Keda Manufacturing Co., Ltd. (hereinafter referred to as "Keda Manufacturing") announced on the evening of November 3 that the company's shareholder Liang Tongcan increased his holdings of 3.9 million shares of the company in a block transaction on November 3, accounting for the company's total share capital. 0.21%. After this equity change, Liang Tongcan’s shareholding ratio reached 20.08%. In addition, this change in equity will not change the company's controlling shareholder and actual controller, nor will it have a significant impact on the company's governance structure and ongoing operations. The company currently has no controlling shareholder and actual controller. Liang Tongcan plans to continue to increase his holdings of the company's shares in the next 12 months, and plans to increase his holdings to no less than 10 million shares and no more than 50 million shares.
It is reported that this is not the first time that “ceramics tycoon” Liang Tongcan has made a “big purchase” of shares in Kedak Manufacturing.
From October 23, 2018 to February 13, 2019, Liang Tongcan continued to buy shares of Keda Manufacturing within 4 months, buying a total of 78.8602 million shares, accounting for 5% of the total share capital of the listed company, and promised to Continue to increase its shareholding, with the amount not exceeding 600 million yuan.
In April 2019, Liang Tongcan announced his participation in Keda Manufacturing’s non-public stock issuance plan. At this time, Liang Tongcan’s shareholding ratio had increased to 7%.
In February 2020, Keda Manufacturing's non-public issuance of stock plan was approved; in June, Liang Tongcan subscribed for 216 million shares at 3.68 yuan per share, costing 794 million yuan, and the shareholding ratio increased to 17.27%, ranking first. Shareholder; In July, Liang Tongcan twice increased his holdings of 49,020,000 shares of Kedak Manufacturing through block transactions, raising his shareholding to 19.87%, further consolidating his status as the largest shareholder.
Until yesterday (November 3), Liang Tongcan once again increased his holdings of Kedak Manufacturing shares through block transactions, with the shareholding ratio reaching 20.08%. At the same time, he planned to continue to increase his holdings by no more than 50 million shares in the next 12 months.
Previously, Keda Manufacturing disclosed its performance report for the first three quarters of 2020: In the first three quarters of 2020, the company achieved total operating income of 4.95 billion, a year-on-year increase of 5.3%; net profit attributable to the parent company was 150 million, a year-on-year decrease of 37.9%. expanded compared with the same period last year.
Looking back at Liang Tongcan's purchase of Keda Manufacturing shares, he has been increasing his holdings since October 2018. This year, he has made many "big purchases", triggering heated discussions inside and outside the industry. According to equityAccording to the change report, Liang Tongcan increased his holdings of Keda Manufacturing shares based on his confidence in the sustainable and stable development of the listed company in the future and his recognition of the value of the listed company. Liang Tongcan said that as of now, there has been no adjustment to the above-mentioned company's main business or asset restructuring plan within 12 months.
In June this year, Keda Manufacturing changed its original company name "Guangdong Keda Clean Energy Co., Ltd." to its current name, focusing on building materials machinery and overseas construction ceramics business. Keda Manufacturing's 2020 semi-annual report shows that it has launched the investment and construction of a ceramics factory in Zambia, and its overseas construction ceramics business revenue has increased significantly year-on-year. Currently, the Keda Manufacturing African Architectural Ceramics Project has received long-term loan support totaling US$165 million from the International Finance Corporation (IFC), an affiliate of the World Bank.
In the second half of the year, Keda Manufacturing will focus on the investment and construction of large/slab production lines, vigorously expand the slate and intelligent production line business, and provide a full range of high-end equipment for slate manufacturing. Because the advantages of polishing and grinding equipment in large sizes and intelligent applications are more obvious, it has been sought after by many ceramic companies, and orders have skyrocketed.
Author: Si Tao
