华峰化学收购控股股东2公司定价60亿 评估增值率约5倍

Core Viewpoint - Huafeng Chemical plans to acquire 100% equity of Zhejiang Huafeng Synthetic Resin Co., Ltd. and Zhejiang Huafeng Thermoplastic Polyurethane Co., Ltd. for a total transaction price of 6 billion yuan, aiming to enhance its product line and integrate its industrial chain in the polyurethane sector [1][3]. Group 1: Transaction Details - The transaction involves issuing shares and cash payments to Huafeng Group and its related parties for the acquisition of two companies [1][2]. - The transaction price for Huafeng Synthetic Resin is set at 4.04 billion yuan, while Huafeng Thermoplastic is priced at 1.96 billion yuan [1][2]. - The assessed value of Huafeng Synthetic Resin's equity is 4.044 billion yuan, reflecting a valuation increase of 506.96% compared to its book value [1][2]. - The assessed value of Huafeng Thermoplastic's equity is 1.963 billion yuan, with a valuation increase of 478.49% compared to its book value [1][2]. Group 2: Financial Performance - Huafeng Synthetic Resin is projected to generate revenues of 2.896 billion yuan in 2023 and 3.234 billion yuan in 2024, with net profits of 289.56 million yuan and 341.54 million yuan respectively [3][4]. - Huafeng Thermoplastic is expected to achieve revenues of 2.857 billion yuan in 2023 and 3.181 billion yuan in 2024, with net profits of 139.83 million yuan and 162.82 million yuan respectively [3][4]. - The financial advisor for this transaction is Guotai Junan Securities Co., Ltd., with specific project leaders assigned [4].