British Tang Zhi Control Stock Price Fluctuation Hua Li Lot Shareholders Want To Withdraw From PE

< p > British Tang Zhi Zhi 300131.SZ recently announced a major reorganization plan, which has become the third GEM listed company that announced the reorganization plan after the new rule of backdoor borrowing.

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< p > > nearly three months after the suspension, Ying Tang intelligent control announced in the evening of December 10th that it would offer no more than 69 million 148 thousand and 900 shares to 18 trading parties such as Tu Fangkui, at a price of not less than 9.40 yuan / share, to purchase 100% of its Shenzhen Hua Li electric Limited by Share Ltd (hereinafter referred to as "Hua Li"), and the paction price should not exceed 650 million yuan.

At the same time, the company intends to raise more than 10 specific investors to raise matching funds, issuing price of not less than 8.46 yuan / share.

Affected by this news, yesterday's resumption of "a href=" http://www.91se91.com/news/list.aspx "ClassID=101112107108" > Tang Zhi Zhi < /a > word limit, reported 9.24 yuan.

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< p > Hua Li is not the "new man" in the capital market. Historical data show that Garner has declared two small and medium-sized IPO for the first time. It is the first time that the Commission has veto on whether its foreign business based on Garner can generate sustainable profitability. It was rejected in 2011 at the eighty-first meeting of the issuance examination committee.

Since then, the company has declared materials to the SFC for the second time in June 2012. Its performance in 2012 has declined due to the market environment. Hua Li plans to choose a more suitable time to market according to its own profit situation, and withdrew its IPO application in May 2013.

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Less than P, the driver behind the emergency market is probably having more PE holdings.

The company's shareholding structure shows that China's world investment bank, Shenzhen Hong Kong advantage venture capital and Li Rui investment respectively hold 6.1%, 5.63% and 5.46% shares of the elite, and its second largest shareholder, Chen AI Su, also owns 19.68% of Li Rui's investment.

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< p > according to the announced reorganization plan, if the reorganization is successful, the above-mentioned PE will be withdrawn through Ying Tang Zhi control.

Data show that after the completion of the reorganization, the shareholders of Hua Li group held a total of 69 million 140 thousand shares, accounting for 23.11% of the total share capital, and China's fortune group, Shenzhen Hong Kong advantage venture capital and Li Rui investment also held 4 million 210 thousand, 3 million 890 thousand, and 3 million 770 thousand shares of the British intellectual property control group, accounting for 1.41%, 1.3% and 1.26% respectively. The price of PE held by the British Tang Zhi control yesterday was 9.24 yuan / share, and the market value of the shares held by the company was over 100 million yuan.

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< p > according to the announcement, the estimated value of the 100% stake in the company is about 650 million yuan, compared with the unaudited net assets book value of 345 million yuan as of June 30, 2013, and the appreciation rate is only about 86.39%.

Compared with the British Tang Zhi control, which needs to sell assets to make losses, Hua Li has a better profit. However, its asset appreciation rate is lower than the 380.94% of 300195.SZ announced recently and 290% of Tian Ze information (300209, SZ).

Perhaps this is also related to the urgent need to withdraw from the a href= "http://www.91se91.com/news/list.aspx ClassID=101112107107" PE shareholder "/a".

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< p > Ying Tang Zhi Hui's restructuring is also "ingenious to avoid backdoor". It is announced that the estimated value of the underlying assets of the paction is 650 million yuan, which accounts for 115.57% of the net assets of the Tang Dynasty intellectual control as at the end of last year.

According to the regulations, it constitutes a major asset reorganization.

However, after the implementation of this major asset reorganization, 18 trading parties such as Tu Fang Kai and so on will hold 23.11% of Ying Tang Zhi Zhi, and the shareholding ratio of the company's actual controller Hu Qingzhou will be reduced to 21.05%.

After verification, 18 trading parties such as Tu Fang Kai did not sign a concerted action agreement.

In order to avoid the 18 stake holders of Tu Fang Kai and so on, the shareholding ratio is higher than that of Hu Qingzhou. Hu Qingzhou, Gu Yuandong and Zheng Hanhui have signed the "concerted action agreement". The three party collectively holds 97848667 shares of the Tang Dynasty intellectual control, accounting for 32.70% of the total shares after the paction, which is higher than the total sum of 18 trading parties of Tu Fang Kai and so on. Hu Qingzhou is still the actual controller of the Tang Dynasty intellectual control, so the actual controller has not changed and does not constitute a backdoor.

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Besides, P also made a performance pledge. Its revenue in 2014 was 497 million yuan, 588 million yuan and 680 million yuan respectively. Net profit was 58 million yuan, 68 million yuan and 82 million yuan respectively in 2014.

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< p > data show that < a href= "http://www.91se91.com/news/list.aspx? ClassID=101112107105" > "Hua Li" /a "is a solution provider of energy information integration system centered on intelligent pformation and distribution technology. It mainly provides power distribution and distribution solutions for pportation infrastructure, large factories and mines, enterprises and institutions, and overseas electric power.

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