The Financial Associated Press reported on September 4 that Omar Electric had a thunderstorm.
Yesterday evening, Omar Electric issued an announcement stating that the current management of the company recently discovered that the subsidiary Tibet Net Finance had a pledge of 145 million yuan of time deposit certificates in Bank of Guangzhou. The external guarantee of the time deposit certificate failed to fulfill the decision-making procedures and information disclosure obligations required by laws and regulations, and was suspected of illegal external guarantee.
The company’s stock trading will be subject to other risk warnings, the company’s stock abbreviation will be changed to “ST Omar”, and the stock trading day will be limited to 5%. Trading of the company’s shares will be suspended for one day starting on September 6.
According to the announcement, according to relevant information recently obtained by the current management of the company: Jiangsu Nifi Biotechnology Co., Ltd. (Party A, as the lender, hereinafter referred to as “Nifi Company”) and Tibet Net Finance (Party B, as the borrower, The deposit certificate pledger) signed the “Loan and Guarantee Contract” in August 2020. The two parties agreed that Tibet Net Finance would borrow 145 million yuan from Nife Company, with a monthly interest of 3 cents and an annual interest rate of 36%. The funds should be transferred to Tibet Net Finance. Bank account opened by Guangzhou Bank.
On the day the loan expires, Tibet Net Finance shall pay the principal and interest of the loan to the bank account designated by Nifee Company. The bank account designated by Nifee Company is the bank account opened by Mingke International Trade Co., Ltd. in Zhangjiagang Free Trade Zone (Ding Fang, as the debtor under the deposit certificate pledge contract, hereinafter referred to as “Minke Company”) in the business department of Bank of Guangzhou.
At the same time, Nifi Company (Party A, as the lender) and Tibet Net Finance (Party B, as the borrower and deposit certificate pledger), Zhao Guodong (Party C), and Mingke Company (Party D, as the debtor under the deposit certificate pledge contract) In August 2020, the “Supplementary Agreement to the Loan and Guarantee Contract” was signed, and the parties agreed: (1) Tibet Wangjin borrowed money from Nifi Company, and both parties signed the “Loan and Guarantee Contract” and related ancillary documents for the loan; 2) Mingke, Tibet Net Finance and Guangzhou Bank signed a business cooperation agreement. Tibet Net Finance pledged its 145 million bank deposit certificates with Guangzhou Bank for the amount owed by Mingke Company to Guangzhou Bank.
According to the announcement, Tibet Net Finance’s aforementioned external guarantees have not been reviewed by the company’s board of directors or the general meeting of shareholders, nor have it fulfilled its information disclosure obligations. It is suspected of providing guarantees in violation of regulations, and the amount of the time deposit certificates of units used by Tibet Net Finance to provide pledge guarantees has reached RMB. 145 million yuan. The suspected violation of external guarantees by Tibet Net Finance constitutes a situation of “external guarantees provided in violation of the prescribed procedures and in serious circumstances” as stipulated in Article 13.3 (5) of the “Shenzhen Stock Exchange Stock Listing Rules (2020 Revision)”.
The announcement also revealed that the company’s current board of directors will take measures to eliminate risks, actively communicate with relevant shareholders, and urge them to take measures to resolve the problem as soon as possible, and strive to remove the risk warning as soon as possible.
In fact, only ten days ago, Omar Electric issued an announcement stating that TCL Home Appliances Group is offering to acquire Omar Electric’s unrestricted shares held by shareholders other than TCL Home Appliances Group and Zhongxin Rongze. The number of shares offered for acquisition is 249 million. Shares, accounting for 22.99% of the total share capital of the listed company, and the tender offer price is 6 yuan per share.
After the acquisition announcement was issued, Omar Electric closed the trading day directly on the next trading day, and also recorded a daily limit on the second trading day.
Omar Electric Daily K-line Chart
According to data, as of June 30 this year, Omar Electric’s number of shareholders was 54,300, with an average holding of 17,730 shares of circulating shares and an average of 97,700 shares held per capita.
In fact, after its semi-annual report was released, the Shenzhen Stock Exchange issued an inquiry letter.
Performance shows that in the first half of 2021, Omar Electric achieved operating income of 4.806 billion yuan, an increase of 33.99%; net profit attributable to shareholders of listed companies was 78.116 million yuan, an increase of 42.86%; The net profit of sexual gains and losses was 48,846,900 yuan, a year-on-year increase of 1.25%. The net cash flow from operating activities was -546 million yuan, a year-on-year decrease of 5043.44%.
The Second Department of Management of Listed Companies of the Shenzhen Stock Exchange requires it to explain the following:
1. According to the 2020 annual report, Omar Electric’s factoring business income in 2020 is only 8.235 million yuan, and the financial technology business sector income in the first half of 2021 is zero. Please explain the reason and rationality of the new large factoring receivables during the reporting period when the performance of Omar Electric’s financial technology business segment has fallen sharply in recent years and the relevant business is planned to be disposed of. Whether Omar Electric, Omar Electric’s current controlling shareholder, actual controller, Omar Electric’s directors, supervisors, and senior executives has an associated relationship or other business cooperation relationship, please explain whether the factoring business has commercial substance and whether there is a risk in the recovery of related funds. , And Omar Electric’s response measures.
2. According to the semi-annual report, Shanxi Huitong Hengfeng Technology Co., Ltd., a subsidiary of Omar Electric, remitted 900 million yuan of factoring business funds into the account of the customer, CNPC Yunze Petrochemical (Dalian) Co., Ltd. in January 2021. On October 20, 2020, Omar Electric had disclosed that it had recovered a total of 941 million yuan due from Zhongrong Jin (Beijing) Technology Co., Ltd. to Omar Electric, which had been transferred to Huitong Hengfeng Bank’s account. The above payment amount is similar to the transfer amount of the factoring business, and both are only through the Huitong Hengfeng Bank account.