On May 9, Asia Cuaneng (603378) announced that it completed the share repurchase on May 7, and the actual number of shares repurchased was about 7.902 million shares, accounting for 1.84% of the total share capital.
It is reported that the repurchase of Asia Cuaneng was approved by the board of directors on February 7, and the repurchase was implemented for the first time on March 21. The repurchase price is between 5.30 yuan/share and 7.02 yuan/share, and the actual repurchase amount is 50.0142 million yuan (excluding transaction costs).
Such a large-scale repurchase of shares is actually a part of the "layout, straightening, clearing, and starting again" plan implemented by Asia Cube in order to promote the future development of the strategic layout in the context of the complex and changeable external environment and the slowdown of the overall industry.
On April 30, Asia Cuaneng announced that it intends to sell the company's and its subsidiaries' assets such as the right to use two industrial land, above-ground buildings and ancillary facilities and equipment located in Qingpu District, Shanghai, and the total sale price of the two non-productive assets will not be less than 785 million yuan. Although there is no finalized counterparty for the plan, it can be seen that Asia Custean is preparing for future development: revitalizing non-productive assets to optimize asset structure, and strengthening asset liquidity and operational efficiency.
Li Jinzhong, Chairman and President of Asia Cube Group, made a plan for the future strategic goals and layout of Asia Cube in the article "Firm Asia Cubean": multi-business horizontal and vertical collaborative business package; Efficient business chain with super factory as the core; Digital construction for complex markets, complex businesses, and complex organizations.
Li Jinzhong, Chairman and President of Asia Cube Group
On the same day as the announcement on the sale of the above-mentioned non-productive assets, Asia Cuaneng also issued an announcement on the establishment of a subsidiary: it intends to establish a subsidiary, Asia Cuane Hi-Tech Co., Ltd. (tentative name, hereinafter referred to as "Tianji Hi-Tech"), with an investment amount of no more than RMB 200 million. According to the announcement, Tianji Hi-Tech will rely on the existing technology research and development platform of Asia Cuaneng to explore cutting-edge technologies, starting from new materials and key component technologies such as humanoid robot bone materials, skin materials, and joint parts, and accelerate the cultivation of the company's second main business.
From the announcement, it can be seen that the establishment of Tianji Hi-Tech and the business scope involved are the investments made by Asia Cuaneng to adapt to the rapid development trend of emerging industries in addition to the main business of coatings. This is also a step in the medium and long-term development strategy of Asia Custodian, whether the new material can become the "second growth curve" of Asia Cube has not yet been concluded, but from the current trend of Asia Cube can guess the purpose of its integration of resources to start the layout, how Asia Cube will "start" and "run" in the future, what kind of effect is worth looking forward to.