The elimination and reshuffle of the ceramic industry are accelerating, and the "Matthew Effect" has further emerged. On one side, there are mergers and acquisitions and expansion, and on the other side, there are bankruptcies and auctions. According to public channel information, since April 12, in just 10 days, three ceramic companies, namely Guangdong Zhaoqing Zhongheng Ceramics, Sichuan Leshan City Shawan Zhongsheng Ceramics, and Shanxi Jinshijia Ceramics, have been exposed in different ways. acquisition.
90 Degree Home
Fully acquired Zhaoqing Zhongheng Ceramics
On April 16, 90 Degree Home held a brand strategy summit and new product launch conference. It was revealed at the meeting that as China accelerates the digital transformation of its manufacturing industry, 90 Degree Home has seized the opportunities of the new wave of digital development and strategically acquired wholly-owned Zhongheng Ceramics Factory in Zhaoqing and Sanshui. Zongsheng Weijie Wood Industry further expanded its production capacity and took advantage of the scale efficiency of production capacity, marking the accelerated expansion of production capacity in the two major categories of 90-degree home tiles and customization. The brand strategy of "tiles + cabinets + wardrobes, matched together" has been realized from its inception to Leading a milestone leap.
According to public information, Zhaoqing Zhongheng Ceramics Co., Ltd. was established on December 27, 2006. The factory is located in Jintao Industrial Park, Jinli Town, Gaoyao District, Zhaoqing City. Its main business scope is the production and operation of high-end environmentally friendly decoration. materials and various ceramic products, etc., with a total of 4 production lines.
In 2016, Zhaoqing Zhongheng Ceramics Co., Ltd. went bankrupt and liquidated;
In November 2019, the overall assets of Zhongheng Ceramics (5 industrial lands, 10 buildings and a batch of machinery and equipment) were auctioned for the first time in public. The starting price was 219 million yuan, but the auction failed because no one participated;
On June 16, 2020, the Zhaoqing Intermediate People’s Court ruled that Zhongheng Ceramics should be reorganized, and the managers decided to use a competitive method to conduct public investment invitations nationwide;
On October 13, 2020, Red Lake Capital invested in the bankruptcy reorganization project of Zhaoqing Zhongheng Ceramics Co., Ltd. After taking over Zhongheng Ceramics, the Red Lake Capital team conducted professional research on Zhongheng Ceramics’ tax issues, industrial and commercial issues, and debt issues. It took 153 days to repair the defects of Zhongheng Ceramics Company;
On March 15, 2021, Jinhu Yongzheng Phase II (Shenzhen) Investment Partnership (Limited Partnership), Jinhui Honghu (Shenzhen) Enterprise Management Co., Ltd., and Jinhui Yongheng (Shenzhen) Investment Partnership (Limited Partnership) met in Foshan City Zhaoqing Deyi Architectural Ceramic Products Manufacturing Co., Ltd. and Foshan Tongding Management Consulting Co., Ltd. signed a "Transaction Agreement", marking the serious bankruptcy of Zhaoqing Zhongheng Ceramics Co., Ltd.The entire project has been successfully exited.
Sichuan Zhongsheng Ceramics
25.16 million yuan successfully auctioned
On April 12, Sichuan Leshan Shawan Zhongsheng Ceramics Co., Ltd. went bankrupt and auctioned, and was successfully auctioned with a starting price of 25,158,200 yuan.
The subject of this auction is 1 industrial land of Zhongsheng Company, located at No. 213 Jiaxing Road, Jianong Town, Shawan District, Leshan City. The land use right area is approximately 79235 square meters (equivalent to approximately 118.85 acres), buildings, structures, Office equipment, power distribution facilities, etc. have an asset appraisal value of approximately 43.6182 million yuan.
According to public information, Leshan Zhongsheng Ceramics was founded in 2001, specializing in the production of polished tiles. It was once famous in the western region, but the good times did not last long. As the competition in the polished tile market became increasingly fierce, Leshan Zhongsheng Ceramics gradually went from glory to glory. Towards loneliness.
In June 2015, it was revealed that the company was blocked due to arrears in supply payments to suppliers and brick purchase payments to dealers, which resulted in the company suspending production; in mid-October 2015, Shawan Zhongsheng Ceramics summoned all The creditors held a meeting to discuss the agreement that the original creditors would raise funds through crowdfunding to establish a new company, and lease the original company's production lines and ancillary equipment to resume production to achieve self-rescue.
According to relevant statistics, as of May 25, 2015, Zhongsheng Ceramics Company’s fixed assets included 118 acres of land with a market value of approximately 35 million yuan; 40,000 square meters of factory buildings with a market value of approximately 25 million yuan; various production equipment (including two production line) has a net value of approximately 120 million yuan and total liabilities of approximately 220 million yuan. As of April 2021, Shawan Zhongsheng was valued at approximately 43.6182 million yuan when it was auctioned, and the final transaction price was only the auction reserve price of 25.1582 million yuan.
Dongpeng 237.1 million yuan
Acquisition of Shanxi Jinshijia Ceramics
Dongpeng Holdings announced that on April 21, its wholly-owned subsidiary Shanxi Dongpeng New Materials Co., Ltd. (hereinafter referred to as "Shanxi Dongpeng") and Shanxi Jinshijia Ceramic Technology Co., Ltd. (hereinafter referred to as "Shanxi Jinshijia Ceramic Technology Co., Ltd." "Shijia") and Wen Minzheng signed an "Asset Acquisition Agreement", stipulating that Shanxi Dongpeng acquires Shanxi Jinshijia's operating assets related to the production of ceramic products (including but not limited to non-detachable real estate and buildings attached to Shanxi Jinshijia's factory area). properties, structures, projects, machinery and equipment and other fixed assets), the transaction amount was RMB 237.1 million.
Secondly, on April 19, Shanxi Dongpeng and Yuanqu County People’s Government, Yuanqu County Industrial Park Development and Construction Co., Ltd. (hereinafter referred to as "Yuanqu Industrial Company") signed an "Asset Transfer Agreement", stipulating that Shanxi Dongpeng Ziyuanqu Industrial Company will transfer its location in the Southern District of Yuanqu County Economic and Technological Development Zone, Shanxi Province The land use rights with an area of 529.05 acres, the ownership of standardized factory buildings with an area of 190,703.456 square meters and related supporting facilities and other facilities, the transaction amount was RMB 192,210,740.83.
According to the announcement, Shanxi Jinshijia Ceramics was established on April 29, 2016. Its address is No. 100 Shunwang Street, Yuanqu County, Yuncheng City, Shanxi Province, with a registered capital of RMB 50 million, and its business scope includes ceramic products, ceramics Production and sales of raw materials; research and development of new material technology; utilization of tailings; mining, processing and sales of sand, gravel and river sand; research and development of ecological and environmental materials.
The operating assets of Jinshijia Ceramics include 1 porcelain tile production line and 1 glazed tile production line, with a construction scale of 25 million square meters per year. After the acquisition is completed, it will be conducive to the construction and production capacity expansion of Dongpeng's Shanxi base, increase the local supply capacity of products covering the North China and Northwest markets, improve supply efficiency and production capacity matching efficiency, reduce operating costs, and meet Dongpeng's continuous development and sales scale. Continuously expanding the demand for supporting production capacity and enhancing Dongpeng's profitability and sustainable development capabilities are of positive significance to Dongpeng's future development.
(The article is reproduced from Ceramic Information)
