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On the evening of March 25, Shenma’s announcement showed that the company’s issuance of shares, the purchase of assets with convertible bonds and the raising of supporting funds have been successfully completed
.
According to the previously announced draft, Shenma intends to purchase Henan Shenma Nylon Chemical Co.
, Ltd.
(hereinafter referred to as Henan Shenma Nylon Chemical Co.
, Ltd.
) held by its controlling shareholder China Pingmei Shenma Energy and Chemical Group Co.
, Ltd.
(hereinafter referred to as "China Pingmei Shenma Group").
Called "Nylon Chemical") 848.
7 million shares, accounting for 37.
72% of the total share capital of Nylon Chemical
.
The announcement on the evening of March 25 shows that Shenma has successfully completed the issuance of 82.
07 million shares, raising funds of 600 million yuan; issued 4 million convertible corporate bonds, raising funds of 400 million yuan
.
The main business of Shenma Co.
, Ltd.
is the production and sales of nylon 66 industrial yarn, cord fabric, chips and other products.
Its leading products, nylon 66 industrial yarn and cord fabric, have the largest production capacity in the world; and the production capacity of nylon 66 salt and nylon 66 chips ranks first in Asia
.
It is worth noting that the target company of this transaction, Nylon Chemical, is mainly engaged in the research and development, production and sales of nylon 66 salt and its intermediate products
.
Therefore, after the transaction is completed, it marks that Shenma Co.
, Ltd.
has completed the key step of building a complete nylon 66 industrial chain, effectively combining the original main business of the listed company with the main business of the target company, realizing the integration and extension of the industrial chain of the listed company, expanding the The asset scale of listed companies has been increased, procurement and production costs have been reduced, operational efficiency and profitability have been improved, and a good synergistic development effect has been formed
.
Shenma will also become one of the few market-leading companies in the domestic nylon 66 industry with large-scale production capacity and integrated upstream raw material production capacity
.
In addition, the total amount of funds raised from this issuance is 1 billion yuan.
After the issuance is completed, the capital strength of the listed company will be further improved, the asset-liability ratio will be reduced, the overall financial situation will be optimized and improved, and the company's asset quality will be improved, which is conducive to enhancing the The company's ability to withstand financial risks
.
