Focusing on the net lighting, the long side group will not buy the remaining stock of Kang Min Sheng over 741 million

Last night (15), the Shenzhen City long Party group Limited by Share Ltd (hereinafter referred to as "the long Party group" or "company") issued a number of announcements, most of which are related to the purchase of holding subsidiary of Shenzhen Kang Mingsheng science and technology industry Limited by Share Ltd (hereinafter referred to as "Kang Ming Sheng") minority shareholders.

According to the announcement, the group is expected to purchase 35.7454% of the shares of Mr. Li Dichu, his unanimous action and Kang Mingsheng employees, in a total of 29 trading partners through payment of cash, and the stock transfer system is not higher than 15.65 yuan per share within 1 months of the date of consideration through the date of this transaction. According to the prescribed transaction method, the share of Kang Mingsheng, which is held by other shareholders of the other shareholders of the 29 shares, is not more than 8.3762%.

According to the consensus of the two parties, the estimated value of Kang Min Sheng's 100% stake is 1 billion 680 million yuan, and the price is 15.65 yuan per share, and the transaction price of 35.7454% shares is 600 million 678 thousand and 300 yuan, as well as the total value of the other shareholders not exceeding 8.3762% of the unrestricted shares of the company is not more than 141 million yuan. After the completion of this transaction, the company's holdings of Kang Min Sheng will be raised from 55.8784% to 91.6238%-100.00%, and Kang Min Sheng is still the holding subsidiary of the company.

The group said that, through this transaction, we will further optimize the upstream and downstream industrial chain of the company and deepen the synergy between the company and Kang Mingsheng. In addition, the company will further strengthen the main business, focus on "off the net lighting", continuous practice of the company "energy conservation, green lighting" concept.

The total transfer of the above-mentioned shares is not more than 741 million yuan (the end of the difference is the result of a four - house five entry). According to another announcement by the long Party group, the company intends to change the RMB 244 million yuan from the original "PPP - based lighting energy saving service" to buy some of Kang Mingsheng's equity, and the rest of the fund is self - raised in the form of M & A loans or mortgages.

It is worth noting that, at the present time, the Chang Fang Group has made two changes. According to the initial investment project plan, the company issued 100000000 shares of RMB common stock (A share) in 2016, 7.60 yuan per share, the total amount of funds raised 760000000 yuan, deducted the total issuance cost of 7311320.76 yuan, the net raised funds of RMB 752688679.24 yuan, for the PPP mode based lighting energy saving service project. And replenish the liquidity project. Subsequently, the company will "PPP mode based lighting energy-saving service project" implementation of the main body of the whole capital subsidiary of Shenzhen Qianhai Chang Fang Efficient Finance Holding Ltd to the Chang Fang Group. In addition, the "PPP mode based lighting energy saving service project" was also changed to raise funds to the "long square building construction project", with a change of 98 million 343 thousand and 100 yuan.

On the reasons for the change in the project, the Changfang group explained that the number of PPP projects was less than expected, the earnings were not as good as expected, the return cycle was long, and the company's product gross interest rate declined, leading to a decline in the competitiveness of the PPP project. The company reserved part of the funds for the "PPP mode based lighting energy-saving service project", on the one hand to meet the needs of the existing PPP projects to continue to invest, on the other hand, once found to meet the company's risk control requirements, revenue requirements of the project, the company will try to strive for.

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