Hunan Energy Group Co., Ltd. is issuing shares and making cash payments to acquire assets and raise supporting funds, as well as implementing related transactions.
Announcement
This announcement is made by the company and its senior management to ensure the truthfulness, accuracy, and completeness of the information disclosed in this announcement and other related documents. It does not contain any false representations or major omissions, and the company bears legal responsibilities for the authenticity, accuracy, and completeness of the information provided.
Special Notice
- In this new share issuance, the issuance price for the shares is set at 7.76 yuan/share.
- The number of new shares to be issued for cash purchase of assets is 107,196,505 shares, with the new shares being limited in circulation.
- Based on the registration with the China Securities Depository and Clearing Corporation Limited, the company will issue 107,196,505 shares, of which 107,196,505 shares will be issued under specific conditions.
- The nature of the newly issued shares is to be sold in the secondary market, and the limit on the sale of shares will be calculated from the date of the issuance.
- Upon completion of this issuance, the total number of shares of the company will increase to 571,354,787 shares, of which the total shareholding ratio of the company held by the public will exceed 10%, thus meeting the conditions stipulated by the Company Law and the Securities Law.
This document aims to provide investors with information regarding the implementation of related transactions. Investors are advised to read the full announcement regarding the issuance of shares and cash payment for asset acquisition carefully.
Summary of This Transaction
This transaction involves the issuance of shares and cash payments for asset acquisition, with the fundraising plan being established beforehand. The issuance and payment for the acquisition of assets cannot be used to solicit funds for the fundraising plan, and the company will not issue shares or make cash payments for asset acquisition without proper implementation.
Issuance of Shares for Asset Acquisition
Hunan Energy Group Co., Ltd. will issue shares and make cash payments for asset acquisition, with the company holding 90% of the shares of the copper smelting company, 90% of the shares of the clean water company, 88% of the shares of the wastewater company, and 85% of the shares of the highland company.
Fundraising
The company will not exceed 35 specific names for the fundraising plan, with the total fundraising amount not exceeding 800 million yuan. The transaction cannot exceed the issuance of shares and cash payments for asset acquisition.
Adjustment of This Transaction Plan
- The company will retain the shares of the wastewater company at 7% and adjust the shares accordingly.
- The company will adjust the transaction plan based on the shares held by the company.
Asset Valuation Situation
In this transaction, the asset valuation of the copper smelting company is 90% of the shares, the clean water company is 90% of the shares, the wastewater company is 88% of the shares, and the highland company is 85% of the shares. The valuation is based on the company's asset valuation reports and the relevant valuation methods.
2. Valuation of the Assets
In this transaction, the valuation of the assets of the copper smelting company is 90% of the shares, the clean water company is 90% of the shares, the wastewater company is 88% of the shares, and the highland company is 85% of the shares. Based on the asset valuation reports and the relevant valuation methods, the total asset valuation is 151,244.52 million yuan.