Hua Rui cast steel to buy 5.4 billion assets of large shareholder

NetEase Financial April 12 News Hua Rui cast steel today announced the issuance of shares to buy assets and related trading plans, the company intends to the company's controlling shareholder Dalian Heavy Industry Group Co., Ltd., the controlling shareholder of Dalian Heavy Industrial Group Co., Ltd. issued 214 million shares, the acquisition of heavy industry ·　　Lifting Group owns the equipment manufacturing business assets and liabilities in addition to Sinovel and heavy company equity, the estimated value of target assets is about 5.45 billion yuan, the price of this issue is 25.40 yuan/share. At the same time, heavy industry and lifting group to absorb the merger of Dalian Heavy Industry Group Co., Ltd., after the completion of the merger, the Dalian Heavy Industry Group Co., Ltd. of all assets, liabilities and interests into the heavy industry, lifting group, the existing legal personality of the merger and cancellation.　　The remaining 123.2 million shares in the company's holdings of Sinovel Steel, which has been transferred to the Social Security Fund, will be changed to hold the heavy lifting group. The plan shows that before the transaction, the big heavy companies directly hold 59.81% of the company's equity, as the company's controlling shareholder. After the transfer of Social Security Fund, the big Heavy Company will hold 57.57% of the company's shares. Heavy industry and lifting Group owns 100% of the large weight company, and is the controlling shareholder of the big Heavy company.　　After the completion of this transaction, heavy industry and lifting group total holding shares of 78.81% of the company. Responsible Editor: NF058