Shuangliang energy-saving cross-border merger and acquisition of two Internet medical companies failed
After nearly three months of suspension, Shuangliang Energy announced on May 16 that it would terminate major asset restructuring. According to the original restructuring plan, Shuangliang Energy intends to cross-border mergers and acquisitions of two Internet medical companies. However, after the failure of the restructuring, the company’s expectation of creating new profit growth points has temporarily fallen short. For Shuangliang Energy Saving, which has been continuously under pressure for recent performance, In order to reverse the performance trend, I have to find new ways again.
Since the suspension of trading on February 20 this year, Shuangliang Energy Conservation, which plans to reorganize major assets, announced on May 16 that it would terminate the reorganization. It is reported that Shuangliang Energy Savings originally planned to purchase assets by way of issuing shares. The reorganized target companies are Shenzhen Youde Medical Technology Co., Ltd. (hereinafter referred to as "Youde Medical") and Shenzhen Win Medical Technology Co., Ltd. (hereinafter referred to as "winning" Medical communication"). Among them, Youde Medical is mainly engaged in the research and development, testing and operation of the network hospital platform, and the general medical system is mainly engaged in offline hospital services. It should be noted that Internet medical care is a brand-new business field for Shuangliang Energy Saving. It is not difficult to see that Shuangliang Energy originally tried to enter the Internet medical industry through cross-border mergers and acquisitions.
Shuangliang Energy Conservation said in the announcement of the termination of the restructuring that since the start of the restructuring, the company and all parties concerned have actively promoted the related work of the restructuring and conducted several rounds of negotiations on the terms of the transaction. However, until May 12, the terms of the transaction, such as the amount of profit commitment, the profit promiser, and the lock-up period of the shares, could not be reached.
As an environmental protection enterprise specializing in energy-saving products, Shuangliang Energy's recent business pressure is more obvious. According to financial data, in 2016, Shuangliang Energy's operating income was approximately 2.01 billion yuan, down 35.36% year-on-year, and the corresponding net profit attributable to the project was approximately 161 million yuan, a sharp decline of 53.7% year-on-year. In the first quarter of this year, Shuangliang Energy's transcripts are still not ideal. A quarterly report showed that Shuangliang Energy's energy consumption doubled in the first quarter of this year. Among them, operating income fell by 34.3% year-on-year, and the net profit attributable to the year was turned from profit to loss.
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