Stock speculation to see Jin Kirin analyst research report, authoritative, professional, timely, comprehensive, to help you tap the potential of the theme opportunity!
Ye Lingzhen, a reporter from the Securities Times
On the evening of April 26, Jiangxi Copper issued an announcement that the company had made the purchase of Hengbang shares due to non-performance.MinercryptogameThe promise to avoid inter-industry competition was ordered by Shandong Securities Regulatory Bureau to take corrective administrative supervision measures.
Back in March 2019, Jiangxi Copper signed a "share transfer Agreement" with Hengbang Group, Mr. Wang Xinen, the former controlling shareholder of Hengbang shares.Minercryptogame.9 yuan per share of the listed company held by the latter 2Minercryptogame.7.3 billion shares (29.99% of the total share capital), with a transaction value of 2.976 billion yuan. In June of that year, Jiangxi Copper completed the registration procedures for equity transfer with the aforementioned shareholders and formally took ownership of Hengbang shares.
Jiangxi Copper and Hengbang both belong to the non-ferrous metal smelting and Calendering industry. Jiangxi Copper and its controlling shareholders and Hengbang shares have business intersection in copper, gold and other metal varieties, and there is a certain degree of inter-industry competition. Jiangxi Copper said that after gaining control of Hengbang shares, it would use the latter as a platform for the development of the group's future gold sector and inject high-quality gold sector assets of itself and its controlling shareholders into listed companies. in order to regulate the inter-industry competition with Hengbang shares.
In March 2019, Jiangxi Copper issued a commitment to avoid inter-industry competition, promising to integrate the development direction of various enterprises according to the main business development characteristics of the controlled enterprises within 60 months after becoming the controlling shareholder of Hengbang shareholds. make every reasonable effort to solve the business that competes or potentially competes with Hengbang shares and its subordinate enterprises. In June 2020, Jiangxi Copper further promised that within 60 months from March 2019, the reserves of its subsidiary Jiangxi gold deposit would be put on record with the Ministry of Natural Resources, and obtain a mining license (Gold Kirin analyst) certificate, production safety license and other certificates, and start the transfer of its Jiangxi gold rights to Hengbang shares within 12 months after meeting the mining conditions. Up to now, the five-year period has passed and Jiangxi Copper has not fulfilled the above-mentioned commitments.
In the second half of last year, in a number of institutional surveys, some institutions asked Hengbang about the progress of Jiangxi Copper's asset injection. According to the reply caliber at that time, the Shiwu Gold Mine, which is owned by Jiangxi Gold, has completed the reserve record of 6.334 million tons of gold ore and 2.84kg of metal. at present, the exploration right of the Shiwu Gold Mine is owned by the Jiangxi Geological Bureau. Due to the structural adjustment of the geological department of Jiangxi Province, the transfer of Shiwu Gold Mine has been delayed. At present, the "Audit report on completion and settlement of the Exploration Project of Shiwu Gold Mine in Dexing City, Jiangxi Province" has been submitted to Jiangxi Geological Bureau, waiting for Jiangxi Geological Bureau to confirm the audit results.MinercryptogameAfter interviews with relevant personnel of Jiangxi Copper Industry, Jiangxi Gold and Jiangxi Geological Bureau, after Jiangxi Gold has obtained 100% interest in Shiwu Gold Mine, Jiangxi Gold will complete the processing of mining warrants of Shiwu Gold Mine.
In terms of performance, Hengbang shares have performed quite steadily since Jiangxi Copper took over. In 2023, the company achieved revenue of 65.577 billion yuan, up 31.03% from the same period last year; net profit was 516 million yuan, up 3.33% from the same period last year; revenue and net profit in the first quarter of this year were 20.808 billion yuan and 141 million yuan respectively, up 24.98% and 14.82% respectively over the same period last year.