Hillhouse Capital wants to spend 16 billion to take a 6% stake in Longji stock

Original caption: Hillhouse Capital wants to spend 16 billion to win 6% of Longji shares

famousinvestmentHillhouse Capital has returned to the A-share market, this time focusing on the photovoltaic giantLongji Actions(601012). On the afternoon of December 20Longji ActionslaunchingadSaid,the companyBigshareholderLi Chunan intends to transfer 226 million shares of the company he owns to Hillhouse CapitalShare, Company accountsTotal equity6% of the previous share transferpriceIt is 70 yuan per share, and the total consideration for the transaction is approximately 15.841 million yuan.

　　Longji ActionsHe said the company receivedshareholderLi Chunan reported that Li Chunan and Hillhouse Capital signed the “Share Transfer Agreement” on the same day, and Li Chunan intends to approveAssignment by agreementWay, to Hillhouse Capital (using “Hillhouse CapitaladministrationLimited liability company-Chinese valuebackground(Exchange) “) transferred 226 million shares of the company in its possession, which represents 6% of the total share capital of the company.

After the unanimous agreement of both parties in the transaction, the above-mentioned capital transfer price is 70 yuan per share, and the total consideration for the transaction is approximately 15.841 million yuan. As of the end of December 18, the last closing price of Longji’s shares was 77.65 yuan per share. After calculation, Hillhouse CapitalAssigneeThe discount is almost 10%.

Hillhouse Capital is understood to have frequently scanned A shares this year, showing up one after another inHealth yuan、National porcelain materials、GlodonOn the fixed increase list of many stocks, pharmaceutical stocks are preferred. Regarding the reasons for the capital transfer, Hillhouse Capital stated that based on its confidence in the sustainable and stable development of LONGi shares in the future and the recognition of the value of LONGi shares, it intends to obtain shares of the shares. of LONGi through this capital change in order to obtain income from stock appreciation. There is no specific plan to increase the participation of listed companies in the next 12 months.

This timeCapital transferFang Li Chunan is the main shareholder of LONGi, and he is also a concerted person of LONGi’s royal controllers Li Zhenguo and Li Xiyan. The data shows that at the end of the first three quarters of this year, Li Chunan owned 10.55 percent of Longji’s shares and was the second largest shareholder in listed companies, second only to Li Zhenguo. Li Chunan said that the capital transfer was due to his own financial arrangements.

It should be noted that before this large-scale capital transfer, Li Chunan has recently begun to reduce its holdings of Longji shares, which will be through centralized bidding on the Shanghai Stock Exchange from December 7 to 14.Trading systemCumulatively reduced its holdings of 813,700 shares of listed companies, which represent 0.02% of the total share capital of listed companies; passed the Shanghai Stock Exchange on December 10, 15 and 16Large transactionsThe system has reduced its participation by 42,492 million shares of listed companies, which represent 1.13% of the total share capital of listed companies.

Through various reductions and the aforementioned capital transfers, Li Chunan’s stake has been reduced from 10.55 to 3.4%. According to this participation relationship, Li Chunan will retire Longji’s fifth-largest shareholder. In response to related questions, a reporter from the Beijing Commercial Daily called Longi’s board of directors’ office for an interview, but no one responded to the call.

Longi actions carried out in the first three quarters of this yearOperating incomeAbout 33.8 billion yuan,Year with yearIncreased by 49.08%; corresponding to realization of attributionNet profitAbout 6.36 billion yuan, an increase of 82.44% year-on-year.PerformanceWith the blessing, Longi’s share price has also increased dramatically this year.Oriental wealthdataStatisticsIn the 138 business days from May 29 to December 18 of this year, LONGi’s accumulated increase in the range of companies reached 151.7% and the market rose 19.28% during the same period.

(Source: Beijing Commercial Daily)

(Editor in charge: DF353)