Recently, *ST Ganhua released the acquisition report, *ST Ganhua will issue 120 million shares to Delixi Group at an issue price of 6.78 yuan/share. Delixi Group will subscribe for this non-public offering in cash. All shares. Delixi Group originally held 64 million shares of *ST Ganhua. After the completion of the acquisition, Delixi Group will hold 184 million shares, accounting for 41.55% of the total share capital, and remains its controlling shareholder.
Prior to the transaction, *ST Ganhua's main business was the sugarcane comprehensive utilization series, including sugar, pulp and paper, and biochemistry. Due to the constraints of insufficient supply of raw materials and the inability to invest sufficient funds to develop the main business, the operating performance of listed companies has shrunk year by year.
After the completion of the transaction, the company will focus on the development of LED and biochemical industries in the future. Among them, the LED epitaxial wafer production project, which is mainly implemented by Guangdong Deli Optoelectronics Co., Ltd., a wholly-owned subsidiary of *ST Ganhua, has started civil construction, and the main production equipment has been signed. Purchase contract and paid the down payment for the first batch of imported equipment.
Prior to the transaction, *ST Ganhua's main business was the sugarcane comprehensive utilization series, including sugar, pulp and paper, and biochemistry. Due to the constraints of insufficient supply of raw materials and the inability to invest sufficient funds to develop the main business, the operating performance of listed companies has shrunk year by year.
After the completion of the transaction, the company will focus on the development of LED and biochemical industries in the future. Among them, the LED epitaxial wafer production project, which is mainly implemented by Guangdong Deli Optoelectronics Co., Ltd., a wholly-owned subsidiary of *ST Ganhua, has started civil construction, and the main production equipment has been signed. Purchase contract and paid the down payment for the first batch of imported equipment.
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