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On the evening of July 21, Shanghai Tianyang disclosed the transaction details of the acquisition of the adhesive manufacturer Yantai Taisheng Fine Chemical Technology Co.
, Ltd.
(hereinafter referred to as "Taisheng Technology").
The company acquired a 65% stake in Taisheng Technology at a total price of 56.
901 million yuan
.
Shanghai Tianyang said that the transaction aims to utilize Taisheng Technology's advantages in products, channels and customers in the fields of electronic assembly, new energy, and automobiles to complement the company's resources
.
Industrial and commercial information shows that Taisheng Technology was established in February 2012 with a registered capital of 12 million yuan.
It is a high-tech environmentally friendly adhesive manufacturer, specializing in the research and development, production and sales of electronic sealing adhesives and engineering sealing adhesives.
Various bonding and packaging problems encountered by customers in major fields such as new energy, automobiles, construction machinery, and rail transit during production and assembly
.
Shanghai Tianyang disclosed that the current product series developed by Taisheng Technology include: acrylic structural adhesive, UV adhesive, low temperature epoxy adhesive, silicone, anaerobic adhesive, two-component epoxy adhesive, PUR, two-component PU adhesive,
etc.
In terms of financial data, as of March 31, 2020 (audited), Taisheng Technology had total assets of 28.
6588 million yuan, total liabilities of 8.
8393 million yuan, operating income of 5.
947 million yuan, and net profit of 1.
5893 million yuan
.
The total equity value of Taisheng Technology shareholders on the assessment base date of March 31, 2020 was 30.
1328 million yuan.
Compared with the owner's equity after the audit of 19.
8202 million yuan, the value-added value was 10.
3126 million yuan, and the value-added rate was 52.
03%
.
In fact, the market application demand of downstream industries has an important impact on the future development trend of the adhesive industry
.
With the advancement of science and technology, the application of adhesives in lightweight, new energy and other fields has become more and more extensive, and the market demand has continued to expand
.
Shanghai Tianyang said that Taisheng Technology has certain market and customer advantages in electronic assembly, new energy, automobiles, security, acoustics, smart wear, construction machinery, rail transit and other fields
.
From the perspective of the industry as a whole, electronic adhesives and industrial adhesives have certain technical barriers, and the industry has high profit margins and good development prospects
.
After the completion of the acquisition, Shanghai Tianyang's systematic capabilities, products and supporting comprehensive service capabilities in the above-mentioned fields will be enhanced
.
Previously, Shanghai Tianyang disclosed on June 16 a plan for a non-public offering of shares: the total amount of funds to be raised is not more than 680 million yuan, and the net amount of raised funds after deducting the issuance expenses will be used for high-end new environmentally friendly wall coverings and industrial functions.
Fabric production projects, hot melt adhesive material projects, supplementary working capital
.
Shanghai Tianyang stated that the investment projects of the funds raised from this issuance are carried out around the company's main business, which can provide strong financial support for the implementation of the company's future development strategy, optimize the company's financial structure, and further improve the company's ability to resist risks and continue to operate
.
