Jin Yu Che Cheng (000803): A Bid Offer Report From North Control Photovoltaic Is Quoted At An Offer Price Of 10.7 Yuan / Share.

000803.SZ announced that in March 10, 2020, the company received a summary of the Limited by Share Ltd tender offer report of Sichuan Jinyu Automobile City (Group).

Based on the premise that the offer price is 10.70 yuan / share, the total capital required for the tender offer is about 875 million yuan.

North controlled photovoltaic intends to subscribe to a listed company to restructure transactions to raise matching funds non-public offering shares, subscription price of 10.70 yuan / share, intends to subscribe for the amount of 180 million yuan.

Because North control PV and its concerted action people currently hold 33.93% stake in the company, the North controlled photovoltaic company intends to subscribe for the matching funds raised by the listed companies to restructure the transaction, which will increase the rights and interests of the listed companies of the North controlled photovoltaic and the concerted action. According to the relevant regulations of the listed company's acquisition management measures, the North controlled PV should be controlled by the North controlled photovoltaic and the concerted action after meeting the relevant conditions. All shareholders other than listed common stock (A shares) issue a comprehensive offer. The tender offer is not intended to terminate the listing status of Jinyu city.

The North controlled photovoltaic company intends to subscribe to the stock market of listed companies by subscribed to raise the matching funds for the reorganization of the listed companies, and the North controlled PV has signed a supplementary agreement with the listed company on the share subscription agreement. As of the signing date of the tender offer report, the above non-public issue has not yet been completed.

At the end of the signing date of the tender offer report, the buyer has no specific plan to increase or dispose of Jinyu city stock in the next 12 months in addition to the above non-public offering matters. If any further increase in ownership or other arrangements result in changes in the ownership of Jinyu City, the purchaser will strictly comply with the relevant laws and regulations in accordance with the law, implement relevant approval procedures and perform information disclosure obligations in strict accordance with relevant laws and regulations.