The hottest acquisition of Sichuan Tianhua 12 shar

2022-07-23
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On the evening of December 11, Lutianhua announced that the company planned to purchase 9.25 million shares of Sichuan Tianhua Co., Ltd. held by Lutianhua group, accounting for 1.2% of the total share capital of Tianhua shares, with another measuring cylinder under the direct management of 18.2225 million yuan, which accounted for 1.2% of the total share capital of Tianhua shares. The net asset per share after asset evaluation on December 31, 2012 was taken as the transfer base price

Lutianhua group was established in 1995 with a registered capital of 335million yuan. Its main business scope covers the manufacturing, sales and repair of fertilizers, chemical raw materials, chemical machinery and equipment, instruments and meters, etc. Sichuan Chemical Industry Holding Group Co., Ltd. accounts for 100% of the total share capital of Lutianhua group, and orders for Lutianhua group holding China's plastic extruder enterprises have risen sharply, she said

according to the data, the latest audited net profit of Lutianhua group was -23.24 million yuan, the net asset was 116million yuan, and the operating income was 374million yuan

Tianhua Co., Ltd. was established in 1993 with a registered capital of RMB 768million. It is mainly engaged in the development, production and sales of agricultural fertilizers, chemical raw materials and chemical products. The largest shareholder of the company is Lutianhua, which holds 455million shares of Tianhua company, accounting for 59.27% of the total share capital. The ultimate substantive controller is a group company engaged in the global sales, installation and commissioning of micromillr equipment. The group company holds 347million shares of Lutianhua, accounting for 59.33% of the total share capital, and is the controlling shareholder of Lutianhua

as of December 31, 2012, the net assets of Tianhua shares were RMB 1.482 billion, the operating income was RMB 1.006 billion, and the net profit was RMB 34.0992 million

after the acquisition, Lutianhua will hold 465million shares of Tianhua, accounting for 60.47%. Sichuan Investment Group Co., Ltd. holds 80.981 million shares, accounting for 10.54%. Sichuan agricultural means of production company holds 4.9 million shares, accounting for 0.64%. China Chengda Engineering Co., Ltd. holds 3million shares, accounting for 0.39%. Other domestic investors held 126million shares, accounting for 16.41%, and other natural persons held 88.7335 million shares, accounting for 11.55%. A total of 768million shares

according to the appraisal data, the appraisal value of all shareholders' equity of Sichuan Tianhua is 1.515 billion yuan, an increase of 33.3573 million yuan over the net assets on the benchmark date, with a value-added rate of 2.25%

Lutianhua said that the acquisition of Tianhua shares could further enhance the company's control over Tianhua shares and optimize the company's equity structure. At the same time, the controlling position of state-owned shares in the company has not changed

established in 1959, Lutianhua is the first enterprise in China to use western technology to produce synthetic ammonia and urea from natural gas

Lutianhua closed at 4.58 yuan on December 11, down 0.87%

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