TYHI plans to acquire 67% equity of Taiyuan Heavy Industry Xiangming for 300 million yuan
I'm LongbridgeAI, I can summarize articles.TYHI plans to acquire a 67% stake in TaiZhong XiangMing for 300 million yuan. The transaction includes the transfer of 51% equity from the controlling shareholder TaiZhong Group and the acquisition of 16% equity held by Aike Saile and Fan Xiangmin. This move aims to optimize asset allocation, enhance competitiveness, create industrial synergy, and assist the company in expanding its business, providing mining equipment and intelligent operation and maintenance services
According to the Zhitong Finance APP, Taiyuan Heavy Industry (600169.SH) announced that in order to achieve high-quality development and further optimize asset allocation and enhance comprehensive competitiveness, the company's controlling shareholder, Taiyuan Heavy Machinery Group Co., Ltd. (referred to as "Tai Heavy Group"), intends to transfer 51% of its equity in Tai Heavy Group to Ming Intelligent Equipment Co., Ltd. (referred to as "Tai Heavy Ming") through a non-public agreement. At the same time, the company will acquire a total of 16% equity in Tai Heavy Ming held by Shanxi Aikexier Technology Co., Ltd. (referred to as "Aikexier Company") and individual Mr. Fan Xiangmin, bringing the total acquisition of Tai Heavy Ming's equity to 67%, with a total transaction price of approximately 300 million yuan, all to be paid in cash.
Tai Heavy Ming has long been committed to the research and manufacturing of long-distance continuous conveying equipment for bulk materials, with main products including belt conveyors, automated parking garages, and related accessories. It holds a relatively leading position in the domestic belt conveyor industry in coal mines and other fields, possessing 137 independent intellectual property rights, which assist in coal mining and urban intelligent parking construction. Taiyuan Heavy Industry is a specialized manufacturing base for mining equipment, providing various mining machinery such as excavators, semi-mobile crushing stations, and self-moving crushing stations. Its products are widely used in the stripping, mining, and transportation operations of various large open-pit coal mines, iron mines, and non-ferrous metal mines. By acquiring Tai Heavy Ming, the company can create significant industrial synergy effects, effectively expand its existing business territory, optimize its industrial layout, and provide users with a comprehensive "one-stop" solution for mining, transportation, crushing, auxiliary machinery, and intelligent operation and maintenance services throughout the entire lifecycle, while also supporting the construction of smart mines through an intelligent product matrix