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Is the real estate not fragrant anymore? This company needs to be replaced by new energy sources!

On September 5, Guangyu Development disclosed a reminder announcement of planning a major asset reorganization, stating that it intends to combine its holdings of real estate companies and property company equity and other assets and liabilities with Luneng Group Co., Ltd. (referred to as Luneng Group) and Capital Weiye Group Co., Ltd. (referred to as Ducheng 100% equity of Luneng New Energy (Group) Co., Ltd. (Luneng New Energy for short) held by Weiye) will be exchanged for assets.
The announcement shows that the method of making up the balance of the asset replacement will be determined by the parties through negotiation, but does not involve the issuance of shares. The specific scope of assets involved in this asset swap needs to be further negotiated and determined by both parties to the transaction. After the completion of the transaction, the controlling shareholder and actual controller of Guangyu Development remained unchanged. Because Luneng Group and Metropolis Weiye are related parties of Guangyu Development, this transaction constitutes a related transaction. This transaction is expected to constitute a major asset reorganization. After the transaction is completed, the company's controlling shareholder and actual controller have not changed.
Both Luneng Group and Metropolis Weiye Group are wholly-owned subsidiaries of China Green Development. It is understood that this is a major asset reorganization planned by Guangyu Development after the transfer of Luneng Group (Ducheng Weiye Group) to China Green Development. According to the official website of China Green Development, green energy is one of its main businesses.
It is reported that Luneng New Energy, which will be placed in Guangyu Development, was established on April 3, 2014. According to public information, Luneng New Energy develops and constructs wind power, solar thermal power generation, energy storage and other new energy projects in resource-rich provinces such as Qinghai, Xinjiang, Gansu, etc., with an installed capacity of 4 million kilowatts.
Luneng New Energy focuses on promoting technological innovation and has built the world's first Qinghai Haixizhou multi-energy complementary integration and optimization national demonstration project that integrates "wind, light, heat, storage, regulation, and load", and was selected for the establishment of the People's Republic of China 70th Anniversary Achievement Exhibition. In Dongtai, Jiangsu, the offshore wind farm with the longest offshore distance, the highest voltage level, and the most complicated sea area in China was built at that time. Independently researched and developed the "Haifeng Tianyan" digital intelligent offshore wind power safety coordination system, and built the first domestic full life cycle digital intelligent offshore wind farm in Rudong, Jiangsu. The innovative development of the "High-Proportion Renewable Energy Base Peak Shaving Control System" fills the gap in grid peaking technology under the wide-area and multi-time scales of large-scale centralized new energy AC/DC hybrid power grids.
Related analysis generally believes that the cost of wind power, photovoltaic power generation and battery system costs continue to decline, and is expected to continue to decline in the next 10 years, clean energy investment has a clear cost advantage. In the context of carbon peak and carbon neutrality, clean energy will usher in a period of rapid development.
In 2017, Guangyu Development completed a major asset reorganization, and signed relevant commitments with Luneng Group and related parties, Metropolis Weiye, to avoid horizontal competition. The relevant person stated that Guangyu Development may help it if it successfully completes this asset replacement. Thoroughly solve the problem of horizontal competition. At the same time, Guangyu Development's real estate business has all returned to its controlling shareholder Luneng Group, which is conducive to using the advantages of an integrated operation platform to promote the overall transformation and upgrading of the real estate business to green and low-carbon. It is a powerful way to optimize resource allocation and asset structure, and improve asset operation efficiency. Performance.
According to the announcement, the current transaction price has not yet been determined, and the specific replacement price will be determined on the basis of the assets to be placed and the estimated value of the assets to be placed on the record filed by the state-owned assets supervision and administration department or other authorized units. Guangyu Development also stated that it will organize related intermediaries such as independent financial consultants, legal advisors, audit institutions, and appraisal agencies to conduct due diligence as soon as possible, and sign a formal agreement after completing the audit and appraisal of related assets, and submit it to the company’s board of directors and shareholders meeting. Deliberate.

Relevant persons stated that this Guangyu Development Asset Replacement is an important measure to thoroughly implement the three-year action of state-owned enterprise reform, further optimize the layout of state-owned capital, and better serve the country's "dual-carbon" strategy; it is conducive to enhancing the vitality of listed companies and enlarging state-owned capital. Functional role; conducive to achieving a win-win situation for economic development, emission reduction and carbon reduction, and contributing to the construction of a beautiful China.

News source: China News Network

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