Seven Wolves Nearly 40% Stake For Pledge Loans Major Shareholders Are Very Short Of Money.

Financial researchers say

40% of the shares were mortgaged out, it can be seen that the two shareholders of the sponsors have strong demand for funds, first issued 600 million yuan short term securities, and then non-public offering to raise 1 billion 798 million yuan.

At the same time, when the seven wolves were buying gold, the company's two sponsors, the Fujian seven wolf group and the Xiamen Lai Fu company, obtained a huge sum of money through the pledge of seven wolves.

According to the latest announcement of the company, as at June 15, 2012, the shares of the seven wolf Group pledged to the bank were 128 million 850 thousand shares, accounting for 30.36% of the total share capital of the company. As of June 22, 2012, the total number of 39368750 shares held by the company came to the bank, which accounted for 9.28% of the total share capital.

The above two sponsors total pledge of seven wolves share about 40%.

Since last year's monetary tightening, the funds of all large and medium sized enterprises have been varying degrees of tension. However, since 2012, the tension of funds has eased.

However, the two members of the seven wolves, including the seven wolves group and the Lai Fu company, did not relax the movement of taking gold but increased it.

Correspondingly, the amount of credit granted from banks is also increasing.

Seven wolves announced that the company was notified in June 22nd that the major shareholder of the company came to pledge the 5300000 shares of the company's shares to Ping An Bank Ltd Xiamen branch.

As of June 21, 2012, the company had 46068750 shares of seven wolves, accounting for 10.86% of the total share capital of the company. The share of the pledge shares accounted for 1.25% of the total share capital of the company, providing a guarantee for the company to apply for a one year credit limit of 72 million yuan to the bank.

As of the announcement date of June 22nd, the total number of companies owned by the company was 39368750 shares.

Pledge to the bank, accounting for 9.28% of the total share capital of the company.

The company has 10.86% of the total share of the seven wolves, so there is only 1.58% stake left.

In addition, seven wolf's major shareholder, the seven wolf group, has also been a big pledge for seven wolves.

As of June 15, 2012, the seven wolf group held 172757812 shares of seven wolves, accounting for 40.71% of the total share capital of the company.

Today, the seven wolves Group pledged 128 million 850 thousand shares to the bank, accounting for 30.36% of the total share capital of the company.

That is to say, the seven wolf group will hold a pledge of nearly 7 of the seven wolves to the bank.

And nearly 7 of the equity pledge is still in the seven wolf group after the lifting of some equity pledge data.

In June 16th, seven wolves announced that the 4 million 200 thousand shares of the Quanzhou branch of Limited by Share Ltd, China's Limited by Share Ltd, were pledged to the pawns in August 18, 2010.

The 2 million 100 thousand share pfer shares and 1 million 680 thousand yuan cash dividends corresponding to the pledge shares are lifted at the same time.

A listed company accounting person analysis, "generally speaking, such large group loans in the bank do not need to pledge equity, unless there is no credit limit.

The above equity pledge indicates that two shareholders of the seven wolves are in short supply.

40% equity for 2 billion capital

It can be seen from the announcement that 1.25% of the wolf's share of the pledge of the company will be guaranteed by a 1 year credit line of 72 million yuan. It is hard to imagine that nearly 40% of the equity will bring about a large amount of financing.

According to a bank personage, "general stock pledge of listed companies will be equivalent to the bank credit line of about 40% of the market value of the company at that time."

That is to say, the average share price of a listed company multiplied by the number of Pledged Shares and multiplied by 40% is the amount of credit granted by the equity pledge.

In general, the average stock price is the minimum value of the stock price of the first 10 days of the listed company and the average value of the stock price of the first 30 days ".

"According to the pledge of this company, the total share of 40% of the seven wolves is about 15 to 2 billion yuan."

Another person who has been engaged in accounting research for many years has estimated it to reporters.

Then how much money will the seven wolves group, a large shareholder, get from it?

Similarly, reporters visited the December 24, 2011 company pledge announcement found that the seven wolves group will be holding seven stocks of 14 million shares of the pawns to Xiamen International Trust Co., Ltd., to obtain 200 million yuan trust funds to provide security.

According to the 115171875 shares of the seven wolves group holding shares of the company, accounting for 40.71% of the total share capital of the company, the proportion of 14 million shares of the pledged share of the company's total share capital is 4.95%.

Therefore, if the seven wolves group uses 4.95% of the equity in exchange for 200 million yuan of trust funds, then 30.36% of the equity may be pferred to 1 billion 200 million yuan.

It is understood that the seven wolf group itself invested in the real estate industry and has a large scale of operation.

However, due to the relationship between the real estate policy and the shortage of funds in China's real estate industry, is the seven wolves, the founder of the seven wolves, also trapped in the plight of Real Estate Company?

Reporters recently called Zhou Shaoxiong, chairman of the company, to inquire about the matter, but as of press day, the other phone was in no answer.

According to the above bank staff, "generally speaking, there is no credit limit for the company that has undertaken the pledge loan, or the investment bank is not very supportive, such as investing in real estate."

Reporters from public information, Heng Wo land is Fujian seven wolf group holdings real estate group company, the main business includes residential real estate, commercial real estate, industrial real estate, high-end hotels, office buildings and so on.

When investing, Heng Wo land is in a period of high investment and low return.

Among them, Heng Wo crown international community project, Heng Wo Binhai New Town project, Wuyuan Bay project are all residential real estate with a gross floor area of about 1 million 170 thousand square meters.

However, according to the reporter's inspection, the above items are all sold from the end of 2010 to 2011, but the Heng Wo crown international community project and Heng Wo Binhai New Town project can still be found online.

In addition to the commercial real estate Huijin International Center project, Heng wo has invested heavily in this project. Originally, the project estimated that 40% wolves were used by themselves and 60% for investment promotion.

Although it is now in operation, the withdrawal of funds will be slower even if the rent alone is used.

Seven wolves won 2 billion 400 million yuan in February.

In the announcement of the seven wolves, it did not specify the reasons for the two sponsors' pledge, but from the pledge of nearly 40% shares, we can see that the seven wolves group and the Lai Fu company are in urgent need of funds.

In addition to the two sponsors' gold taking action, the seven wolves themselves listed companies are also taking the gold through the A share market.

From May to now, in less than 2 months, the company was granted a short-term financing certificate of 600 million yuan, and a 1 billion 798 million yuan non-public offering was approved.

The seven wolves raised nearly 2 billion 400 million yuan in the above two gold collection operations.

In June 26th, seven wolves announced that the actual number of shares issued was 78 million 200 thousand shares, not more than 79 million 500 thousand shares of the highest number of issued.

It was finally determined that the issue price of the issue was 23 yuan / share.

The total amount raised was 1 billion 798 million 600 thousand yuan, which did not exceed 1 billion 800 million yuan of the total raised funds. After deducting the issuing cost of 32 million 604 thousand and 400 yuan, the net amount of raising funds was 1 billion 765 million 995 thousand and 600 yuan, which did not exceed 1 billion 800 million yuan of the proceeds raised from the investment project to be raised.

It is understood that the seven wolves are expanding the number of proprietary stores, so the way to raise funds through non-public offering.

However, there are more than 4000 stores in the seven wolves. Some people in the industry have pointed out that the market share of the company's stores has long been stable and there is no room for development.

In response to this question, Zhou Shaoxiong, general manager of seven wolves, said when he was interacting with investors, in 2011, according to the current situation of mature business circles and competitive brand sales outlets, the company's Strategic Advisors calculated that the company's red black green label series could set up 5000 stores and the company stores had a saturation of about 70%.

With the advancement of urbanization, the emerging business circle is maturing, and the space for opening stores will continue to emerge.

There are people in the industry who suspect that the seven wolves are selling "dog meat" by selling sheep's head.

But today's housing prices have been fired to a certain height and remain high.

A close to seven wolves suspect that the property bought by the seven wolves may be related to the seven wolf group.

In this way, the group will not lose money.

In order to verify this doubt, reporters repeatedly called Wu Xingqun, a seven wolf manager, but his two mobile phones were not connected.

As of press time, Mr Tung did not contact reporters.