Hualian Comprehensive Super reveals the restructuring draft to transform the high-end aluminum industry

On the evening of January 26, Hualian Comprehensive Super announced the report on the sale of major assets and issuance of shares to purchase assets and raise matching funds and related party transactions (draft) (referred to as the draft). The draft refines and improves the transaction price, performance commitment, fund-raising projects and so on. Hualian Comprehensive Super Investment Co., Ltd. will usher in substantial progress in the placement of high-end aluminum assets.

According to the draft, Hualian Comprehensive Super intends to sell all its assets and liabilities to the controlling shareholder Beijing Hualian Group or its designated third party for 2.29 billion yuan, and to issue shares at 3.44 yuan per share to acquire 100 percent equity in Innovation Metals at a transaction price of 11.482 billion yuan. After the completion of the transaction, the controlling shareholder of the listed company will be changed to the innovation group, and the actual controller will be changed to Cui Lixin.

In addition, the company plans to raise no more than 1.5 billion yuan for non-public offering shares by way of inquiry. It is used in the innovative metal annual output of 800000 tons of high-strength and high-toughness aluminum alloy material project (phase II) and Yunnan innovation annual production of 1.2 million tons of light and high-strength aluminum alloy material project (phase II).

Hualian Comprehensive Super League is mainly engaged in supermarket retail, with stores distributed in North, East, South, Southwest, Northwest, Northeast and other regions. In recent years, due to the fierce competition in the retail industry, e-commerce, community group buying and other businesses have developed rapidly, which has brought challenges to supermarket retail. The announcement shows that through this transaction, listed companies will inject high-quality assets with strong profitability and industry leadership, fundamentally improve the operating conditions of listed companies, and enhance the sustainable profitability and development potential of listed companies. improve the company's asset quality and profitability, in order to maximize the interests of shareholders of listed companies.

According to public data, Innovation Metal was founded in 2007 and has developed into a leading enterprise in the field of aluminum alloy R & D and manufacturing. It is one of the top 500 Chinese enterprises, the top 500 Chinese manufacturing enterprises and the top 500 private enterprises in China. According to people familiar with innovative metals, the company has obvious first-mover advantages in 3C and lightweight areas, and has developed into the backbone of aluminum supply in Apple's industrial chain, the core supplier designated by Apple.

It is understood that through this transaction, Innovation Metals is expected to further broaden financing channels, help high-end, deepening strategy steadily advance, and strengthen and consolidate the company's comprehensive strength. In the future, as innovative metals increase investment in R & D, we will seize the incremental opportunities of downstream markets such as lightweight, new energy and 3C, and lay out the high value-added aluminum market.