海亮股份搁置投资入股金龙集团 因外部形势变化未达成监管共识

Core Viewpoint - Hailiang Co., Ltd. has decided to suspend its planned investment in Jinlong Precision Copper Tube Group Co., Ltd. due to significant changes in external circumstances and failure to reach a consensus on regulatory requirements [1][3] Group 1: Investment Suspension - The decision to suspend the acquisition was made by the board of directors to avoid uncertainty risks after multiple communications failed to align on regulatory matters [1][3] - The investment discussions began in late 2024, with a formal framework agreement announced on December 30, 2024, where Hailiang intended to acquire shares from Chongqing Wanzhou Economic and Technological Development Group Co., Ltd. [1][2] Group 2: Historical Context - This is not the first attempt at collaboration between the two companies; in 2015, Hailiang planned to acquire 100% of Jinlong for 3.25 billion yuan, which was terminated in 2016 due to unresolved issues related to non-operating fund occupation [2] - The current approach of seeking a minority stake rather than full acquisition is seen as a strategy to mitigate historical risks and explore compliant collaboration paths [2] Group 3: Industry Background - Jinlong Group is a leading player in the precision copper tube sector, recognized as a champion enterprise in specific product categories, with operations in high-end fields such as new energy drive motors and integrated circuits [2] - Hailiang, as a global leader in copper processing, aims to leverage Jinlong's existing capacity to meet the demand for copper materials in the southwest region, particularly in rail transit and new energy infrastructure [2] Group 4: Future Prospects - Hailiang has indicated the possibility of resuming the investment when conditions are favorable, maintaining a focus on its core business development [3] - The company previously divested its 1.12% stake in Jinchuan Group for 1.039 billion yuan to concentrate on its main operations, making its future strategic direction a point of interest for the market [3]