The Pacific Bird Brothers, Who Started Their Business, Eventually Crashed In The Capital Market.

A notice of Taiping bird (603877. SH) of the listed company made it possible for the birds to compete for the past.

In the evening of January 10th, Taiping bird announced that the real controller Zhang Jiangping and Zhang Jiangbo were investigated by the SFC.

Zhang Jiangping is currently chairman of Taiping bird and Zhang Jiangbo is currently director of Pacific bird.

What caused the market concern is that the announcement disclosed that Zhang's brother was investigated because he was "suspected of holding over 100% of Ningbo's 100 (600857) shares and unauthorized pactions during the period of restriction".

In April this year, the two men of Zhang Jiangping and Zhang Jiangbo brothers and the Zai Xi Department of Xu Xiang, a private equity gangster, launched a battle for control over Ningbo's hundred (600857. SH).

The war ended in the end of the Zhangs brothers' abandonment of the controlling stake, and the two sides reconciled.

At present, Zhang's brothers hold 10% of Ningbo's shares, second to Ningbo's 100 largest shareholder and Zai Xi's Tibet Ze investment and Development Co., Ltd., holding 15.78% of the shares.

Now, it seems that the surface of the equity battle is calm or underneath.

Fashion tycoon

Compared with Xu Xiang, a private big man, the two Zhang Jiangping and Zhang Jiangbo brothers have been involved in the capital market for a short time.

In early 2017, Pacific bird landed on the A stock market.

As early as 2010, Zhang brothers had planned to list Taiping bird.

In 2014, the SFC's official website released the prospectus of Taiping bird, and after 3 years of queuing up, Zhang's brother got his long cherished wish.

So Zhang Jiangping once had a phrase, "IPO for many years, I have lost my temper."

At the beginning of the listing, the Zhang Jiangping family together held 51.04% of the shares of the listed company. With the Taiping bird listing, the Zhangs family wealth rose, and achieved a leap in the domestic fashion industry's richest list.

At present, Zhang Jiangping and Zhang Jiangbo brothers jointly hold 58.63% of Taiping bird.

Although Taiping bird emphasized in the announcement that the investigation case did not involve the Taiping bird company itself, it would not affect the daily production and operation of the company. But after the announcement, Taiping bird's stock price continued to decline for two consecutive trading days.

Zhang Jiangping brothers have been working hard for many years in the clothing industry.

In 1992, Zhang Jiangping and his brother borrowed twenty thousand yuan to start the dream DIY garment factory. This is also the predecessor of Taiping bird group holding a listed company.

Since the registration of "Taiping bird" trademark in 1996, the Pacific bird started by men's clothing has gradually expanded the industry to the field of women's clothing. After that, children's clothing has been developed, and the target group has become more fashionable and younger.

After the listing, Taiping bird's younger pformation continues to accelerate.

In terms of financial data, Taiping's pformation is still successful.

The company achieved revenues of 4 billion 888 million yuan in the first three quarters of 2018, an increase of 13.14% over the same period last year, and net profit of 282 million yuan, up nearly 70% over the same period last year.

In 2017, Taiping bird earned 7 billion 142 million yuan.

Capital player

Ningbo is regarded as a real control company by Xu Xiang and zhe Xi in 2014. In 2014, Xu Xiang was named as the 100 in the name of his parents.

Although Xu Xiang has been in prison, Ze Chai is still firmly in charge of Ningbo 100.

Ningbo's 100 main department stores for many years, Taiping bird's first store is opened in Ningbo, Ningbo hundred stores under the banner of the second department store.

Taiping bird, a Ningbo based enterprise, launched an offer offer to Ningbo in April of this year. Zai Xi Department responded by calling back, causing market and regulatory concerns.

After the two brothers were placed on file, the bird's announcement and Zhang Jiangping's comments were even more intriguing.

After issuing the tender offer, the Taiping bird group released a statement on the Pacific bird's offer to buy Ningbo in Ningbo.

The statement said that since the beginning of 2018, the price of Ningbo's hundred shares has fallen deeply, which has seriously damaged the interests of the small and medium-sized investors.

Nevertheless, as an old brand, Ningbo two hundred has a deep emotional status in the hearts of all walks of life in Ningbo. The department store management team has been dedicated and pragmatic for many years, and the basic conditions for continued operation remain.

Zhang Jiangping, the real controller of Taiping bird group, hopes that through part of the tender offer, Ningbo will get rid of the capital vortex fundamentally and make the listed companies return to the path of industrial development. At the same time, it will also reduce the uncertainty that the future disposal of frozen shares may bring to the listed companies.

This idea has also been endorsed and supported by the municipal, district government and relevant departments.

While Zhang Jiangping said in the interview, the excitement is still in clothing, or even fanaticism, and denies giving up the clothing industry.

"I think this is something that everyone has read over and over.

And Peng Bo investment is Taiping bird group below investment plate, and the listed company system has nothing to do with the listed company Taiping bird focus on clothing industry, the largest shareholder is Taiping bird group.

Whether in equity or industry, there is no relationship between the two. "

Ningbo Peng Bo, a real control of Taiping bird group, began to acquire 100% of Ningbo's shares in the beginning, and the offer price was 12.77 yuan / share.

The money comes from Yuan run's 600 million yuan interest free loan, which is actually controlled by the Ningbo Efficient Finance Holding Ltd.

If the acquisition is completed, the Ningbo Peng Bo will replace the Zai Xi system, the top 100 shareholders in Ningbo, and the actual controllers in Ningbo will change accordingly.

The two sides then launched offensive and defensive warfare.

Finally, Ningbo Peng Bo made concessions to abandon its controlling shareholder and decided to reduce its tender offer to 5.65%.

Finally become the second largest shareholder in Ningbo.

In addition, Ningbo Peng Bo also promised to continue to increase its holdings within two months after the completion of the acquisition.

Ningbo Peng Bo agreed to strategic shareholding in Ningbo, and had the right to nominate one hundred Ningbo directors.

The acquisition is still in the process of being seen. Some doubts in the acquisition have attracted the attention of the media.

Media revealed that Taiping bird related suspected accounts were held before the tender offer.

Suspected of being the fourth largest circulation shareholder of Pacific bird shares, Pan American investment, according to reports, Pan American investment in Ningbo, holding 100% of the shares of the 0.54%, but not listed as a concerted action.

There have also been media reports that since the second half of 2017, Zhang Jiangping and others have begun to build a warehouse in Ningbo in 100, and raise money in the two tier market, including the accounts of Zhang Jiangping himself and the concerted action.

Since then, Ningbo Peng Bo has issued a Clarification Announcement on the above reports through Ningbo Zhong Bai, saying it has not found any reports of concealing the concerted action relationship, insider trading, and setting up the warehouse ahead of schedule.

In less than half a year, Zhang Jiangping and Zhang Jiangbo brothers, who started their businesses, end up in the capital market.

Source: Da Mo financial writer: Liang Tian