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After injecting 100% of its McAudi Industrial and 100% of its McAudi Industrial and 100% of its McAudi real estate into the listed company for 650 million and 640 million yuan respectively in 2016 and 2018, Chen Peixin, the actual controller of McAudi , made a big deal again!
This time, Chen Peixin wants to transfer the actual control of McAudi to Jiantou Huake for 1.071 billion yuan.
On November 14, 2019, McAudi controlling shareholder McAudi , Hong Kong Xieli Bank and Jiantou Huake signed a "Share Transfer Intent Agreement". McAudi Holdings and Hong Kong Xieli Bank intend to transfer their total 28% of the shares of McAudi they hold to Jiantou Huake. After the transfer of shares is completed, Jiantou Huake will hold 28% of the company's shares, McDie Holdings will hold 23.31% of the company's shares, Jiantou Huake will become the controlling shareholder of the company, and the company's control will change.
However, after 3 months and 10 days, the plan has turned bad!
McAudi announcement that the company received a notice from shareholders McDie Holdings and Hong Kong Xieli Bank. In view of the recent changes in the market environment, McDie Holdings, Hong Kong Xieli Bank and China Construction Investment Huake signed the "Confirmation Letter on Terminating the Promotion Transaction" on February 23, 2020. After careful research and friendly negotiation, all parties to the transaction agreed to terminate the share transfer transaction in accordance with the relevant provisions of the "Share Transfer Intent Agreement". As soon as the announcement of
was released, McAudi opened at the daily limit in the early trading.
In fact, there are long-term clues to the failure of this transaction.
On January 13, 2020, McAudi announced that as of January 13, 2020, all parties have signed the "Share Transfer Intent Agreement" for 60 natural days, and China Construction Investment Huake has not completed due diligence on the situation related to the proposed transfer of shares. After consultation and determination by all parties, it was agreed that in accordance with the relevant provisions of the "Share Transfer Intent Agreement", Jiantou Huake will continue to carry out due diligence related work; the due diligence period will be extended by 60 natural days. China Construction Investment Huake shall notify McGrady Holdings and Hong Kong Associate Bank in writing whether to continue trading before the expiration of the due diligence extension period.
Since the launch of the plan to take over the McAudi on November 14, 2019, the share price of McAudi is like a rocket.
7 daily limit in 7 trading days from November 15 to 25.
As the stock price continues to rise, many directors and senior managers of , McAudi, , have also reduced their holdings, selling and selling!
December 9th McAudi 's stock price reached a maximum of 20.26 yuan per share, and then began to fall again and again.
As of February this year, the stock price of McAudi is basically around 12 yuan.
. According to the previously announced transaction plan, McDie Holdings will transfer 23.31% of the company's shares to Jiantou Huake, with the transfer price of the target shares being 7.5 yuan per share.
data shows that since its establishment, McAudi has been committed to the research, development, production and sales of epoxy insulation parts, the core component of transmission and distribution equipment. The product application scope covers multiple voltage levels such as 10kV~550kV medium voltage, high voltage, ultra-high voltage and other voltage levels and has the production technology of ultra-high voltage grade products. The company originated from a wholly foreign-owned enterprise established in Xiamen, China in 1990. It has now developed into a modern and innovative high-tech enterprise, producing and providing insulation products for equipment manufacturers in the power transmission and distribution industry. The company's controlling shareholder is Hong Kong McAudi Holdings Co., Ltd., and the actual controller Chen Peixin.
