Li Jiacheng: HK $290 Million &Nbsp; Enter Lithium Battery.

BYD creates Hong Kong stocks

The purpose of the acquisition is very clear, that is, to enter the lithium battery business.

Union Grace Holdings Limited registered in the British Virgin Islands, Hongkong lithium battery upstart - Zhong Lei Tian boss Zhong Xin Jia and Miao Zhen Guo.

As the largest black horse in Hong Kong stock market recently, Jiasheng group was just an ugly duckling.

Jiasheng group has been listed on the main board of Hongkong Stock Exchange since 1991, and its main business is to provide securities investment services.

Before last December 1st, the company's share price had been hovering around 0.1 Hong Kong dollars.

Since last December 1st, the shares of Jiasheng group began to soar. By December 22nd, the shares of the company had been suspended, and the share price had risen to HK $0.265.

In December 22nd last year, Jiasheng group announced that it would purchase the lithium yttrium battery business in the acquisition of China Poly day company, and the purchase price is expected to be HK $2 billion 750 million.

Driven by this favorable trend, the stock price continued to rise all the way after the success of Jiasheng group in December 23rd.

In January 15th this year, Jiasheng group announced that it had another important matter and suspended its business again. At that time, the company's stock price had reached HK $0.9.

After that, Jiasheng announced that it would buy all the shares of poly Lei Tian at HK $2 billion 750 million.

In addition, Jiasheng also announced that Li Jiacheng, the richest Chinese investor, became a strategic investor and invested 292 million Hong Kong dollars to get 400 million shares.

In January 26th, Jiasheng holdings rose 62% to HK $1.46.

In two months, Jiasheng holdings rose 10 times.

Zhong Xin Jia is the leading actor behind the scenes.

To promote the rise of Jiasheng holdings shares is the lithium battery business of China Poly Lei Tian.

The actual controller of Zhong Lei Tian is the new lithium battery that has emerged in recent two years.

Zhong Xinjia called himself a Chinese medicine family and also filmed "Liao Zhai".

In the 80s of last century, it switched to research power and energy.

However, despite the fact that Zhong Li's lithium battery claims to have broken the monopoly of Japan's technology, and has won many patents, and its electric vehicle projects have also invested a lot of money, the industry's doubts about Zhong Xin Li's lithium battery technology have been constant, and even the view is that Zhong Xin Jia is making money through "flicker".

In August 2009, Zhong Xin Jia invested 33 billion yuan to start the Caofeidian electric vehicle project in Tangshan, Hebei. Then Lei Tian invested 2 billion 500 million yuan in Chizhou, Anhui, plus 70 yuan to build a battery park in Changchun at the end of 2008, and accumulated more than 40 billion investment in new energy.

Although investment projects in the mainland can blossom everywhere, so far most of them are in the initial stage of construction, and there is still a long way to go.

Zhong Xin is still facing enormous burden of proof.

Superman Li Jiacheng helped

The reason why the acquisition has aroused great concern in the market is another reason for the Superman Li Jiacheng's help.

The total cost of the acquisition is HK $2 billion 750 million.

Of these, HK $100 million was cash; HK $150 million was paid by issuing new shares; HK $2 billion 490 million was issued for the issuance of 8 year zero interest convertible bonds.

It is noteworthy that Jiasheng holdings also offered 18.9% shares to 400 million shares in Li Jiacheng's rights issue, raising HK $292 million.

That is to say, the $100 million cash used by the acquisition of Jiasheng holdings will be provided by Li Jiacheng. In addition, Jiasheng holding also has the remaining HK $192 million in cash to cover the construction cost of the production facilities for battery production and replenish the company's liquidity.

Li Jiacheng's stake in Jiasheng holdings's move into the electric vehicle market has made people associate with BYD lurking BYD.

Feng Shun, a researcher at Xiangcai securities, said that the future of the electric vehicle and lithium battery market is huge, which is the main reason for the capital giants to take part in it.