革用聚氨酯树脂

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华峰化学终止收购大股东资产 相关议案未获股东大会通过
Mei Ri Jing Ji Xin Wen· 2025-05-14 07:03
Core Viewpoint - Huafeng Chemical (SZ002064) announced plans to acquire 100% equity of Zhejiang Huafeng Synthetic Resin Co., Ltd. and Zhejiang Huafeng Thermoplastic Polyurethane Co., Ltd. through a combination of share issuance and cash payment, but the acquisition was terminated due to insufficient shareholder approval [1][11]. Group 1: Acquisition Details - The total consideration for the acquisition was set at 6 billion yuan in cash and 54 billion yuan in shares, with a proposed issuance of 879 million shares, representing 15.05% of the post-issue total share capital [2][4]. - The valuation reports indicated a significant premium, with Huafeng Synthetic Resin's equity valued at 4.045 billion yuan, reflecting a 506.96% premium over its book value, and Huafeng Thermoplastic's equity valued at 1.963 billion yuan, with a 478.49% premium [2][5]. Group 2: Financial Performance - Huafeng Chemical has experienced a decline in net profit for three consecutive years, with a 10.43% decrease in net profit year-on-year, despite a 2.41% increase in revenue last year [5][12]. - In contrast, Huafeng Synthetic Resin reported a revenue of 3.234 billion yuan and a net profit of 342 million yuan for 2024, while Huafeng Thermoplastic achieved a revenue of 3.181 billion yuan and a net profit of 163 million yuan [6][9]. Group 3: Shareholder Response - During the shareholder meeting, only 47.04% of the votes supported the acquisition proposal, with a significant portion of shares abstaining, primarily from "northbound" funds, indicating a lack of support for the transaction [11][12]. - The company acknowledged that the high abstention rate contributed to the failure of the proposal, and it plans to reassess the acquisition strategy, potentially increasing the cash component in future negotiations [12][10].
华峰化学,60亿并购被否!巴斯夫,成功发货!化工巨头都“爱”这一新材料
DT新材料· 2025-05-06 16:02
【DT新材料】 获 悉 , 4月29日, 华峰化学 19项与60亿元关联并购相关的议案集体被否。 此前, 4月11日, 华峰化学 公告称,公司拟向华峰集团、尤小平、尤金焕、尤小华发行股份及支付现金购买其持有的 浙江华峰合成树脂有限公司 (主要产品是 革用聚氨酯树脂) 100%股权;拟向华峰集团发行股份及支付现金购买其持有的 浙江华峰热塑热塑性聚氨酯有限公司 (主要产品是TPU) 100%股权。 点击扩展阅读 :《 60 亿元!全球化工新材料龙头,并购! 》 交易若能达成,华峰化学的产品矩阵将覆盖聚氨酯产业链的多个关键环节,形成从基础原料到终端材料的垂直 整合。虽然氨纶行业正面临严重产能过剩,2024年 行业开工率已跌破65%, 而 TPU 却仍然是布局热点。 TPU,包括 聚酯型、聚醚型、聚己内酯型、聚碳酸酯TPU以及其他特殊功能团TPU,产业行业正处于快速成长期 , 在汽车、鞋材、医疗、建筑、电子电器等众多 领域广泛应用,已成为现代工业不可或缺的高性能材料,市场前景广阔。 根据相关数据显示,2023年全球TPU市场规模达到了38.04亿美元,预计到2030年将达到 58.3亿美元,2024-2030年期间的 ...