Grammy 3 billion mergers and acquisitions 3 companies to invest 750 million

Last year, with the Grammy to set up a merger and acquisition fund, the recent disclosure of the revised plan, the proposed increase of 3 billion yuan to buy three environmental protection companies, of which the Department of the proposed 750 million to participate in the subscription, accounting for the issuance of the total share capital of 5.2%. The scheme shows that Grammy intends to increase the amount of RMB 12.36/share to 9 institutions including Shenzhen Middle-plant Investment Partnership (limited Partnership), and not more than 243 million shares, raising capital not exceeding 3 billion yuan. Among them, 386 million is used to acquire the remaining 49% stake in Lectra, 162 million to acquire the remaining 49% stake in DeWiglin, 195 million to buy Zhejiang's 65% stake, and 1 billion yuan to repay bank loans and 1.257 billion yuan replenishment liquidity. Among them, the Shenzhen plant subscription 60.68 million shares, accounting for the total share capital after the issuance of 5.2%. Prior to that, Grammy announced in September 2014 the joint HSBC source investment and China-plant capital together to form the establishment of Grammy environmental protection industry Mergers and Acquisitions fund, the first stage of the scale of not more than 1 billion yuan. According to the bulletin, Zhejiang Wei mainly cobalt and tungsten as raw materials, engaged in the production of cemented carbide, sales business, the Department of cobalt-nickel-tungsten industrial chain downstream enterprises; Lectra is mainly engaged in cobalt chemicals and lithium-ion battery cathode cobalt raw materials production and sales business, is China's cobalt industry and lithium-ion cathode cobalt raw materials core enterprises. According to performance commitment, three mergers and acquisitions from 2015 to 2017 the commitment to deduct the total amount of net income of 135 million yuan, 167 million yuan, 204 million yuan.