Local state-owned assets continue to increase their holdings of Colin Electric's control right, and disputes arise again

Local state-owned assets continue to increase their holdings of Colin Electric's control right, and disputes arise again
01:56, May 18, 2024 Securities Times

   Colin Electric (603050) New progress was made in the fight for equity, and Shijiazhuang State owned Assets continued to increase their holdings.

On the evening of May 17, Colin Electric announced that it had recently received a notification letter from the shareholder Shijiazhuang State owned Capital Investment and Operation Group Co., Ltd. ("SDIC Group" for short). SDIC Group increased its holdings of 2.6797 million shares of the company through the centralized bidding system on May 16 and 17, with a shareholding change ratio of 1.18%. According to the announcement, before the shareholding increase, the shares held by SDIC accounted for 10% of the company's total share capital; After the shareholding increase, the shares held by SDIC accounted for 11.18% of the company's total equity. Colin Electric said that the change in equity would not lead to changes in the controlling shareholders and actual controllers of the company for the time being.

Since the end of March this year, SDIC Group has increased its stake in Colin Electric on a large scale. Together with Zhang Chengsuo, the actual controller of Colin Electric, SDIC Group has formed a counterweight to the acquisition of Hisense. On March 25, SDIC Group suddenly raised its brand of Colin Electric and planned to continue to increase its holdings in the next 12 months, with the proportion of increase not less than 3%. Since then, SDIC has successively bought the shares of Colin Electric through centralized bidding for many times. On the evening of April 25, Colin Electric announced that as of that day, the shareholding ratio of SDIC Group had reached 10%, and raised the board again.

In the face that SDIC Group continues to increase its shareholding through the secondary market, Hisense can issue a tender offer. On the evening of May 13, Colin Electric announced that it had recently received a summary of the tender offer report sent by Hisense. The purpose of the tender offer is to gain control of the company. According to the announcement, this tender offer is part of the offer that Hisense can make to all shareholders of Colin Electric except itself. The number of shares to be acquired by tender offer is about 45.4188 million shares, accounting for 20% of the total capital stock of Colin Electric. The tender offer price is 33 yuan/share, which is nearly 15% higher than the closing price of 28.69 yuan the previous day. It is estimated that the maximum capital required is about 1.499 billion yuan. Through this tender offer, Hisense's direct shareholding ratio will be close to 35% and the proportion of voting rights will be close to 45%. However, it remains to be confirmed whether the tender offer of Hisense Netpower will finally take effect.

The continuous increase of SDIC Group's shareholding in the wind and waves has intensified the fight for control of Colin Electric. At present, Zhang Chengsuo and three senior executives including Qiu Shiyong together hold about 17.46% of the equity of Colin Electric. If Zhang Chengsuo and SDIC enter into a consistent relationship, they will control more than 28% of the equity and voting rights of Colin Electric, Exceeding the voting rights held by Hisense Network.

(Source: Securities Times)

When the stock market recovers, open an account first! Intelligent fixed investment, condition sheet, individual stock radar... for you>>
Massive information, accurate interpretation, all in Sina Finance APP

VIP course recommendation

Loading

APP exclusive live broadcast

one / ten

Popular recommendation

Stow
 Sina Finance Official Account
Sina Finance Official Account

24-hour rolling broadcast of the latest financial information and videos, and more fans' welfare scanning QR code attention (sinafinance)

Live broadcast of stock market

  • Teletext studio
  • Video studio

7X24 hours

  • 05-24 Confluent vacuum three hundred and one thousand three hundred and ninety-two --
  • 05-21 Wanda Bearing nine hundred and twenty thousand and two twenty point seven four
  • 04-29 Ruidi Zhiqu three hundred and one thousand five hundred and ninety-six twenty-five point nine two
  • 04-25 Oulai New Material six hundred and eighty-eight thousand five hundred and thirty nine point six
  • 04-01 Hongxin Technology three hundred and one thousand five hundred and thirty-nine ten point six four
  • Sina homepage Voice Announcements Related news Back to top