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Dongmu New Materials Group Co., Ltd. 2024 Annual Report
Summary of the 2024 Annual Report of Dongmu New Materials Group Co., Ltd.
NBTM New Materials Group Co., Ltd.'s (SHSE:600114) Stock Is Going Strong: Have Financials A Role To Play?
NBTM New Materials Group's full control of Shanghai Fuchi is changing. Shenzhen Yuanzhi "refuses to exit"? | Quick reading of the announcement.
① Compared to the previous announcement, NBTM New Materials Group's acquisition this time has reduced the shareholding ratio by 15%, indicating that its plan to fully control Shanghai Fuchi has faced obstacles; ② Currently, the valuation of 100% equity of Shanghai Fuchi is approximately 1.35 billion yuan, a decrease of 0.25 billion yuan compared to the valuation in September 2023; ③ According to the capital increase agreement at that time, if qualification listing is not completed within 5 years, Shanghai Fuchi should pay back the repurchase price to Yuanzhi Xinghuo in cash.
NBTM New Materials Group (600114.SH): plans to acquire 20.75% equity of Shanghai Fuchi, resuming trading from March 11.
On March 10, Gelonghui reported that NBTM New Materials Group (600114.SH) announced its intention to purchase a total of 20.75% equity in Shanghai Fuchi from four trading parties: Zhong Wei, Chuangjing Investment, Ningbo Huaguan, and Ningbo Fujing, through the issuance of shares and payment in Cash / Money Market. As of the signing date of this summary plan, the audit and evaluation work of the symbol has not been completed, and the specific transaction price for this Trade has not yet been determined. The symbol, as an important holding subsidiary for the listed company developing MIM Business, possesses a complete business system for R&D, product design, advanced production processes, and large-scale production, developed through years of innovation and growth.
NBTM New Materials Group aims to fully control Shanghai Fuchi MIM New Materials technology platform, which has become an important growth engine for the company. | Read the announcement.
① NBTM New Materials Group intends to plan to acquire 35.75% of the shares of Shanghai Fuchi by issuing shares and paying cash, while also planning to issue shares to raise matching funds; ② NBTM New Materials Group will establish Shanghai Fuchi as the R&D center, marketing center, and high value-added product production base for MIM, with the main business revenue of the MIM New Materials technology platform expected to grow by more than 85% year-on-year in 2024.
Earnings Tell The Story For NBTM New Materials Group Co., Ltd. (SHSE:600114) As Its Stock Soars 30%
