On March 10, Guangdong Tianan New Materials Co., Ltd. (hereinafter referred to as "Tianan New Materials"), a listed company in Shanghai, issued an "Informative Announcement on Successful Participation in Bidding for Equity Interests in Related Companies."
The announcement shows that as of now, Tianan New Materials has been identified as the transferee of this transaction, and it will entrust a law firm, independent financial consultant, auditing and evaluation agency to conduct an investigation ofFoshan Shiwan Yingpai Ceramics Co., Ltd. (hereinafter referred to as "Shiwan Yingpai"), Heyuan Dongyuan Yingpai Ceramics Co., Ltd. (hereinafter referred to as "Dongyuan Yingpai"), Foshan Yingpai Technology Co., Ltd. Company (hereinafter referred to as "Eagle Technology") and Foshan Yingpai Ceramics Trading Co., Ltd. (hereinafter referred to as "Eagle Trading") carry out due diligence, auditing and evaluation work, and cooperate with Guangdong Eagle Ceramics Group Co., Ltd. (hereinafter referred to as "Eagle Group") signed a formal "Property Rights Transaction Contract" for this transaction at the agreed time.
The announcement disclosed the status of the assets subject to the bidding and other related matters.
Related information on the listing of the underlying assets: On December 30, 2020, Eagle Brand Group issued an announcement on the listing and transfer of the underlying assets at the Southern United Equity Exchange Center , publicly listed and bundled the transfer of 66% equity interests in each of its wholly-owned subsidiaries Shiwan Eagle, Dongyuan Eagle, Eagle Technology, and Eagle Trading. The base price for the transfer of 66% equity of Shiwan Yingpai is 384.96 million yuan, the base price for the transfer of 66% equity of Dongyuan Yingpai is 123.97 million yuan, the floor price for the transfer of 66% equity of Yingpai Technology is 8.42 million yuan, the floor price for the transfer of Yingpai Trading is 2.65 million yuan. (The total transfer price of the four companies is 520 million yuan)
Transaction bidding results: "Organization Signing Notice" confirms that Tianan New Materials is the "Shiwan Eagle Brand, Dongyuan Eagle" The transferee of the transfer project is "66% equity each of Yingpai Brand, Yingpai Technology and Yingpai Trading". The transaction method is an agreement and the transferee is at the listed minimum price. Tianan New Materials will work with the transferor Yingpai Group at the agreed time.Click to sign the Property Rights Transaction Contract for this transaction.
Transaction Remaining Authorizations, Approvals and Approvals: This transaction is subject to a number of conditions to be completed, including But it is not limited to: first, it constitutes a major asset reorganization stipulated in the "Administrative Measures for Major Asset Restructuring of Listed Companies", which still needs to fulfill the deliberation procedures and information disclosure obligations of the board of directors and shareholders' meeting, and be reviewed by the Shanghai Stock Exchange; second, obtain relevant Other possible approvals or approvals required by laws and regulations.
Tianan New Materials issued the "Informative Announcement on Participating in Bidding for the Equity of Related Companies and Composing Major Asset Reorganization" on February 1 this year, announcing its participation in the bidding for Shiwan Eagle Brand, Dongyuan Eagle Brand, and Eagle Brand under Eagle Brand Group. Each of the four subsidiaries of Science and Technology and Eagle Trade has 66% equity.
On August 17 last year (2020), Eagle Brand Group announced the transfer of 66% of the equity interests in each of its four wholly-owned subsidiaries at the Southern United Equity Exchange.
As for the purpose of Yingpai Group's move, industry insiders believe that it may be to seek listing; for both Tianan New Materials and Yingpai Group, it may also be that both parties seek synergy in the large home furnishing industry.
Zhongtaojun believes that no matter what the situation is, in the long run it will be conducive to expanding Yingpai Group's market share and increasing the concentration of the building ceramics industry.
On March 4, 2021, Hongyu Group successfully acquired Guangxi Xinzhong Ceramics for 186 million yuan;
On February 18, 2021, Jiangxi Hemei Ceramics, a subsidiary of Weimei Group, started construction of the Fengcheng Phase III expansion project with an investment of 6.18 billion yuan;
On February 7, 2021, Mona Lisa Group acquired 70% of the equity of Zhishanmeide for 651 million yuan, adding 9 new production lines;
On February 3, 2021, Hongyu Group signed an investment contract for a ceramic production project in Teng County, Guangxi, acquiring 2,600 acres of land in Teng County for 2 billion yuan and planning to build 12 production lines;
On January 6, 2021, Dongpeng Holdings announced that it plans to invest 5.08 billion yuan in the construction of Jiangxi Fengcheng Intelligent Ceramic Home Industrial Park Project;
On November 25, 2020, Nobel Group invested 5 billion yuan in Nobel high-end ceramics Wuhu productionThe base was signed and settled in Fanchang, and it is planned to build 15 high-end, intelligent building ceramic production lines and 1 TCM special building ceramic membrane production line;
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Combined with the fact that some leading ceramic companies have made frequent big moves in mergers and acquisitions, equity transfers, capital injections, etc. since 2020, the trend of substantial increase in concentration in the construction and ceramics industry is already very obvious.
Introduction to Tianan New Materials
Guangdong Tianan New Materials Co., Ltd. was established in 2000. The company is headquartered at No. 30, Xinyuan 1st Road, Geely Industrial Park, Nanzhuang Town, Chancheng District, Foshan City. It has three manufacturing bases in Foshan, Guangdong and Quanjiao, Anhui. It is a company specializing in the production of environmentally friendly high-end decorative materials and automotive interior materials. The company has independent intellectual property rights and core competitiveness, and is a national-level "high-tech enterprise", "National Torch Plan key high-tech enterprise" and "Guangdong Province Innovative Enterprise".
The company has established the "Guangdong Polymer Engineering Technology Research and Development Center" and the "Provincial Research and Development Institute", which have strong research and development capabilities in new polymer materials. The company mainly produces environmentally friendly home decoration materials and automobile interior materials. Among them, the company's independently developed environmentally friendly high-end PP films, as well as TPO automobile dashboards, door panels and other products have broken the technological monopoly of foreign companies and filled the gap in the domestic industry. The emerging decorative materials independently developed by the company for home decoration, large-scale ship decoration, and automobile interior decoration are at the domestic advanced level in terms of product research and development, market share, production scale, and product quality.
