The Taiping Bird Was Punished By 1 Million 200 Thousand. He Fought With Xu Xiang For 100% Of Control In Ningbo.

On the night of September 18th, Ningbo Pacific bird fashion dress Limited by Share Ltd (603877.SH, Taiping bird) announced that one of the company's actual controllers and company director Zhang Jiangbo received the punishment decision of the Ningbo regulatory authority of the China Securities Regulatory Commission and was fined 1 million 200 thousand yuan.

Specifically, on September 17, 2019 and 18, Zhang Jiangbo received the "Notice of administrative penalty in advance" issued by the Ningbo Supervision Bureau of the China Securities Regulatory Commission (Ningbo Securities Regulatory Commission No. 2019? 2) and the "administrative punishment decision of the Ningbo regulatory authority of China Securities Regulatory Commission" (2019? 1), respectively, and decided to make corrections to the behavior of Zhang Jiangbo's ultra proportional shareholding and the sale and purchase of securities within the time limit for the transfer of the securities, and to impose a fine of 1 million 200 thousand yuan, including a fine of 400 thousand yuan for the unreported conduct of the super shareholding, and impose a fine of 800 thousand yuan on the sale and purchase of securities within the time limit for the transfer period.

Taiping bird announced that the reasons for the investigation were not related to the company, and would not affect the daily production and operation of the company.

In January 11th this year, Taiping bird announced that Zhang Jiangping and Zhang Jiangbo received the notice of investigation by the China Securities Regulatory Commission in January 10th (serial number: Yongzheng investigation number 2019014, Yongzheng investigation number 2019015). In view of the fact that the unauthorized trading of the Ningbo 100 shares was not disclosed and the illegal transactions were conducted in the restricted period, according to the relevant provisions of the People's Republic of China securities law, the China Securities Regulatory Commission decided to file an investigation on Zhang Jiangping and Zhang Jiangbo.

In January 11th, the Bulletin released by Taiping bird said, "Mr. Zhang Jiangping is currently the company's director and chairman, and Mr. Zhang Jiangbo is currently a company director. Mr. Zhang Jiangping and Mr. Zhang Jiangbo will actively cooperate with the investigation. "

According to the new China Jingwei client report in September 18th, the market generally believed that Zhang Jiangping and Zhang Jiangbo were closely related to the controversy over the hundred control rights in Ningbo.

In 2014, "private big man" Xu Xiang took the name of Ningbo in the name of 600857.SH in the name of his parents. In Ningbo, China was regarded as a company controlled by Xu Xiang and Zai Xi.

Back to the announcement, in April 2018, Ningbo Zhong Bai had disclosed an offer report. At that time, Peng Bo investment made it clear that it would be the largest shareholder in Ningbo through the tender offer. Peng Bo investment is a limited liability company jointly sponsored by Taiping bird group and Ningbo Yuanrun five investment partnership (limited partnership). Among them, Taiping bird group owns 87.5% of Peng Bo investment, and Yuan run investment owns 12.5% of Peng Bo investment.

Peng Bo investment started at the beginning of the acquisition of Ningbo 100% of the 27.65% shares, the offer price of 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.

However, the move was affected by Xu Xiang's control of zhe Xi's investment and Development Co., Ltd., Tibet.

Since then, Peng Bo investment has made concessions and abandoned its controlling shareholder, which has substantially reduced the offer to acquire 100% of Ningbo's 27.65% shares. According to the disclosure plan of Ningbo's 100 plus offer, the revised offer offer is about 12 million 671 thousand and 500 shares in the tender offer, accounting for 5.65% of the total capital stock of Ningbo, and the purchase price is 12.77 yuan / share. At the same time, the maximum amount of investment will be reduced from 792 million yuan to 162 million yuan.

As of August 9, 2018, the liquidation transfer procedures for the tender offer have been completed, and Ningbo Peng Bo and its concerted operations share a total of 10% of Ningbo's shares.