Cui Jun'S "Lightning Style" Road To Increase Holdings

No matter whether the Chinese version of Berkshire can be established, Cui Jun's barbaric attack tactics still paved the way.

In September 15th, A shares plummeted, but Xinhua Department Stores firmly sealed up the daily limit.

On the same day, the company announced that as of September 14th, Shanghai Bao Yin and Shanghai trillion won 67 million 680 thousand shares of Xinhua Department store through their funds, accounting for 30% of the total share capital of the company.

This is the second time Shanghai Bao Yin and Shanghai trillion win announced the increase of Xinhua Department store, the shareholding ratio has approached 30.747% of the largest shareholder of Wumart holdings.

It is worth noting that in September 9th, Shanghai Bao Yin mortgaged its 22.60% stake in Xinhua Department store to Tianfeng securities, apparently for the purpose of further financing.

In the retrospective announcement, Cui Jun completed the first time in April 14th, and it held 11 million 324 thousand and 800 shares of Xinhua Department store, which accounted for 5.0191% of the total share capital of the company, and reached 5% of the total share capital for the first time.

At that time, the market thought it was only a common overbought bid, and Xinhua Department itself did not pay much attention to it.

Since then, Cui Jun has launched a fast buying mode. In just 10 trading days, Cui Jun has rapidly increased its shareholding ratio to 10% through its fund, and has completed two placards.

In the private sector, Cui Jun is quite well-known. In 2013, when the controlling power of the hundred hundred groups fought endlessly, Cui Jun suddenly broke out and released an open letter. He made five suggestions to the shareholders of China 100 group.

Since then, Cui has also issued an open letter several times, saying that it has reached a consensus with some important shareholders of the China 100 group. The joint shareholding has exceeded the largest shareholder and will propose a re election of the board of directors of China 100 group.

And the Xinhua Department store, Cui Jun, is also very aggressive.

Judging from the disk, the company's share price has risen 30.75% since Cui Jun's first sign of Xinhua Department store.

According to an analyst at Tianfeng securities, under the background of the difficult pition period of the commercial retail sector, the invisible assets of the listed companies are much higher than the market capitalization. These commercial stocks usually have their own commercial real estate, which is located in the urban area and even located in the urban landmark.

Coping with

With the strong lifting of the placards, the controlling shareholder of Xinhua Department store, Wumart holdings and its concerted action people also chose to increase the "defending" control stake, and the shareholding ratio rose from 26.91% to 30.76%.

In this way, Cui Jun can copy Buffett's "Berkshire" legend, also depends on the large shareholder of the United States Department of science and technology can not answer.

Love shares said data platform co founder

It is clear that wumi clearly can not agree with Cui Jun's idea of pforming Xinhua Department Store into a financial company. Behind this fierce competition for equity, there are two kinds of values.

There will be more offensive and defensive battles between the two sides in the future.

Some market participants say that apart from the establishment of Berkshire, a few people of Cui Jun can enter the board of Xinhua Department store.

In 2015, the third provisional shareholders' meeting showed that in the 13 bills to be considered, second bills to seventh bills were considered to relieve directors of 6 persons such as Guo Tuwei and Qiao Hongbing. Eighth motions to thirteenth motions were added to Cui Jun, Wang Min, Zou Xiaoli, Zhu Wenjun, Wang Shuangshuang, and 6.

The annual report of Xinhua Department Store in 2014 shows that the release of the appointment and removal of Qu qui has a "close" relationship with the holding shareholder of Xinhua Department store.

And the proposal was added.

Among the 6 directors.

Cui Jun is currently the chairman of Bao Yin Chuang win and trillion win investment; Wang Min is the chief investment officer of Bao Yin Chuang; Zou Xiaoli is the general manager of Zhao Ying investment; Zhu Wenjun is currently Deputy General Manager of Bao Yin Chuang; Wang two pairs is now deputy general manager of trillion win investment; Zhang Shu Chao is currently Deputy General Manager of Bao Yin Chuang win.

The above Tianfeng securities dealers told reporters that the 6 directors of the company were all the executives of the two companies. The possibility of all shareholders' approval of the shareholders' meeting was very low. In addition, the relationship between Chui Jun and the controlling shareholder of Xinhua Department store was relatively tight. Therefore, whether the Cui Jun side has entered the board of Xinhua Department store will become an important factor for the establishment of the Chinese version of Berkshire.

Zou Jun analysis, such as wumi traditional enterprises, through financing to increase the two tier market, the pressure should be great, and Shanghai Bao Yin is obviously deployed.

This will not be a simple solution when the two major shareholders will not give up the controlling stake of the company easily.