Recently, Huaxia Bank Hangzhou Branch actively responded to national policies and supported the development of green industries, providing 2.5
The business credit and lending of RMB 100 million M&A loan helped Zhejiang Xinda Sanyuan Holding Group Co., Ltd. (“Sanyuan Group”) successfully acquire Zhejiang Haili Environmental Protection Technology Co., Ltd. (“Haili Environmental Protection”), using financial ” “Engine” to promote the green transformation and development of enterprises.
Into Haili Environmental Protection
Haili Environmental Protection recycles 200,000 tons of waste plastic bottles every year, equivalent to about 10 billion waste plastic bottles.
These waste polyester bottles are the raw materials used by Haili Environmental Protection to produce recycled polyester. “We have a huge demand for waste bottles. Based on the original supply network of more than 600 individual waste plastics, the company has set up a number of waste plastic recycling and packaging stations around large and medium-sized cities in the Yangtze River Delta region in recent years to sort out urban waste. Channels have been connected, and strategic partnerships have been established with large and medium-sized waste recycling companies around these cities, and direct raw material procurement channels have been established.” Fang Yeqing, general manager of Haili Environmental Protection, said that with the help of the government’s planning for waste classification and recycling of renewable resources Guided by the guidance, the company has established more than ten recycling bases in areas with abundant sources of polyester bottles and high-quality bottles, such as Jiangsu, Zhejiang, Shanghai and Anhui, and has spread to more than 500 purchasing outlets.
Haili Environmental Protection was established in 2010 and is located in Jiaxing City, Zhejiang Province. It is a key enterprise in comprehensive utilization of resources and environmental protection. It is an integrated green enterprise integrating waste polyester bottle recycling, bottle flake processing, purification and granulation, and recycled polyester filament production. A full industry chain enterprise with an annual output of 150,000 tons of recycled polyester filament. Its output has ranked first in the domestic recycled polyester filament industry for five consecutive years. It is also the first domestic enterprise to use waste polyester bottles to develop recycled polyester yarn and has been recognized as a “National Green Factory” and “National Green Supply Chain Management Enterprise”.
In addition to leading the country in production scale, Haili Environmental Protection’s products have also obtained GRS global recycling standard certification, OEKO-TEX100 infant contact level certification, etc., which has won a “green pass” for the company’s recycled fiber to expand into the international market.
“The finished products are spun into various fabrics by downstream weaving enterprises and are widely used in clothing, bags, wool carpets, home textiles and other products. They can be recycled and reused after use, achieving 100% resource recycling.” Fang Yeqing showed reporters the use of recycled materials IKEA recycled blanket made of polyester filament.
With the increasing attention at home and abroad to the utilization of renewable resources, reduction of greenhouse gas emissions, and low-carbon transformation, the consumption concept of the global recycled textile raw material market has undergone tremendous changes. Using and wearing recycled products has become a fashion benchmark in the international community. At present, Haili Environmental Protection has cooperated with many internationally renowned brands such as IKEA, Samsonite, Nike, Adidas, Coca-Cola, YKK, and Walmart to customize high-end green recycled polyester filament factory products, successfully achieving high-quality and international development of recycled filament. Upgrade.
“Loans” drive high-quality development of enterprises
The international and high-quality development of Haili Environmental Protection has attracted the attention of Sanyuan Group, which has deep accumulation in the field of textile and garment manufacturing.
Sanyuan Group intended to acquire and merge Haili Environmental Protection, but the process was hampered by the fact that Haili Environmental Protection’s original cooperative bank was unable to implement the credit and debt terms of the acquisition plan, resulting in the acquisition being unable to proceed. If the acquisition is delayed and the best time is missed, the acquisition may fail, and the business operation may face profound negative impacts.
After Hua Xia Bank Hangzhou Branch learned about the company’s difficulties and needs, it quickly established a three-level linkage special team of Hangzhou Branch, Jiaxing Branch and Haiyan Sub-branch to make feasibility judgments on the company and the acquisition plan, and fully assist the company in the acquisition. After many efforts, Hua Xia Bank Hangzhou Branch customized a merger and acquisition loan plan for Sanyuan Group’s acquisition of Haili Environmental Protection. It only took 20 working days to complete the business credit and disbursement of the company’s 250 million yuan merger and acquisition loan, solving the enterprise’s problem. Due to financial problems, Sanyuan Group successfully assisted Sanyuan Group in acquiring Haili Environmental Protection.
Yan Jiongzhi, Secretary of the Party Committee and President of Hua Xia Bank Hangzhou Branch, said that Hua Xia Bank, as one of the first commercial banks to explore the layout of green finance, has always regarded “promoting green finance characteristic business” as a bank-wide strategy. In recent years, Hangzhou Branch has deeply implemented the concept of green development, continuously deepened its efforts in green finance, provided important support for the green transformation and development of enterprises, and contributed financial strength to the development of local green industries. “This successful assistance in corporate acquisitions and mergers not only further deepens bank-enterprise cooperation, but also It is more conducive to promoting the upgrading of local industries and promoting local economic development. It is also helpful to enhance the ability of financial service entities and enhance the green transformation capabilities of local enterprises. At the same time, this is also an example of Hua Xia Bank Hangzhou Branch actively practicing the ‘sustainable and better’ development concept A vivid manifestation of.”
Sanyuan Group has extensive experience in the field of textile and apparel manufacturing. Its acquisition of Haili Environmental Protection will further integrate resources, expand the industrial chain, and enhance local industrial technology and market competitiveness. It is reported that Haili Environmental Protection has restarted the listing process, and Hua Xia Bank will continue to cooperate with Haili Environmental Protection.�Maintain close cooperation, actively promote enterprises to enter the capital market, and strive to help enterprises become industry leaders.
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