Wuhan Contemporary 900 Million Yuan To Buy Anhui Huamao Group

After stepping into various fields such as medicine, chemical industry and real estate, Wuhan contemporary science and Technology Group launched again and bought 39% stake in Anhui Huamao Group with 900 million yuan to become the second largest shareholder of the group.

Yesterday, Ai Luming, the real controller of the contemporary group, said that the move was not for capital borrowing but for the prospects of the textile industry.

Become the two shareholder of Huamao

In the evening of June 2nd, Huamao shares issued a notice that the 44% stake in Huamao Group, the controlling shareholder of the company, was awarded by the joint venture of Wuhan contemporary technology industry group and Huamao Group employees.

Among them, Wuhan has a 39% stake in the contemporary era, with a price of 899 million 500 thousand yuan.

This is the second sale of Anhui Huamao Group.

As early as March 24th this year, the Anqing Municipal Commission of credit and Information Commission proposed to pfer publicly the 44% state-owned shares of Huamao Group, of which 39% state-owned shares were introduced into strategic investors by market competition, and the bidding price was 999 million yuan.

Because the price is too high, the final auction.

Since then, Huamao Group has lowered its requirements, and Wuhan contemporary group has participated in bidding and won the bid in one fell swoop.

It is understood that Huamao Group is the controlling shareholder of Huamao shares of the listed company. Its core assets are in Huamao shares.

The Anqing municipal government is the controlling shareholder of Huamao Group. After selling 44% shares, the government has 51% shares. The Wuhan contemporary group is the second largest shareholder of the group.

Optimistic about the textile industry?

Wuhan contemporary group has already set foot in many industries such as medicine, real estate and chemical industry, and owns two listed companies, namely, Fufang pharmaceutical and Dao Bo shares. As of last year, its total assets exceeded 3 billion yuan.

Huamao Group is an enterprise specializing in the textile industry. Why does the contemporary group without this industry have a big investment? There is speculation in the market that the contemporary group's move is to cultivate a listed company.

In this regard, Ai Luming yesterday in an interview with our reporter explicitly denied.

He said that investing in Huamao is entirely optimistic about the development prospects of the local textile industry.

According to the introduction, Anqing is located at the core of Anhui's "Wanjiang planning belt". In order to undertake the pfer of the coastal textile industry, Anqing decided to take the Huamao Group as the leader and build the international textile industrial city, so as to compete with the neighboring cities.

Analysis of the industry, "from the capital level to introduce strategic investors to promote industrial pfer, for Anqing, the political and economic significance is very significant."

Ai Luming said that at present, Huamao's performance is not very good, but Anqing is leading the planning of the International Textile Industrial Park.

The company believes that after undertaking the coastal industrial pfer, the inland textile industry has great room for improvement. The company is very optimistic about the prospects of the textile industry, and wants to make the industrial park the best textile garden in China.

It is reported that after the entry of the contemporary group, large funds will be produced to invest in the construction of the textile city.

In modern times, "price is high."

According to the report issued by Anhui Guoxin asset appraisal company, the net assets appraisal value of Huamao Group is 2 billion 560 million yuan, and the corresponding net asset price of 39% stake should be 1 billion yuan, which is exactly the initial price of the first pfer of Huamao Group, but the initial price of the second pfer is 899 million 500 thousand yuan.

Therefore, it was suggested that the auction was suspected of loss of state assets.

"Some people feel that the state is losing, and we still feel that the price is high."

Ai Luming said that the core assets of Huamao Group are in Huamao shares, and the group's starting prices are based on net assets rather than market value.

"The second starting price is 899 million 500 thousand yuan, about 8.8 yuan per share.

However, according to the market value of Huamao shares, there are only 7 yuan, and we think it is more than a share per share.

Ai Luming retorted.