This car, *ST Zhongfa (600520) new major shareholders took over, is resolutely resolving the problem of the stock being frozen; the unwilling purple light system once again increased the company‘s stock through the secondary market. Will the placard trigger a shareholding war, or can it be safe?
*ST Zhongfa announced yesterday evening that the company’s shareholder Ziguang Group and its concerted action person Ziguang Communications purchased a total of 7.79 million shares of the company during the period from February 25 to June 20, 2016, accounting for 4.92% of the company’s total share capital.
Purple light knocking on the door
The second placard*ST issued, means that Ziguang Group and its concerted activists currently hold 10% of the total share capital of *ST Zhongfa, and are the largest shareholder of Tongling Sanjia Electronics" target="_blank">Electronics (Group) Co., Ltd. It is said that the shareholding ratio of 17.09% of Sanjia Group has further narrowed. At the same time, Ziguang said that it will not rule out the continued increase in the next 12 months, and promised not to reduce its holdings in the next six months.
Securities Times · Lianhua Finance (ID: lianhuacaijing) reporter previously reported that *ST Zhongfa Holdings has transferred four times in the past three years. On June 3 this year, Wenyi Group, the largest real estate company in Anhui, took over the name of Ruizhen Commercial. Sanjia Group’s controlling interest, the consideration price is 150 million yuan, thus indirectly controlling * ST 27.703 million shares, Luo Qifang, Zhou Wenyu mother and child become the actual controller. Ruizheng Business once said that “there is the possibility of changing the main business of a listed company or making adjustments to the main business of a listed company in the next 12 months”.
A person familiar with Zhou Wenyu in the real estate industry in Hefei said that Zhou Wenyu “is low-key and easy-going, and has an idea and execution.” Zhou Wenyu has just entered the main *ST for just 20 days, and has begun to gradually solve the “stubborn disease” in the *ST.
Since 2014, all listed company shares held by Sanjia Group have been waiting to be frozen, and 27 million of them have been pledged to Southwest Securities (7.580, 0.00, 0.00%) before freezing. After Zhou Wenyu entered the company, Sanjia Group has successively settled three lawsuits against companies such as Hefei Spectrum and Wuhua Small Loan, and on June 20, the equity pledge was lifted, but the shares held were still frozen due to other disputes.
Zhou Wenyu said in a telephone interview with the Securities Times reporter that it is still not clear about Ziguang’s intention to placard, and indirectly responded to the reporter’s request for comment on Ziguang’s placard with “Zhongfa is a public listed company”. He said that Wenyi’s entry into the main *ST is optimistic about its future. “If we can make appropriate adjustments to the listed company’s industry and strengthen its internal management, we are still very confident about China Development.”
The increase in the purple light system happened at an important point in the aftermath of the company’s major shareholder and the new shareholder’s efforts to resolve the equity freeze. Recalling *ST Zhongfa announced on June 7 that the project to terminate the restructuring of the transformation of robots (25.240, 0.34, 1.37%) had stated that “the company and the company’s controlling shareholder and actual controller promised to resume the non-public offering of shares. The same matter will not be planned in the next month.”
Purple light “sweeping shell”
For the purpose of this increase, Ziguang said that it is “based on the expansion of the new business areas of listed companies in the future and the confidence of transformation and development”, which is the same as the statement made by Ziguang Group in the first placard*ST in January this year.
On January 27, Ziguang Group bought 8.85 million shares of Zhongfa Technology (17.210, 0.76, 4.62%), accounting for 5.08% of the total share capital of Zhongfa Technology, and the average holding price was 16.36 yuan/share. This announcement shows that from February to June this year, Ziguang Group bought 5.89 million shares in the *ST market at an average price of 18.61 yuan/share, accounting for 3.72% of the company’s total share capital; Ziguang Communication bought at an average price of 17.99 yuan/share. Into 1.9 million shares, accounting for 1.2% of the company’s total share capital. In other words, Ziguang exchanged a 10% stake in *ST Zhongfa with a total cost of 276 million yuan.
It is worth noting that despite the recent supervision by the China Securities Regulatory Commission on the “fried shell”, the purple light system has already entered the “sweeping shell” mode. According to the analysis of Securities Times and Lianhua Finance, in the first quarter, the “Ziguang Department” was among the top ten shareholders of 14 listed companies, far exceeding the number of shares held in the same period last year. On the whole, the market capitalization of Ziguang’s shareholding companies is more than 2 billion yuan, the shareholding structure is relatively scattered, and some of the company’s controlling shareholders have also changed, the traditional main business is sluggish, and the transformation expectation is strong.
However, Ziguang seems to be the only one to treat the *ST in the same direction, triggering the red line twice, reaching 10% in one breath, and the shareholding ratio of other listed companies ranging from 0.52% to 4.04%. More than 5%.
Looking back on the statement of Zhao Weiguo, the chairman of Ziguang Group on May 22, he said that “Ziguang Group recently bought some company stocks at home and abroad, first of all, it is a financial investment. Ziguang Group has relatively abundant funds and uses idle funds for stock investment”.
However, some analysts hold different opinions. Guo Jin Securities (12.800, 0.29, 2.32%) electronics industry analyst Luo Siyuan once told reporters that the purple light industry has an industry, the probability of pure frying is not large. With the continuous expansion of Ziguang’s investment scale and the acquisition of the company by Tsinghua, there is a need for the shell company; the positioning of its own platform listed companies is different, and it is relatively easier to find suitable shell companies and reinject assets.
In fact, considering that the main business of *ST is the integrated circuit plastic mold, it can be closely integrated with the business of Ziguang Group. Whether Ziguang will be included in the “industry map” has always been the focus of the market. At the exchange meeting on June 8th *ST, some investors threw out “How does Ziguang see the event of termination of the issue“, “the current shareholding of Ziguang”, and “The transfer of controller shares and the Ziguang Group have been Communicate?” and other sharp questions.
Nowadays, Ziguang once again knocked on the door *ST, which is undoubtedly also a statement. Follow-up Ziguang is to continue to increase its holdings to seek a controlling stake, or only for financial investment, it is worth continuing to pay attention.