China Fund News reporter Wenyan
On the evening of October 9, Huayang International announced that Tang Chongwu, the controlling shareholder and actual controller of the company, and his concerted actors planned to transfer a total of 10.02% of the shares to two private placements, and each private placement planned to transfer 5.01% of the shares.
The two private placements plan to raise their cards at a discount
According to the announcement of Huayang International, Tang Chongwu and Xu Huafang, who acted in concert, planned to transfer 5.01% of the shares to Shanghai Gaoyi Private Equity Fund Management Co., Ltd. (on behalf of Gaoyi Heming No. 1 Private Securities Investment Fund) (hereinafter referred to as Gaoyi Heming).
At the same time, Tang Chongwu and his concerted actors, Huai'an Zhongtian Enterprise Management Partnership and Huai'an Xutian Enterprise Management Partnership, intend to transfer 5.01% of the shares to Shanghai Zicheng Private Equity Fund Management Co., Ltd. (on behalf of Zicheng Jiasheng Private Securities Investment Fund) (hereinafter referred to as Zicheng Jiasheng).
The total transfer price of the above shares is about 204 million yuan, and the agreed transfer price is 10.386 yuan per share. Huayang International announced that the agreed transfer price was calculated at 90% of the company's closing price (11.54 yuan per share) on September 30.
However, compared with the closing price on September 30, the current share price of Huayang International has increased. As of the close of trading on October 9, Huayang International's share price was 13.08 yuan per share, with a total market value of 2.564 billion yuan.
In this conversion, the discount to the transfer price of the above-mentioned share agreement is 20.60%.
Optimistic about the development prospects of listed companies
The above two private placements both said that the transfer of part of the shares of Huayang International is based on the full recognition of its development prospects and long-term investment value.
According to public information, Huayang International is a design technology enterprise with design and R&D as the leader and prefabricated buildings and BIM (Building Information Modeling) as the core technologies, and was listed on the Shenzhen Stock Exchange in 2019.
In the first half of 2024, Huayang International's operating income will be 520 million yuan, a year-on-year decrease of 26.29%; The net profit attributable to the parent company was 59.2324 million yuan, a year-on-year decrease of 15.50%.
In contrast, Tang Chongwu and his concerted actors intend to transfer 10.02% of Huayang International's shares by agreement due to their own capital needs.
It can be seen from the query that Huai'an Zhongtian Enterprise Management Partnership and Huai'an Xutian Enterprise Management Partnership have launched a number of centralized bidding reductions from October 31, 2022 to April 19, 2024, due to the capital needs of their partnerships.
According to market analysts, the shareholders of listed companies may transfer their shares to private equity by agreement, perhaps in the hope of obtaining more financial support, so as to achieve corporate financing, optimizing the equity structure and other purposes, or they have their own capital needs, and the agreement to transfer shares has less impact on the stock price of listed companies.
Editor: Joey
Review: Chen Siyang