On the evening of September 18, Dawn Shares issued multiple announcements. The company planned to acquire 100% equity of Guangdong Modern Engineering Plastics Co., Ltd. (hereinafter referred to as "Guangdong Modern") for 97 million yuan, and also planned to use No less than 80 million yuan and no more than 100 million yuan of own cash will be used to repurchase the company's shares at a price not higher than 16 yuan per share.
According to the data, Guangdong Hyundai was established in Dawang Park, Zhaoqing High-tech Industrial Development Zone, Guangdong Province in 2002. It produces and operates various high-performance special plastic products. Its industrial layout is consistent with Dawn Shares. Therefore, with this acquisition, Dawn Shares It is also intended to optimize the company's industrial regional layout in Guangdong.
It is understood that most of Downe's downstream customers are located in Guangdong Province and its surrounding areas. Previously, the company's products were mainly supplied from northern factories, with long transportation distances and high costs. After the completion of this acquisition, Downe will be able to provide nearby supporting services to customers. .
According to disclosures, Dawn Shares has recently signed an "Equity Transfer Agreement" with HDC Hyundai EP Co., Ltd., the controlling shareholder of Guangdong Hyundai. After the completion of this acquisition, Guangdong Hyundai will become a wholly-owned subsidiary of the company and be included in the company's consolidated statements.
Dawn shares stated that the acquisition of Guangdong Hyundai will help the company optimize its industrial regional layout, enhance the company's comprehensive competitiveness, promote the company's business development, is in line with the company's strategic development plan, and will play a good role in promoting the company's long-term future development. At the same time, Dawn Shares also specifically pointed out that this transaction will use its own funds, will not affect the company's normal production and operation activities, will not have a significant impact on the company's financial and operating conditions, and will not harm the interests of the listed company and shareholders. .
In response to the repurchase plan, Dawn Shares said that based on its confidence in the company's future development prospects and recognition of the company's long-term value, in order to further improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of core personnel, and jointly promote the company's long-term development, the company has issued of this repurchase plan.
It is worth noting that Dawn Shares has recently been investigated by a number of investment institutions, and the company’s relevant person in charge has provided answers on the progress of multiple projects. According to reports, at present, the company's Qingdao Haina 120,000-ton polymer material project has begun production, the PBAT and Chongqing polymer projects are advancing as planned, the 50,000-ton TPV elastomer project is under construction as planned, and the second phase of hydrogenated nitrile HNBR is under construction , copolyester products have started to be sold, and new projects are under planning and construction.
In addition, Dawn's copolyester material project to fill the domestic gap has achieved small-scale mass production and is expected to achieve sales of 500 tons by the end of this year. Tian Hongchi, general manager of Dawn Co., Ltd., introduced that high-temperature polyester PCT and copolyester PETG/PCTG products are polymer materials at the top of the pyramid. The localization rate of my country's PCT and PETG/PCTG markets is low, there is a gap between supply and demand, and there is relatively little room for localization development. big.
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