Meitu energy plans to invest in lithium battery

On the evening of August 12, meituene, a subsidiary of meituene energy, announced that it planned to control 49.60% equity of Shanghai deloneng power battery co., LTD. (" deloneng power "for short) through cooperative acquisition, so as to enter the field of new energy battery. Upon application, the company's shares will resume trading on August 15.

According to the plan, meituene and shuhan investment plan to jointly invest 100 million yuan to establish meituene power battery partnership (limited partnership) (hereinafter referred to as "meituene power"), in which meituene contributes 51 million yuan, accounting for 51% of the equity of meituene power, and is the managing partner. After the establishment of meitu power, it intends to purchase the 49.6% shares of deloneng power held by space-time power and Shanghai xiayi in cash of no more than 396.8 million yuan. After the completion of the transaction, meitu power has become the largest single shareholder of deloneng power.

Deloneng power is mainly engaged in the research and development, production and sales of lithium ion power batteries for new energy vehicles. According to the unaudited data, as of June 30, 2016, the total assets of deloneng power are 78,566 million yuan and the net assets are 21,207 million yuan. In addition, its operating income was 597 million yuan in 2015 and 385 million yuan in 2016 from January to June, and its net profit was 1.3 million yuan and 8.54 million yuan respectively.

Beauty energy, said the deal is completed, the company, a subsidiary of the United States are the ink control DE lang can power a 49.60% stake, company will enter the field of new energy battery, in line with the company "energy dominated (traditional energy and new energy)" strategic positioning, is conducive to further consolidate the company core business of the energy business, have a positive impact on the company's financial position and operating results. The deal is funded entirely by the company's own or self-raised funds.

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