继天合光能、晶澳太阳能之后,昱辉也迎来重要战略性动作。昱辉阳光CEO李仙寿发出收购要约,拟收购公司的光伏和LED制造业务,相关制造领域业务估值为负债8100万美元。如果交易达成,李先生将承担相关债务,并获得公司以4.5美元向其发行的ADS股票(美国存托股票),而昱辉阳光有望成为一家将旗下制造业务私有化的太阳能企业。
昱辉阳光公司在向证监会提交的一份声明中表示,李先生的要约中对相关制造领域业务估值为负债8100万美元
点评:彭博新能源财经太阳能首席分析师Jenny Chase
此举背后可能存在多个可能的动因。其一可能是李先生认为昱辉阳光的制造业务在市场上被低估了,目前为负8100万美元,这一数字很可能是基于昱辉阳光的5050万美元市场资本规模而得出的。他可能希望能够采取与天合阳光相同的策略,将这一部分业务进行私有化,并随后在中国市场上以更高的估值重新上市,其中也可能会利用当地政府的扶持进行一段时间的价值恢复。其二,项目开发业务在美国市场上具有更高的发展潜力,且目前是其购入光伏制造业务的较好时机等因素同样可能起到了一定的推动作用。其三,他可能认为美国市场中各种可能针对中国进口产品征收的贸易关税对中国制造商的股价造成了不成比例的影响,因为美国作为终端市场来说并非具有极高的重要程度,但美国投资上却认为其重要程度极高。
英文原稿如下:
ReneSola Announces Receipt of a Preliminary Non-Binding Proposal and Formation of Special Committee to Consider Strategic Transactions |
SHANGHAI, June 14, 2017 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesola.com) (NYSE: SOL), a leading fully integrated solar project developer and provider of energy-efficient products, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal ("Proposal"), dated June 13, 2017, from Mr. Xianshou Li, the Company's Chairman and Chief Executive Officer ("Mr. Li"), to acquire the Company's manufacturing business (including polysilicon, solar wafer and solar module manufacturing) and LED distribution business (together, the "Acquired Businesses") and assume related indebtedness. The Proposal estimates the value of the Acquired Businesses, net of assumed indebtedness, to be approximately negative US$81 million, and contemplates that in exchange for, among other things, the assumption by Mr. Li of such indebtedness, the Company would issue additional American depositary shares (each representing 10 shares of the Company, "ADS") to Mr. Li at US$4.50 per ADS. If the transactions contemplated by the Proposal are consummated, the Company's remaining businesses would be focused primarily on solar project development. The Board has formed a special committee consisting of Mr. Martin Bloom, Mr. Tan Wee Seng, Ms. Julia Xu and Mr. Weiguo Zhou, each an independent director, to consider the Proposal and other alternatives available to the Company, and has granted the special committee the authority to consider, review, evaluate and, if appropriate, negotiate a strategic transaction on behalf of the Company, in order to maximize shareholder value. The special committee will conduct this process with the assistance of financial advisor and legal counsel. The Board cautions the Company's shareholders and others considering trading the Company's securities that the Board has just received the Proposal and has not had an opportunity to carefully review and evaluate the Proposal or make any decision with respect to the Company's response to the Proposal. There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed relating to the proposed transaction or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law. About ReneSola Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of energy efficient products. Leveraging its global presence and expansive distribution and sales network, ReneSola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com. Safe Harbor Statement This press release contains statements that constitute ''forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "plans," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company's expectations may not be correct, even though it believes that they are reasonable. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company's situation may change in the future. |