The battle for equity in Yajiang County Snowway Mining Development Co., Ltd. (hereinafter referred to as “Snowway”) will continue.
At 1:00 p.m. on December 1st, the fourth round of auction of Snowway’s 54.2857% equity was officially launched. Compared with the dozens of bids in the previous rounds of auctions, there were only three bids in this round. At 16:07 p.m., bidder V3074 Directly quoted a capped price of 1 billion yuan, which hit a circuit breaker and pushed Snowway’s equity auction to the fifth round.
“King Ning” temporarily ranked first
As early as November 25th, after the restart of Snowway’s second auction, the first round hit the 400 million yuan ceiling price in just 22 minutes. On the 27th, the second round hit the 600 million yuan ceiling price circuit breaker again, and the third round touched the 800 million yuan ceiling price circuit breaker after 7 rounds of quotations.
Although it is temporarily impossible to know the identity of the bidder, no matter who it is, with the entry of the Ningde era , it is not easy to successfully win the control of Snowway.
On November 28, the administrator of Snowway announced that its first candidate for restructuring investor was determined to be Ningde Times (300750.SZ), and the second candidate for restructuring investor was GCL Nengke ( 002015.SZ).
After the Ningde era became the first candidate for the reorganization investor of Snowway, the ownership of Snowway Mining’s 54.2857% equity has also attracted more market attention. Regarding whether to participate in this round of bidding for Snowwell Mining, on November 29, the relevant person in charge of Ningde Times replied to the Times Weekly reporter: “We will continue to pay close attention to the development of the industry, and there is no more information to share at present.”
Regarding the intervention in Snowway’s reorganization, Ningde Times stated that this move will help Ningde Times to make a comprehensive layout of the main upstream resources, further enhance the supply chain guarantee capability, and improve the strategic layout of the industrial chain.
GCL Nengke, which previously announced in a high-profile manner that it has participated in the bankruptcy and reorganization of Snowway, is still quite confident in the competition for Snowway’s equity.
“The company already owns 45.71% of the equity reserves of Snowway, and is expected to contribute 98.395 billion yuan in revenue and 39.883 billion yuan in profits. This part of the equity will not be affected.” A related person from GCL Energy said.
According to GCL Nengke, if the company can independently complete the bankruptcy and reorganization of Snowway, it will have a huge synergy effect on the current business. At present, distributed photovoltaic storage has become a trend. At present, many provinces in the country have put forward clear requirements on the scale of distributed power generation and energy storage. Taking Zaozhuang, Shandong as an example, it requires distributed photovoltaic projects to be 15% to 30% of the installed capacity. , It takes 2 to 4 hours to configure energy storage facilities, or rent shared energy storage facilities of the same capacity. After taking Snowway, the company can also form a self-supply of lithium resources for energy storage batteries, which will also form a greater synergy for its own power generation industry .
“Even if Snowwell’s bankruptcy reorganization is completed under the leadership of the Ningde era, it will still be beneficial to the company to a certain extent.”
GCL Nengke further stated: “GCL Group and CATL itself have multiple strategic cooperation agreements, and they have cooperated in heavy truck battery replacement and energy storage, which will not adversely affect the company; secondly, the entry of CATL can Reducing the company’s initial asset investment to a large extent will speed up the mining progress of De Trangba.”
Shengxin Lithium Energy “trapped” letter of concern
Compared with the “friendly” cooperative relationship between GCL Nengke and Ningde Times, Shengxin Lithium Energy (002240) has fallen into crisis because of the equity competition for Snowway.
Received a letter of concern from the Shenzhen Stock Exchange for announcing participation in the auction of the equity of Snowway Mining Development Co., Ltd. (hereinafter referred to as “Snowway”). In this letter of concern, the supervision paid great attention to the capital issues of Shengxin Lithium Energy, including the maximum amount of risk exposure, the rationality and fairness of the determination of the upper limit of the bidding price, etc.
Not only that, Tianhua Chaojing (300390), which also participated in the auction of Snowway’s 54.2857% equity, seems to be a “good brother” of the Ningde era, and its relationship with the Ningde era is also extraordinary.
On November 30, industry insiders who have long been concerned about the lithium industry said in an interview with a reporter from Times Weekly that Tianyi Lithium , a subsidiary of Tianhua Super Clean, participated in the equity auction of Snowwell, and CATL held 25% of the shares. . On the other hand, Tianhua Super Clean and Ningde Times have mutual shareholding and joint development of lithium mine projects.
In addition, behind Shengxin Lithium Energy is Shengtun Group, and GCL Nengke’s joint stock companies have acquired 45.71% of the equity of Snowway Company, and GCL Nengke’s total debt amount of Snowway Company is 1.071 billion yuan .
“On the surface, Tianhua Super Clean, GCL Nengke, Ningde Times and Shengxin Lithium Energy jointly participated in the Snowway auction. Big capitals compete, but it is impossible to judge whether it is a single party to encircle or suppress.”
The person further pointed out: “Dangers and opportunities exist at the same time in the deployment of Snowway. Whether Shengxin Lithium Energy will continue to deploy or not depends on the company’s evaluation and the necessity of deploying Snowway. At the same time, it must compete with several major capitals Only by looking at the strength of the group can we judge whether it can successfully deploy.”
This article is from the WeChat public account “Times Weekly” (ID: timeweekly) , author: Xin Qiqi, 36 Krypton is authorized to publish.
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