former controlling shareholder of the company, transferred 21.37% of its shares to Wang Zelong, 23 at that time The transaction was completed on December 5, and Wang Zelong became the new actual controller of CNNP titanium dioxide According to the previous announcement, the transfer price of the transaction is 3.8 yuan / share Based on this calculation, the total cost of Wang Zelong's accession is about 1.3 billion yuan Since then, Li Jianfeng and Wang Zelong have signed an agreement to entrust the voting rights corresponding to their 5.69% shares to the latter, but only one day later, the two sides have rescinded the entrustment agreement According to the investigation, Wang Zelong was born in 1996 Before that, he participated in the fixed increase of longmang Baili (at that time, the company referred to as "baililian") and made a lot of profits It is easy to find that both of them are leading companies in titanium dioxide industry According to the Research Report of Dongxing securities, the production capacity of longmangbaili and CNNP titanium dioxide are among the top 7 titanium dioxide leaders in the world Based on the production capacity in 2018, the production capacity of longmangbaili is about 600000 tons, ranking the fourth in the world and the first in China; the production capacity of CNNP titanium dioxide is about 200000 tons, ranking the seventh in the world and the second in China At present, China's titanium dioxide industry has entered a new stage of development, with breakthroughs in technology and technology, and the gap between China and the international titanium dioxide giants has gradually narrowed On the whole, the "quantity" of industrial development has been effectively controlled, and the "quality" is constantly improving, and it is gradually moving from a titanium dioxide power to a titanium dioxide power.