On the evening of March 31, Xinli Finance (600318) issued an announcement that the company's board of directors reviewed and approved the "Proposal on Terminating Major Asset Restructuring Matters", agreeing that the company will terminate the plan to purchase Shenzhen BAK by major asset replacement and issuance of shares to purchase assets. Power Battery Co., Ltd. (hereinafter referred to as "BAK Power") 75.6234% equity, and the raising of supporting funds (hereinafter referred to as "the transaction").
Looking back at this asset restructuring, under the background of weak growth of quasi-financial business, Xinli Finance, which is mainly engaged in financing guarantee, small loan, pawn, financial leasing, software and information technology services, urgently needs to seek business transformation and optimization. The company's existing business structure, in order to safeguard the fundamental interests of the majority of shareholders, the listed company has decided to plan this major asset restructuring.
According to the information announced by Xinli Finance in November 2021, BAK Power's main business is the research and development, production and sales of lithium-ion batteries. The company plans to quickly acquire lithium-ion battery-related product lines, customer groups and technical talents by placing its assets. , cut into the domestic lithium-ion battery industry.
Xinli Finance intends to transfer its equity in the company mainly engaged in financial services such as financing guarantee, small loan, pawn and financial leasing out of the listed company, and share the entire equity of BAK Power held by BAK Battery or Tibet Haozer. Replace the equivalent part of . The assets to be purchased include 58.48% of Derun Leasing, 100% of Dexin Guarantee, 67.50% of Dezhong Financial, 56.51% of Deshan Small Loan and 77.05% of Dehe Pawn. At the same time, it is proposed to purchase from the counterparty the difference between the transaction price of the assets to be placed and the assets to be placed out by issuing shares. After the transaction is completed, BAK Power will become a holding subsidiary of Xinli Financial.
However, 4 months after the release of the transaction plan, Xinli Finance announced the termination of the above-mentioned transaction. Xinli Finance said that since the planning of this transaction, the company has actively promoted the work of this transaction, and has conducted active consultations, repeated discussions and careful communication with relevant parties such as intermediaries and major counterparties. Since the company and the main counterparty in this transaction could not reach an agreement on some of the core transaction terms of this major asset reorganization, in order to effectively safeguard the interests of the company and the majority of investors, after friendly negotiation and careful research, the company and the main counterparty decided to terminate the planning This major asset reorganization.
However, Xinli Finance also stated that the termination of this major asset restructuring will not have a substantial impact on the company, will not have a material adverse impact on the company's production and operation activities, and will not affect the company's future development strategy. The company will continue to promote transformation and upgrading, and strive to achieve high-quality development of listed companies as soon as possible.
