Xi'an Manareco New Materials stated that the domestic market has a call for OLED terminal materials, and it does not rule out the possibility of increasing capital investment in Changshuo Electronics, thus enhancing the production capacity and product layout of OLED terminal materials. In terms of progress towards changes in the controlling shareholder, relevant sources have indicated that, as Qingdao West Coast New Area State-owned Assets Management Bureau involved in this agreement belongs to state-owned assets, approval processes from its supervisory department, including 'concentration of operators inspection' and so on are required.
"Science and Technology Innovation Board Daily" June 7 report (Reporter Wu Xuguang) After throwing out the placement plan in May and increasing the OLED sublimation material, Ruilian New Materials is also accelerating its layout in the OLED terminal material field.
On the evening of June 6, Ruilian New Materials announced that in order to actively respond to the domestic demand for OLED materials and based on the company's strategic development and industrial layout needs, the company intends to invest in Optoelectronic Material Co., Ltd. (China) (hereinafter referred to as: Outlight electronics) for equity investment, and intends to use its own funds to increase the capital of 76.3984 million yuan for Outlight Electronics. After the capital increase is completed, it will hold 20% of the equity of Outlight Electronics.
Ruilian New Materials' secretariat explained to "Science and Technology Innovation Board Daily" reporter that Ruilian New Material's OLED products are sublimation materials, downstream are OLED terminal materials, mainly used in OLED display panels. At present, there is a bullish demand for OLED terminal materials in the domestic market, and local alternatives are also imminent.
"In the long run, it is not ruled out that the company will continue to increase capital and expand its shares in Outlight Electronics, as well as increase its capacity for OLED terminal materials and product layout to improve the industrial chain," the aforementioned secretariat added.
It is reported that Outlight Japan, the parent company of Outlight Electronics, is the main producer of OLED terminal materials in the world, and its OLED luminescent materials rank first in the global market share and enjoy a good reputation in the field of OLED terminal materials. Currently, Ruilian New Materials is Outlight Japan's strategic supplier of OLED sublimation materials.
It is worth mentioning that Ruilian New Materials has been active in the capital market recently.
On the evening of May 10th this year, Ruilian New Materials announced that the company's top three shareholders, Zhuo Shi Partnership, etc., had reached an agreement with Kai Investment Group on the transfer of some of Ruilian New Materials' equity and Zhuo Shi Partnership's voting rights in a package of matters.
After the plan is fully completed, the actual controller of the company will change, and Qingdao Development Zone Investment Construction Group Co., Ltd. (hereinafter referred to as: Kai Investment Group) will hold 27.59% of the company's shares, becoming the controlling shareholder of the company, and Qingdao West. The Coast New Area State-owned Assets Management Bureau will become the new actual controller of the company.
Regarding the latest progress in the change of the company's actual controller, Ruilian New Materials said that because the acquiring party of this agreement, Qingdao West Coast New Area State-owned Assets Management Bureau, is a state-owned enterprise, it needs to be approved by its superintending state-owned assets supervision and administration department, including the "concentration of operators review". The actual promotion time node is subject to the company's subsequent disclosure announcement.
In addition to the share transfer, on May 10th this year, Ruilian New Materials also announced that Kai Investment Group also plans to subscribe for no more than approximately 29.53 million shares issued by Ruilian New Materials, with a total capital of no more than 815 million yuan. Used for OLED sublimation materials and high-end fine chemical industry base projects and supplementary working capital.
"Science and Technology Innovation Board Daily" reporters noted that in recent years, Qingdao City and West Coast New Area's leading companies such as Jingdongfang, Hisense, etc., focused on display materials, sensors and other subdivided fields, and speeded up the construction and layout of the entire industry chain of new displays.
Among them, Kai Investment Group is building the Kai Core Screen Industry Park, which will start construction in May 2023 with a total investment of 3 billion yuan. The industrial park targets the upstream and downstream of the JD.com industrial chain and can accelerate the optical display industry of the West Coast New Area to extend to the upstream material field.
The display material industry needed by the industrial park is one of the material sectors where Ruilian New Materials has a key layout.
On May 9th this year, according to the official Weibo content of Qingdao Economic and Technological Development Zone, Kai Investment Group's acquisition of Ruilian New Materials is also a link in the new display industry chain layout of Qingdao West Coast New Area. "This acquisition of Kai Investment Group by Ruilian New Materials will further strengthen the cooperation between upstream and downstream enterprises in the industrial chain, fill in the short board of the industrial chain, and extend the industrial chain."