On the evening of September 27, Jialin Jie (002486), a listed company of Dongxu Group, issued an announcement. The board of directors of the company reviewed and approved the report on the purchase of major assets, and agreed to purchase the capital in cash in the form of a total of 1.235 billion yuan. Deqingyuan Agricultural Technology Co., Ltd. (hereinafter referred to as "Deqingyuan") has a 50.47% stake. At the same time, Jia Linjie issued a notice to review the shareholders' meeting of this restructuring. This means that Jialinjie's acquisition of Deqingyuan is nearing completion and the company will enter the eco-health industry.
On July 20 this year, Jia Linjie issued an announcement on foreign investment. The company purchased 5.45% of the shares of Deqingyuan at a price of no more than 3.2 yuan per share. On August 28, Jialin Jie issued a purchase plan. The company intends to acquire 8.91% equity of Deqingyuan from today's Capital II (Hong Kong) at a price of 134 million yuan in cash. Secondly, Jialinjie also intends to The method of currency contribution increased the capital and shares of 3.4375 million shares to Deqingyuan, and the increase of funds was 1.1 billion yuan. After the completion of the above transactions, Jialin Jie will hold a total of 50.47% equity of Deqingyuan.
According to public information, Deqingyuan is the world's leading modern ecological agricultural enterprise and the national key leading enterprise of agricultural industrialization. It has built a complete industrial chain of the laying hen culture industry and created a sustainable ecological agriculture model.
Jia Linjie said that the company's previous business is the research and development, design, production and sales of high-end outdoor sports functional fabrics. In order to resist the risks of rising raw materials and labor costs and increasing market competition, the company needs to seek other industry development opportunities and create new profit growth points. After the completion of the transaction, Jialinjie's main business will be transformed from a single-run textile business to a business structure that is jointly developed by the textile industry and the egg industry.
Zheng Xiao, Chairman of Jialinjie, told the Securities Times reporter that after the completion of this major asset restructuring, the listed company's business will enter the modern agricultural industry. On the basis of continuing to consolidate the leading position of the original textile business, the company will deepen the existing products, technology and brand foundation of Deqingyuan, and accelerate the large-scale breeding and branded consumption business of laying hens.
The acquisition of Deqingyuan by Jialinjie officially took a fancy to the vast egg market. It is reported that the size of China's egg market is the highest in the world. The Chinese eat about 400 billion eggs a year, and the average consumption per person per day is 0.9, which is twice the world's per capita consumption. The annual consumption of fresh eggs alone is 150 billion. .
According to financial data, in 2015, 2016 and January-June 2017, Deqingyuan's operating income was 547 million yuan, 587 million yuan and 353 million yuan respectively. The restructuring report shows that in 2017-2020, Deqingyuan will realize a cumulative commitment of net profit of 650 million yuan.
Zheng Xiaojiang pointed out that Jialin Jie will include Deqingyuan as its key asset, its quality assets, models and brands, as well as its industrial chain. “Jialin Jie will use eggs as the entrance, realize the development of a series of products through investment construction and mergers and acquisitions, and consolidate its own brand advantages, establish its own channel system, continue to expand the industrial boundary, and enlarge the industrial cake. Therefore, It is not possible to exclude the continuous acquisition of eco-health assets in the future, and to build Jialinjie into a supplier, operator and service provider of a series of eco-health products.†Zheng Xiao told reporters.
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