The price of raw sheep enters the rising channel, Delis intends to change ownership of Xinjiang Zhongtai Group

by:Desing      2021-03-30
Recently, Shandong meat products company Delisi issued an announcement stating that Zhucheng Tongluren Investment Co., Ltd., the controlling shareholder of the company, has signed a 'Share Transfer Framework Agreement' with Xinjiang Zhongtai (Group) Co., Ltd., and Tongluoren will invest in the company that it intends to hold. 145 million shares of unrestricted tradable shares (29% of the company's total share capital) were transferred to Xinjiang Zhongtai by way of agreement.
   After the completion of the share transfer, fellow investment and its concerted parties also intend to reduce their voting rights in Delis to 25% to ensure that Xinjiang Zhongtai will actually obtain control of Delis. At the same time, Xinjiang state-owned assets Wei will become the actual controller of Delis.
   Introduce the entry of major shareholders of state-owned capital, allowing Delis to directly increase the limit. Open on November 8, Delis closed at 7.70 yuan. As the price of mutton is rising and the entire meat industry is in the process of value-added, why did Delis choose to introduce state-owned capital at this time?

   However, Delis's high-profile investment in investment has also attracted the attention of the Shenzhen Stock Exchange. Regarding the above announcement, the Shenzhen Stock Exchange also sent an inquiry requesting Delis to supplement the disclosure of the main financial indicators of Xinjiang Zhongtai in the last year and period, and combine Xinjiang Zhongtai’s monetary capital and asset-liability ratio to explain its purchase of fellow travelers. The source of funds for the investment holdings, whether there is a clear fund-raising plan or arrangement at present, if so, please disclose the relevant specific information.
   The outside world is also very curious about the background of the state-owned capital introduced by Delis. A reporter from China Times learned from information that Zhongtai Group is a wholly state-owned company funded by the Xinjiang Uygur Autonomous Region People’s Government and directly supervised by the State-owned Assets Supervision and Administration Commission of the Autonomous Region. Its industries cover chemical, modern agriculture, financial trade, modern logistics and other industries and fields. Xinjiang is a state-owned company with the largest assets.
   Erdelis was established in 2003 and landed on the small and medium-sized board in 2010. It is a large-scale food franchise enterprise mainly engaged in raw sheep slaughtering, chilled meat, low-temperature meat products, and prepared food processing. It is also a national key leader in agricultural industrialization. The enterprise is one of the few domestic companies with a multi-level customer base, a reasonable market network and a perfect cold chain logistics transportation system.
   Previously, the 'Opinions on Stabilizing Sheep Production and Promoting Transformation and Upgrading' by the General Office of the State Council (Guobanfa [2019] No. 44) stated that sheep breeding is an important industry related to the national economy and the people’s livelihood, and mutton is the most important industry for most residents in my country. Meat food.
   Therefore, for this cooperation, the relevant person in charge of Delis also said in an interview with the reporter of China Times that from the regional advantages, it can be seen that as an enterprise in the eastern coastal area, Zhongtai Group is the core of the 'Belt and Road'. Regional enterprises will realize the link between the two important node enterprises in the East and the West. Through equity cooperation, Zhongtai Group will introduce Delis into Xinjiang. It can rely on the advantages of Delis sheep breeding, slaughtering and deep processing of meat products, deep processing of beef, cold chain logistics, terminal network construction and other advantages to drive Xinjiang's agriculture from food planting and feed The development of one-stop agricultural industrialization from processing, sheep and cattle breeding to sheep and beef slaughtering and processing.
  The industry believes that the cooperation between the two parties is a typical linkage between local state-owned capital and industry leaders. It will not only help Xinjiang build a modern agricultural and aquaculture industry system, but also help promote listed companies to optimize the equity structure by introducing state-owned capital. Integrate superior resources, accelerate industrial layout, and improve the industrial chain.
   I have to admit that, as a table necessity for most Chinese people, domestic production has decreased but demand is not decreasing, so we have to increase imports of lamb from the United States and the European Union.
   According to Ma Wenfeng, an agricultural analyst at Iger, most of the supply in China's sheep raising industry is provided by individual farmers, and the industry chain is extremely fragmented. There are huge uncertainties in feed safety and convenient breeding technology. Just as all industries have a trend from decentralization to concentration, sheep-raising companies with strong integration capabilities in the future can win in a fiercely competitive environment.
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