(Original title: Guangyu Development plans to buy 100% equity of Luneng New Energy)
Source: Financial World Network
Financial World Network September 6 news Guangyu Development (000537.SZ) issued an announcement stating that it intends to exchange assets and liabilities such as its own real estate and property company equity with Luneng Group and Capital Weiye Group’s 100% equity of Luneng New Energy (Group) Co., Ltd. .
As of press time, Guangyu Development reported 5.30 yuan per share, an increase of nearly 10%, with a total market value of 9.871 billion.
According to the announcement, Luneng New Energy was established on April 3, 2014. According to public information, Luneng New Energy develops and constructs wind power, solar thermal power generation, energy storage and other new energy projects in resource-rich provinces such as Qinghai, Xinjiang, Gansu, etc., with an installed capacity of 4 million kilowatts.
According to the announcement, because the counterparty Luneng Group is the controlling shareholder of Guangyu Development, Metropolis Weiye is a related party of Guangyu Development. The controlling shareholders of Luneng Group and Metropolis Weiye are China Green Development Investment Group Co., Ltd., and the actual controllers are state-owned assets of the State Council. Therefore, this transaction constitutes a connected transaction.
According to preliminary research and calculations, this transaction is expected to constitute a major asset reorganization. However, after the completion of this transaction, the controlling shareholder and actual controller of Guangyu Development will not change.
Guangyu Development is mainly engaged in the business of real estate development, commercial housing sales, property management and investment in accommodation hotels and catering hotels. According to the 2021 semi-annual report issued by Guangyu Development on August 26, the company achieved operating income of 9.90 billion yuan in the first half of the year, a year-on-year decrease of 1.89%; net profit attributable to shareholders of listed companies was 950 million yuan, a year-on-year decrease of 31.07%. As of the end of June, Guangyu Development had total assets of 79.559 billion yuan and total liabilities of 63.151 billion yuan; net assets attributable to shareholders of listed companies were 15.841 billion yuan, with a debt-to-asset ratio of 79.38%.