(Original title: Xiang Jun, a Hunan businessman who wants to re-enter Shenke Co., Ltd., said that “maintaining the original operation, there is no new driving point”)
Financial Associated Press, May 18 (Reporter Wang Bin)After nearly two years, Hunan businessman Xiang Jun finally got his wish to take over Shenke Shares (002633.SZ). The Cailian Press reporter learned from Shenke that the transfer of controlling rights has not yet involved changes in the management level. The relevant person of the company told the Cailian Press reporter that the original normal operation will be maintained now, there is no new driving point, and the equity transfer is completed. Later, the new major shareholders may have arrangements.
On May 17, Shenke Co., Ltd. announced that the actual controller of the company plans to change. He Quanbo, one of the actual controllers, intends to transfer 28.12% of the company’s total share capital to Beijing Zhongnanshan Investment Holdings Co., Ltd. (“Beijing Zhongnanshan”), and another actual controller, He Jiandong, plans to transfer the company he holds 13.16% of the total share capital was transferred to Tibet Tengyun New Power Technology Co., Ltd. (“Tibet Tengyun” for short), with a total transfer price of 337 million yuan.
“They (He Quanbo, He Jiandong) have always wanted to transfer the controlling stake in the company, probably due to personal capital needs, but they didn’t succeed before. Anyway, this time the agreement was signed, and whether it succeeded depends on their subsequent payment.” people said.
According to the data, Beijing Zhongnanshan’s main business is investment management and investment consulting, and the actual controller after equity penetration is Xiang Jun; Tibet Tengyun’s main business is auto parts research and development, manufacturing and sales. After the completion of the share transfer, Beijing Zhongnanshan will become the controlling shareholder of Shenke, and the actual controller Xiang Jun will also become the actual controller of Shenke.
In fact, this is not the first time that Xiang Jun has sought to acquire Shenke shares.
As early as October 2020, the aforementioned equity transfer was staged once, and even the transfer and the transferred object and the proportion of equity transferred were exactly the same. The only change is that Tibet Huize Hongtu Trading Co., Ltd., which had previously acquired 13.16% of He Jiandong’s company shares, is now renamed Tibet Tengyun.
But a week after the suspension was planned, the first change of ownership fell through. According to Shenke’s announcement, the reason was that some of the approval procedures were not passed.
A reporter from the Financial Associated Press noticed that the 2020 semi-annual report of *ST Stars (300256.SZ) showed that as of the end of the second quarter of that year, Beijing Zhongnanshan ranked eighth in the shareholder list of *ST Stars, with a shareholding ratio of 0.93%. This is also one of the few moves that Beijing Zhongnanshan has a great influence on the capital market.
According to Tianyancha, Xiang Jun is the chairman of Hunan Enterprise Zhongke Hengyuan Technology Co., Ltd. (“Zhongke Hengyuan”), and serves as an executive and legal representative in 40 companies.
It is worth noting that Hunan Huaxin Hengyuan Equity Investment Enterprise (hereinafter referred to as “Huaxin Hengyuan”) under Xiang Jun is the second largest shareholder of Huatian Hotel (000428.SZ), a listed company in Hunan. The first quarterly report of 2022 shows that Huaxin Hengyuan holds 22.72% of the shares. In addition, Xiang Jun is also one of the shareholders of Jiangshan Holdings (00295.HK), a Hong Kong-listed company. Baohua Jiatai Private Equity Investment Fund, which is actually controlled by “Tomorrow Department”, is the largest shareholder of Jiangshan Holdings.
According to public information, Xiang Jun was born in Changsha in 1968 and has a postgraduate degree. According to media reports, Xiang Jun is good at capital operation, has done trade, made a fortune in real estate, and later entered pension and cultural tourism real estate. It is reported that the original idea of Xiang Jun’s investment in Huatian Hotel was to be an urban hotel pensioner.
In 2012, after Zhongke Hengyuan’s application for listing on the SME board was blocked, Xiang Jun teamed up with Xiao Jianhua, the actual controller of the “Tomorrow Department”, to seek a backdoor listing of Jiangshan Holdings, but the dream was broken again because Xiao Jianhua was arrested. A reporter from the Financial Associated Press noticed that in May 2019, after Qin Guangrong, the former secretary of the Yunnan Provincial Party Committee, was investigated, Xiang Jun was also implicated. According to public information, Qin Guangrong is from Yongzhou, Hunan, and served as secretary of the Changsha Municipal Party Committee before being transferred to Yunnan.
Shenke Co., Ltd. is mainly engaged in the research and development, production and sales of thick-walled sliding bearings and accessories. The financial report shows that from 2019 to 2021, the company’s net profit was negative for three consecutive years; in the first quarter of this year, the company achieved revenue of 55.85 million yuan, a year-on-year increase of 40.78%, and a net profit attributable to the parent of 1.08 million yuan, a year-on-year decrease of 1.73%.
(Editor Liu Yan)