筹划半年的重大资产重组终止 滨海能源“负极材料+尼龙新材料”双主业蓝图搁浅

Core Viewpoint - Binhai Energy has officially terminated its major restructuring plan aimed at acquiring 100% of Cangzhou Xuyang Chemical Co., which was intended to alleviate profitability pressures in its lithium battery anode materials business and establish a dual business model of "anode materials + nylon new materials" [2][10]. Group 1: Restructuring Plan Details - On November 14, Binhai Energy's board approved the termination of the proposal to issue shares for asset acquisition and related fundraising [2][3]. - The restructuring process began on April 30, 2025, with the company announcing plans to acquire Cangzhou Xuyang and raise funds through a private placement [7]. - The acquisition was expected to significantly alter Binhai Energy's shareholder structure, changing the controlling shareholder from Xuyang Holdings to Xuyang Group, although the actual controller would remain the same [8]. Group 2: Reasons for Termination - The termination was attributed to changes in the market environment and the inability of the parties involved to reach an agreement on commercial terms [9]. - Binhai Energy's motivation for the acquisition stemmed from ongoing profitability pressures in its main business of lithium battery anode materials, which has faced increased competition [9][10]. Group 3: Future Outlook - Despite the termination of the restructuring, Binhai Energy stated that its current operations remain normal and will not be significantly adversely affected [11]. - The company is focusing on expanding its anode materials market, developing a 200,000-ton integrated anode materials project, and researching new anode materials [11].