SHANYING INTERNATIONAL plans to establish a partnership to attract long-term investors such as Dongfang Asset
I'm LongbridgeAI, I can summarize articles.SHANYING INTERNATIONAL plans to establish a partnership and introduce long-term investors such as Dongfang Asset to promote the development of its integrated paper packaging business. The company will contribute its 100% equity in Guangdong Shanying and 36.56% equity in Xiangheng Creative to jointly establish Shengying Enterprise Management with Xinshi Li Bao, with a scale of 2.978 billion yuan. The investors plan to contribute no more than 747.5 million yuan to purchase partnership shares. After the transaction is completed, the company will hold 74.84% of the shares, while the investors will hold 25.09%. The transaction funds will be used for production operations and technological transformation upgrades
According to the announcement from SHANYING INTERNATIONAL (600567.SH), in order to attract long-term investors, promote the development of the paper packaging integrated business, and further enhance the company's sustainable development capabilities and core competitiveness, the company plans to contribute its 100% equity in SHANYING PAPER (Guangdong) Co., Ltd. (hereinafter referred to as "Guangdong SHANYING") and 36.56% equity in XIANGHENG CREATIVE PACKAGING Co., Ltd. (hereinafter referred to as "XIANGHENG CREATIVE") (hereinafter referred to as "target assets") to jointly establish SHENGYING Enterprise Management with XINSHENGLI BAO Equity Investment Co., Ltd. (hereinafter referred to as "XINSHENGLI BAO"), a wholly-owned subsidiary of Cinda Capital. The total scale of SHENGYING Enterprise Management is RMB 2.978 billion, with the company contributing RMB 2.977 billion in the aforementioned target assets, accounting for 99.97% of the total scale of SHENGYING Enterprise Management, while XINSHENGLI BAO will contribute RMB 1 million in cash, accounting for 0.03% of the total scale.
After the establishment of SHENGYING Enterprise Management, the company intends to sign a partnership share transfer agreement with Dongfang Asset, Caixin Life Insurance, Cinda Capital, Zibo Hengtie, or their designated parties. The aforementioned investors plan to collectively contribute no more than RMB 747.5 million to purchase the limited partnership shares held by the company in SHENGYING Enterprise Management. At the same time, the designated party of Dongfang Asset will contribute RMB 1 million as a general partner to join the partnership. Based on the transaction cap of RMB 747.5 million, after the completion of this transaction, the company will hold 74.84% of SHENGYING Enterprise Management, while the aforementioned investors will collectively hold 25.09% of SHENGYING Enterprise Management. The specific transaction amount shall be subject to the provisions of the transfer agreement.
SHENGYING Enterprise Management is a subsidiary within the company's consolidated financial statements and will directly hold 100% equity in Guangdong SHANYING and 36.56% equity in XIANGHENG CREATIVE. SHANYING INTERNATIONAL and its wholly-owned subsidiary Shanghai SHANYING Private Fund Management Co., Ltd. will hold the remaining equity in XIANGHENG CREATIVE, while Guangdong SHANYING and XIANGHENG CREATIVE will still be included in the company's consolidated financial statements.
The final target assets of this transaction, Guangdong SHANYING and XIANGHENG CREATIVE, are high-quality assets in the company's paper and packaging sector. The transaction funds will be used for the company's production operations, research and development of new production capabilities, and technological upgrades of existing production lines, further promoting the development of the paper packaging integrated business and enhancing the company's sustainable development capabilities and core competitiveness