Lithium-ion battery company restructuring -Lithium - Ion Battery Equipment
On the evening of November 24th, Anhui Xinli Finance Co., Ltd. (600318.SH, hereinafter referred to as "Xinli Finance") disclosed a "Major Asset Replacement and Issuance of Shares to Purchase Assets and Raise Matching Funds and Related Party Transactions Plan".
According to the "Plan", Xinli Financial plans to transfer the equity of its important companies engaged in financing guarantee, small loan, pawn and financial leasing and other financial businesses out of listed companies, and buy shares from Shenzhen BAK Battery Co., Ltd., Tibet Hao 19 shareholders of BAK Power, including Ze Trading Co., Ltd., placed about 75.62% of the shares of BAK Power.(Lithium - Ion Battery Equipment)
So far, this listed company, which originally focused on financial business, has switched itself to the extremely popular new energy track through equity acquisition.
Xinli Financial also announced on the same day that the company will resume trading on November 25. Somewhat beyond market expectations, after the resumption of trading, Xinli Financial recorded four daily daily limits in a row. Under the combined push of multiple factors, the stock price of Xinli Financial soared by 85.48% in November.
However, in the almost boiling atmosphere of the stock price, the voices of doubts are also endless. On November 28, the Shanghai Stock Exchange sent a letter of inquiry to Xinli Finance, raising more questions about the transaction between Xinli Finance and BAK Power.
Can the BAK battery with its own popular label of "lithium battery" make Xinli Finance, which is trying its best to innovate its business territory, get its wish? Can the BAK battery, which has twice hit the A-share market and "defeat", turn over in the current hot electric energy storage outlet?
01. There is a four-connection board when the reorganization is undecided
November was a thrilling month for Xinli Finance. First, it announced the news of its reorganization with BAK Power, which attracted much attention. Later, it was suspected of existence due to stock changes. An inquiry letter from the Shanghai Stock Exchange brought it to the forefront.
On November 10, Xinli Financial announced the suspension notice of planning a major asset reorganization, announced the purchase of BAK Power's equity through asset replacement and issuance of shares, and announced that it will suspend trading from November 11. On the day the news was announced, Xinli Financial's share price rose by the daily limit.
Two weeks later, on November 24, Xinli Finance announced its restructuring plan, saying that it planned to sell out the equity of five companies in the financial business of Xinli Finance and put 75.62% of BAK Power into it. Xinli Financial also warned that because the company's stock price fluctuated by more than 20% in the 20 trading days before the first disclosure of this restructuring, it may be suspected, so this transaction has the risk of being suspended, suspended or cancelled.
Public information shows that half a month before the announcement of the restructuring news, that is, starting from October 25, Xinli Financial's stock price continued to rise, an increase of more than 37%, and its market value increased from 3.374 billion yuan to November. 6.876 billion yuan on the 30th. During this period, two private equity products of Shanghai Tongyi Investment Management Company, "Tongyi Kirin No. 5" and "Tongyi Kirin No. 6", suddenly bought millions of shares of Xinli Financial, becoming the ninth and No. 1 shares of Xinli Financial. Top ten tradable shareholders.
On November 25th, Xinli Financial resumed trading, and the daily limit continued in the following days. On the evening of November 28, the Shanghai Stock Exchange issued a reorganization inquiry letter regarding Xinli Finance’s proposed acquisition of 75.62% of BAK Power’s shares, requiring Xinli Finance to provide information on whether to avoid reorganization and listing, the profitability of the target company, and insider information. issues and supplementary disclosures.
The Shanghai Stock Exchange pointed out in the inquiry letter that as the acquirer, Xinli Financial’s share price rose by the limit on the day before the suspension of the restructuring, and the company’s share price rose more than 20 trading days before the disclosure of the plan. The 20% standard stipulated in Article 5 of the Notice of Party Behavior. What exactly is going on?
According to the "Plan", Xinli Financial plans to transfer the equity of its important companies engaged in financing guarantee, small loan, pawn and financial leasing and other financial businesses out of listed companies, and buy shares from Shenzhen BAK Battery Co., Ltd., Tibet Hao 19 shareholders of BAK Power, including Ze Trading Co., Ltd., placed about 75.62% of the shares of BAK Power.(Lithium - Ion Battery Equipment)
So far, this listed company, which originally focused on financial business, has switched itself to the extremely popular new energy track through equity acquisition.
Xinli Financial also announced on the same day that the company will resume trading on November 25. Somewhat beyond market expectations, after the resumption of trading, Xinli Financial recorded four daily daily limits in a row. Under the combined push of multiple factors, the stock price of Xinli Financial soared by 85.48% in November.
However, in the almost boiling atmosphere of the stock price, the voices of doubts are also endless. On November 28, the Shanghai Stock Exchange sent a letter of inquiry to Xinli Finance, raising more questions about the transaction between Xinli Finance and BAK Power.
Can the BAK battery with its own popular label of "lithium battery" make Xinli Finance, which is trying its best to innovate its business territory, get its wish? Can the BAK battery, which has twice hit the A-share market and "defeat", turn over in the current hot electric energy storage outlet?
01. There is a four-connection board when the reorganization is undecided
November was a thrilling month for Xinli Finance. First, it announced the news of its reorganization with BAK Power, which attracted much attention. Later, it was suspected of existence due to stock changes. An inquiry letter from the Shanghai Stock Exchange brought it to the forefront.
On November 10, Xinli Financial announced the suspension notice of planning a major asset reorganization, announced the purchase of BAK Power's equity through asset replacement and issuance of shares, and announced that it will suspend trading from November 11. On the day the news was announced, Xinli Financial's share price rose by the daily limit.
Two weeks later, on November 24, Xinli Finance announced its restructuring plan, saying that it planned to sell out the equity of five companies in the financial business of Xinli Finance and put 75.62% of BAK Power into it. Xinli Financial also warned that because the company's stock price fluctuated by more than 20% in the 20 trading days before the first disclosure of this restructuring, it may be suspected, so this transaction has the risk of being suspended, suspended or cancelled.
Public information shows that half a month before the announcement of the restructuring news, that is, starting from October 25, Xinli Financial's stock price continued to rise, an increase of more than 37%, and its market value increased from 3.374 billion yuan to November. 6.876 billion yuan on the 30th. During this period, two private equity products of Shanghai Tongyi Investment Management Company, "Tongyi Kirin No. 5" and "Tongyi Kirin No. 6", suddenly bought millions of shares of Xinli Financial, becoming the ninth and No. 1 shares of Xinli Financial. Top ten tradable shareholders.
On November 25th, Xinli Financial resumed trading, and the daily limit continued in the following days. On the evening of November 28, the Shanghai Stock Exchange issued a reorganization inquiry letter regarding Xinli Finance’s proposed acquisition of 75.62% of BAK Power’s shares, requiring Xinli Finance to provide information on whether to avoid reorganization and listing, the profitability of the target company, and insider information. issues and supplementary disclosures.
The Shanghai Stock Exchange pointed out in the inquiry letter that as the acquirer, Xinli Financial’s share price rose by the limit on the day before the suspension of the restructuring, and the company’s share price rose more than 20 trading days before the disclosure of the plan. The 20% standard stipulated in Article 5 of the Notice of Party Behavior. What exactly is going on?
