On July 4th, Hengli Petrochemical, a listed A-share company, announced that it plans to spin off its subsidiary Kanghui New Material Technology Co., Ltd. (hereinafter referred to as “Kanghui New Material”). All shareholders of New Materials issued shares to purchase 100% of the shares of Kanghui New Materials held by them in total, thereby realizing the spin-off of Kanghui New Materials, the reorganization and listing of Hengli Petrochemical.
After friendly negotiation between all parties, the issue price for purchasing assets by issuing shares was finally determined to be 4.42 yuan per share, not lower than 80% of the market reference price. The average price of stock transactions in the 120 trading days before the announcement date was selected as the market reference price for the purchase of assets through the issuance of shares.
After the completion of this transaction, Dalian Thermoelectricity will become the controlling shareholder of Kanghui New Materials, and Hengli Petrochemical will become the controlling shareholder of Dalian Thermoelectricity. So far, domestic listed companies in the field of new materials are expected to usher in heavyweight players.
Kanghui New Materials is a national high-tech enterprise dedicated to building the world’s leading high-end, differentiated, green and environmentally friendly functional film materials, high-performance engineering plastics and biodegradable materials. It is also one of the few in the world that has BOPET functions Manufacturer of film and lithium battery diaphragm development capabilities.
Kanghui New Materials has built four major production and research bases in Yingkou, Dalian, Suzhou and Nantong across the north and south. It has a complete and complete production capacity structure of the whole industry chain, and actively targets the downstream industries generated by the integration and development of new consumption, new energy and new smart manufacturing in my country. New material application needs, accelerate the expansion of the mid-to-high-end new material market under advanced manufacturing and consumption scenarios, and promote high-addition materials including functional optical films, process release protective films, lithium battery separators, composite current collector base films, and photovoltaic backplane base films. Major project construction of value products and production capacity layout of advanced products.
In 2022, affected by the economic situation at home and abroad, the performance of Kanghui New Materials will fluctuate. In 2023, with the continued decline in crude oil prices, consumption recovery and strong support from national economic policies, profitability is recovering and improving. With Suzhou Fenhu Project and Nantong Project being put into production, Kanghui New Materials will cover the entire business process from upstream raw materials to midstream films and plastics to downstream coating, modification and other deep processing links, with leading technology, the entire industry chain and Integrated comprehensive competitive advantage.
This spin-off, reorganization and listing will not only make the main business structure of Hengli Petrochemical and Kanghui New Materials clearer, but also help Hengli Petrochemical and Kanghui New Materials to respond to the market environment more quickly and reduce the impact of diversified operations. negative impact. Hengli Petrochemical and Kanghui New Materials focus on their respective main businesses, which can promote the balanced development of different businesses in the listed company system.
After the spin-off and listing, Kanghui New Materials will realize direct connection with the capital market, give full play to the functions and advantages of direct financing in the capital market, focus on the layout of differentiated functional film materials, and focus on “four major application areas”: electronic and electrical fields, optics field, new energy field and ultra-thin application field. Relying on the process experience accumulated in the industry for more than ten years, its own synthesis technology and independent research and development capabilities, Kanghui New Materials has overcome various technical difficulties. film, environmentally friendly RPET base film, composite current collector base film, lithium battery process protection film, base film for photosensitive dry film, ultra-thin capacitive film and PBS biodegradable materials and other fields to break through foreign technical barriers and continue to solve the problems in the field of new materials The problem of “stuck neck” has the industry’s first-class core competitiveness and industrial development strength. To become a platform enterprise for the development of functional membrane materials and biodegradable materials with the largest production capacity and leading technology in the world.
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