Group 1 - The company Yongjie New Materials announced a major asset acquisition plan to purchase 100% equity of Aconic (Qinhuangdao) Aluminum Co., Ltd. and 95% equity of Aconic (Kunshan) Aluminum Co., Ltd. from Aconic (China) Investment Co., Ltd. The transaction is expected to constitute a significant asset restructuring and does not involve related party transactions or restructuring listings [1] - The preliminary transaction price for acquiring 95% equity of Aconic Kunshan is approximately $90.9 million, while the price for 100% equity of Aconic Qinhuangdao is approximately $88.9 million, with amounts converted based on the exchange rate on the delivery date as per the agreement [1] - The funding for this transaction will come from the company's own funds and self-raised funds, with the audit and evaluation of the target assets still pending as of the signing date of the proposal [1] Group 2 - Yongjie New Materials specializes in the research, production, and sales of aluminum plates, strips, and foils, with applications in lithium batteries, electronics, and vehicle lightweighting. The acquisition target's main business aligns closely with the company's operations, enhancing its capacity and industry position [2] - Aconic Qinhuangdao focuses on the research and production of aluminum plates and strips, while Aconic Kunshan specializes in high-end thermal management brazing materials for automotive and diversified industrial markets. Both companies have been operating in China for over 20 years, inheriting Aconic's core processes and quality control systems [2] - The completion of the transaction is expected to improve the company's production capacity and product structure, leveraging the target's technology and customer resources for synergistic development, addressing issues related to global layout planning and enhancing profitability [2] Group 3 - On the same evening, Yongjie New Materials announced a strategic cooperation agreement with Aconic, aiming to collaborate in supply chain, technology research and development, capital synergy, market expansion, and talent cultivation to advance high-performance aluminum alloy new materials in emerging industries such as renewable energy and artificial intelligence [3]
永杰新材拟以现金收购奥科宁克在华铝业资产,交易对价约1.798亿美元