Fosun International Co., Ltd. (Fosun International) announced that Nanjing Iron and Steel Group (Nangang Group) exercises priority to purchase rights to acquire Nanjing Nanyang Iron and Steel United Co., Ltd.Steel Group signed a new equity transfer agreement and will terminate the previous transactions with Jiangsu Steel Group on Nanjing Nangang Group.
According to the surging news report, Fosun International Sunday (April 2) issued an announcement saying that it will be terminated with Shagang Group and Shagang to sell Nanjing Nangang, which will sell Nanjing Nanyang to Nanyang Group.
Fosun International issued an announcement on March 14th that Shagang Group (as a buyer) and Fosun Hi -Tech, Fosun Investment and Fosun Gongfa (as the seller, both are Auxiliary Company of Fosun International) Signing an equity transfer agreement, the seller sold 60%of Nanjing Nangang's equity at a price of 13.58 billion yuan (RMB, the same below, the same, S $ 2.637 billion).
Fosun International said that on the same day, it also issued a priority to purchase right to consult with Nanjing Nanda Group (holding 40%equity of Nanjing Nangang).Within 30 days, do you exercise a letter of return.According to the company law, under the same conditions, Nanda Group has the right to subscribe for priority.
According to the announcement issued by Fosun International Week, dueThe transfer agreement will sell the 60%stake in Nanjing Nanda Steel, and will also terminate the transaction with the Shagang Group on Nanjing Nangang.
The price of the new selling agreement is still 13.58 billion yuan (the same as the announcement of the sale price to the Shagang Group on March 14) and the sum of the cost of related funds.
In terms of capital costs, according to Fosang's framework agreement with Shagang Group, Shagang Group has paid two 4 billion yuan sincerity gold on October 14, 2022 and October 17, 2022., Total 8 billion yuan.After the signing of the new stock transfer agreement, Fosun needs to pay relevant interest to the Shagang Group to terminate the previous equity transfer agreement. Therefore, Nangang Group agrees to pay the relevant interest of two sincere money.
According to the announcement of Fosun International, the total amount that Nanda Group should pay a total of about 13.879 billion yuan is paid in three times.
As of the above announcement date, Nanjing Nangang is a joint venture in Fosun International. It is mainly engaged in investment holding. It directly and indirectly hold 59.1%of Nanjing Iron and Steel Co., Ltd. (Nangang Steel Co., Ltd.).Nangang Steel is listed on the Shanghai Stock Exchange. It is mainly engaged in steel manufacturing and sales, and has an annual production capacity of 10 million tons of steel.
