Volkswagen Holding Guoxuan Hi-Tech -Lithium - Ion Battery Equipment

Volkswagen Holding Guoxuan Hi-Tech -Lithium - Ion Battery Equipment

Although joint ventures and cooperation, shareholding and holding are common in the industry, Volkswagen's Guoxuan Hi-Tech has received high attention.

On December 15, according to the announcement of Guoxuan Hi-Tech, the non-public issuance of shares to a specific target Volkswagen my country has completed the registration of new shares and listed on the same day. After the issuance, the number of shares held by Volkswagen my country in Guoxuan Hi-Tech increased to 441 million shares, and the shareholding ratio increased to 26.47%, becoming the largest shareholder of Guoxuan Hi-Tech. This also marks the final landing of Guoxuan Hi-Tech's introduction of Volkswagen's strategic investment in my country since last year.(Lithium - Ion Battery Equipment)

How Volkswagen achieves holding

According to the "Non-public Issuance of Shares Issuance Report and Listing Notice" issued by Guoxuan Hi-Tech, the number of non-publicly issued shares this time is 384 million shares, which does not exceed 30% of the company's total share capital before the issuance. The total amount of funds raised was 7.303 billion yuan, and the net amount of funds raised after deducting issuance expenses was 7.231 billion yuan.

"Judging from the current situation, although Guoxuan Hi-Tech's original largest shareholder and chairman Li Zhen and his concerted action person's shareholding in Guoxuan Hi-Tech has dropped to 18.17%, becoming the company's second largest shareholder, Volkswagen my country has previously made Promise that in order to ensure the steady development of Guoxuan Hi-Tech, at least in the next three years, Volkswagen my country will give up part of the voting rights of Guoxuan Hi-Tech that it owns, so that Li Zhen and his concerted actors will still hold the largest voting rights of Guoxuan Hi-Tech. Shareholders.” Yang Yongnian, an analyst at China Merchants Securities, told a reporter from my country Auto News that the fixed increase began in May last year. At that time, Guoxuan Hi-Tech announced that the company planned to introduce strategic investor Volkswagen in my country, which is divided into Volkswagen my country's transfer of equity and participation in fixed increase are implemented in two steps. Up to now, this fixed increase has been fully completed, and Volkswagen my country has acquired a total of 8.709 billion yuan for the transfer of equity and subscription for the fixed increase, realizing the holding of Guoxuan Hi-Tech.

"In the domestic power lithium-ion battery industry, there are two giants CATL and BYD competing for hegemony, while Guoxuan Hi-Tech's ranking has always hovered between third and sixth." Lu Ancheng, a researcher at Zhejiang New Energy Technology Application Research Institute In an interview, a reporter from Auto News said that as early as early 2020, there were rumors of holding hands between Guoxuan Hi-Tech and Volkswagen. Until May 28, 2021, when Guoxuan Hi-Tech announced the announcement, the cooperation between the two parties surfaced. Now that the funds are in place, the future progress and effects of the cooperation still need time to verify.




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