Empty gloves, investor claims, and tens of millions of shares frozen!What has Zhao Wei done in the capital market these years
Zhao Wei, who once became popular with “Huanzhugege”, has now become the focus of being “excluded” from the TV series “Huanzhugege”.
On August 26, the Red Star Capital Bureau discovered that Zhao Wei had been removed from film and television dramas and variety shows on major video platforms, including “Tiger Mom Cat Dad”, “Deep Love and Rain”, “Mulan”, “Hong Kong Joke”, etc., even back then Zhao Wei’s name has been deleted from the “Huanzhugege” of “Flying Soaring to the Sky”.
What’s more serious is that all entries related to Zhao Wei on the “Aiyou Teng” APP have disappeared. On Sina Weibo, Zhao Wei’s super chat has also been blocked.
Counting down Zhao Wei’s more than 20 years of acting career, she gradually intervened in the capital circle after she became famous, and she has been subject to controversy.
On April 16, 2018, the China Securities Regulatory Commission took measures to ban Zhao Wei, Huang Youlong (Zhao Wei’s husband), and Kong Deyong from entering the securities market for five years; Wanjia Culture (now renamed Xiangyuan Culture, 600576.SH) and Longwei Media were separately imposed A fine of 600,000 yuan was given; Kong Deyong, Huang Youlong, Zhao Wei, and Zhao Zheng were warned and fined 300,000 yuan respectively. On November 20 of the same year, the Shanghai Stock Exchange again publicly determined that Huang Youlong and Zhao Wei were not suitable to serve as directors and supervisors of listed companies within 5 years.
Zhao Wei was banned from entering the securities market for five years and was unable to serve as a director or supervisor of a listed company. Behind it was an acquisition involving a financing amount of 3 billion yuan and a leverage of 51 times.
On December 8, 2016, Longwei Media, which had just been established for more than a month, announced that it intends to acquire 29.14% of Wanjia Culture. The acquisition requires a total of 3.06 billion yuan. But in fact, Longwei Media’s own funds are only 60 million yuan.
Where does the remaining 3 billion yuan come from? Before Longwei Media announced the acquisition, Huang Youlong appointed Zhao Zheng to contact Qin Bo, the actual controller of Yinbixin, and planned to borrow 1.5 billion yuan from Yinbixin. Qin Bo requires financial support from financial institutions. Zhao Zheng said that if the loan from financial institutions comes first, Longwei Media will give priority to using the funds of financial institutions. Since then, according to Kong Deyong and others, the Hangzhou Branch of China CITIC Bank intends to provide financing services for Longwei Media with a financing amount of 3 billion yuan.
in other words, Of the 3.06 billion acquisition funds, 3 billion were “borrowed” and the leverage ratio was as high as 51 times. Therefore, the outside world also referred to the acquisition as an “empty glove”.
However, in January 2017, when Longwei Media responded to an inquiry from the Shanghai Stock Exchange, it said that in addition to its own funds of 60 million yuan, the acquisition funds will borrow 1.5 billion yuan from Yinbixin and pledge the remaining 1.499 billion yuan from financial institutions. .
But since then, Longwei Media’s financing plan to China CITIC Bank Hangzhou Branch has not been approved by the CITIC Bank’s head office. At the same time, Yinbixin also failed to provide Longwei Media with a follow-up loan of 1.2 billion yuan in accordance with the payment deadline of the equity transfer payment. Longwei Media, which failed in financing, announced that it would adjust the total purchase price to 529 million yuan. After the purchase amount has shrunk sharply, it is still unsuccessful.
Involved in multiple securities disputes
The new securities law is promulgated, “Zhao Wei who is in charge of cutting leeks”
This massive acquisition has thus been suspended, and it has also ushered in regulatory penalties. The SFC pointed out that Longwei Media’s behavior seriously misled the market and investors, and caused great attention from the market and the media, causing the stock price of Wanjia Culture to fluctuate sharply and seriously disrupting the normal market order.
Market bans, fines, and investor lawsuits followed one after another. In January 2019, 140 investors sued Xiangyuan Culture (formerly Wanjia Culture) and Zhao Wei Securities for false statements. The highest amount involved exceeded 10 million yuan. The Hangzhou Intermediate People’s Court ruled that Zhao Wei lost the lawsuit and should bear joint and several liability for compensation. . However, Zhao Wei refused to accept the judgment of the first instance and filed an appeal.
At that time, the lawyer representing the plaintiff of the case stated in an interview with the media that the statute of limitations for such cases is as long as three years. “In order to reduce the scale of claims and delay the payment time, the defendant’s appeal is also a common litigation strategy.”
At the same time, Wanjia Group gave up asking Longwei Media for liquidated damages of 150 million yuan, and voluntarily refunded the 250 million yuan that it had paid for the equity transfer. Investors suffered heavy losses, but Zhao Wei herself was not greatly affected.
Regarding this incident, during the plenary meeting of the Shanghai delegation during the National “Two Sessions” in March 2019, Fan Yun, a representative of the National People’s Congress, pointed out: “Currently, the maximum penalty in the Securities Law is only 600,000 yuan, which cannot solve the problem. For example, Zhao Wei made several billions of leek cuttings, and for more than one crime, he was fined 700,000 yuan in total!”
On March 1, 2020, the new “Securities Law” was formally implemented, and penalties for various violations were increased. For example, for fraudulent issuance, the original maximum fine of 600,000 yuan (in the case of unissued securities) or 5% of the raised funds (in the case of issued securities) has been increased to the maximum penalty of 20 million yuan or raised funds. Double the fine; for insider trading violations, a fine of up to 5 times the original illegal income can be imposed to a maximum of 10 times the illegal income.
Still the ultimate beneficiary of Longwei Media
There are 14 affiliated companies under its name, and tens of millions of shares have been frozen
After the sky-high price acquisition, Zhao Wei withdrew from the management of Longwei Media. But so far, Zhao Wei still holds 95% of the shares and is the ultimate beneficiary of Long Wei Media.
On the evening of August 26, Zhao Wei suddenly appeared on the hot search, related works were delisted, and Weibo Chaochao was blocked. The Tianyancha app shows that Zhao Wei currently has 14 companies associated with her name, including Zhao Zhao (Shanghai) Film and Television Culture Studio, Wuhu Dongrunfa Investment Co., Ltd., Tibet Longwei Culture Media Co., Ltd., Beijing Prince Culture Communication Co., Ltd. For limited liability companies, the capital map involves film and television, entertainment, investment, technology, etc.
In December 1999, Zhao Wei invested and established Shanghai Xinyi Culture Communication Co., Ltd., Zhao Wei’s brother Zhao Jian served as the company’s supervisor. Both companies are held by Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., a subsidiary of Zhongsheng Real Estate. Since then, Zhao Wei’s capital layout has gradually expanded, and most of them have actual holdings through their relatives.
In 2002, Beijing Prince Culture Communication Co., Ltd. (hereinafter referred to as “Princes”) was established. Zhao Wei is both an artist and one of the investors. Zhao Wei and her mother Wei Qiying hold 70% and 30% of the company’s shares respectively. Recently, Prince Sisi withdrew from the ranks of shareholders of many companies. The company that recently withdrew was Shanghai Tongtongxin Culture Communication Co., Ltd., and the actual controller of the company was changed from Zhao Wei to Wei Qiying.
It is reported that in the 2013 movie “To Youth” directed by Zhao Wei, Princes is one of the investors. Zhang Zhehan, who was previously terminated by major brands due to improper behavior, is also a contracted artist of Princes.
According to Qixinbao, Zhao Wei’s mother and Su Mang had previously jointly invested in Beijing You Nie Culture Media Co., Ltd., holding 11% and 10% of the shares respectively, making them the company’s second and third largest shareholders.
Tianyancha APP shows that since 2017, Zhao Wei has not established a new company personally. Since then, it has gradually withdrawn from the ranks of shareholders of some companies. In April 2021, in addition to her personal film and television studio, the other 6 companies that are associated with Zhao Wei have multiple shares freeze information. Including Wuhu Dongrunfa Investment Co., Ltd., Hebao Entertainment Group Co., Ltd., Beijing Prince Culture Communication Co., Ltd., etc., the person to be executed is Zhao Wei, and the total amount of frozen shares exceeds RMB 18.6 million. Most of the above-mentioned companies have Zhao Wei as the major shareholder.
State Administration of Radio, Film and Television: Seriously deal with performers who violate laws and regulations
On August 27, the State Administration of Radio, Film and Television issued a document stating that it severely dealt with illegal and illegal entertainers and related institutions, tax evasion, “yin and yang contracts”, and “extraordinary remuneration” violated laws and regulations, disrupted the order of the industry, and impacted the bottom line of social fairness and justice. This “zero tolerance”.
At the same time, the State Administration of Radio, Film and Television will further strengthen the standard management of performers’ remuneration, strengthen industry management and team education, and resolutely hold accountable performers and related institutions who violate laws and regulations.
In addition, on August 26, the State Cyberspace Administration of China issued a notice on further strengthening the management of chaos in the “rice circle”, canceling all individual or group ranking lists involving celebrity artists, and prohibiting new or disguised online personal lists and related products. Or function. Only the rankings of music works, film and television works, etc. can be kept, but personal identifications such as the names of star artists are not allowed.
Recently, the unethical behavior of many entertainers has been exposed, and the corresponding price has been paid for this. As the People’s Daily commented earlier: “As much as the false aura is, the price will be paid as much as it is, and the profession of’actor’ must be respected.”
Reporter | Xu Yuan Deng LingyaoReturn to Sohu to see more
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