南京維嘉標簽印刷有限公司
Nanjing Weijia Label Printing Co., Ltd
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Beijing limadun moved to a new site. Why do the major shareholders of the listed companies in the printing circle withdraw frequently?
A few days ago, three good students focused on a recruitment information: one of the few large cigarette printing enterprises in the north, and Beijing limaton Pacific Packaging Co., Ltd. is recruiting.
What is unusual about a printing enterprise recruiting people? In January, 2018, almost two years ago, three good students started from a recruitment information. Through the cocoon stripping, we found that the factories in limaton, Beijing have been shut down, and the main production capacity is moved to Xuanhua County, a subordinate to Zhangjiakou City, Hebei Province, and merged with a local printing enterprise.
The specific cooperation mode is: the equity orient of Beijing limaton controls a local printing enterprise of Xuanhua through a series of operations, which paves the way for the production capacity combination of the two enterprises.
The problem is: the location of the newly recruited information from Beijing's limaton is located in Caofeidian Industrial Zone, Tangshan, Hebei Province.
Just two years ago, why did Beijing limaton start to recruit people to Caofeidian again?
Three good students quickly pickpocket found: as early as the first half of 2018, Beijing has signed a contract with Caofeidian Industrial Zone; In July of the same year, the information in progress of the packaging project of Caofeidian in limaton appeared online; Recruitment information shows that the project is scheduled to be officially put into operation in may2019.
So, it seems that Beijing limaton has moved from Xuanhua to Caofeidian.
Continue to go back to find: Xuanhua local printing enterprise, which was originally jointly invested with Beijing limaton, became a sole proprietorship in february2019, and the Hong Kong investment company representing Beijing City withdrew in full.
And the information of industrial and commercial registration shows that the address of the enterprise in limaton, Beijing, has become "Sino Japanese Park, Caofeidian Industrial Zone, Tangshan City, Hebei Province".
This, very firmly: Beijing imarton did move to Caofeidian. There is a boss who may have to say: moved to Hebei, why can I call "Beijing limaton"? This is related to a special policy of Caofeidian Industrial Zone: Beijing enterprises settled in the industrial zone can not change their names, but only change their business places.
A printing enterprise originally developed in Beijing has been relocated twice in just over two years. That is, the bottom of the entrepreneur of cigarette bag is thick, and other printing enterprises really can't stand such a mess.
As for just after the Xuanhua was settled, why did Beijing limaton move his mind to Caofeidian again? Three good students can not make a clear.
However, as long as the enterprise can stand, move many more, still the boss own business. But what if the equity is sold or sold almost? Basically, it can only be: the enterprise changes the owner, the old boss exits, and the new boss will be on the stage.
What we're going to say next is the topic of exit. And it involves four listed companies in the circle: Jielong Industry, Hongbo shares, which have changed the majority shareholders, and the major assets reorganization, which probably requires the new boss to appear on the stage of posheng and eskai.
Jielong Industry and Hongbo shares of the majority shareholder change owner
Why do you want to talk about this topic? Relating to a notice.
On January 4, Hongbo announced that the actual controller of the company, the Yu family, will hold 40 million shares (8.03% of the total share capital), and the transaction agreed to transfer to Henan Huiyi Trading Co., Ltd. has been completed.
Huiyi trade and Henan Yutai Holding Co., Ltd., which owns 14.30% of Hongbo, are actually controlled by Maowei, the current chairman of Hongbo.
Therefore, after the completion of the transaction, Mao Wei will control 22.33% of the voting rights of Hongbo and become the new actual controller of the company, while the Yu family still holds 11.27% of the shares of Hongbo.
The Hongbo equity held by Yutai holdings was acquired from the Yu family in may2019 with a capital of about 713million yuan.
According to the announcement issued on May 10, 2019, the Yushi family had planned to entrust the voting rights corresponding to 15.69% of the shares to Yutai holdings while the equity transfer was conducted. Maowei, the major shareholder of Yutai holding, will become Hongbo new actual controller.
However, the terms of the voting power entrustment were terminated by the two parties after negotiation, and the equity transfer was successfully completed at the end of the month. Less than a month after the deal was completed, Mao Wei was elected the new chairman of Hongbo.
Therefore, the acquisition of Hongbo shares by Huiyi trade can be regarded as the continuation of the last transaction.
According to the announcement issued by Hongbo in early November 2020, the consideration of this transaction is 318million yuan.
That is, 22.33% of Hongbo's shares sold 1.031 billion yuan. As of January 8, the latest market value of Hongbo was 3.160 billion yuan, and 22.33% of the shares were equivalent to 766 million yuan. There is a good premium for the two-phase comparison.
Through two transactions, Mao Wei would like to obtain the actual control of Hongbo, and the yous family successfully realized the majority of the equity realization exit.
Many bosses know that listing is an effective way to realize the realization of equity withdrawal. As for how to operate, Hongbo's two equity transactions undoubtedly provide a sample.
It is easy to associate with Hongbo that Jielong Industry, another listed company with the change of shareholders, is easy to recall.
As a listed company, Jielong Industry has a much older qualification than Hongbo. It successfully landed on the stock exchange as early as 1994, and it was 14 years earlier than Hongbo.
On August 16, 2019, Jielong industrial issued a notice that Shanghai Jielong group, a major shareholder of the company, has signed an agreement on the intention to transfer shares with Shanghai huanguan New Materials Technology Co., Ltd., which or its designated subject intends to acquire 27.23% of the shares held by the former.
Three months later, Jielong Industry announced that Shanghai Jielong group had signed the framework agreement on the arrangement related to the change of control with huanguan and related parties.
Both parties agreed that 27.23% of the listed companies' equity is priced at 1.4 billion yuan, and Jielong group will acquire the equity of eight printing subsidiaries from the listed companies and sell 17% of the shares of Shanghai Jielong United Real Estate Co., Ltd. to the listed companies.
Later, the equity of 8 printing subsidiaries was 620million yuan, while 17% of Jielong United real estate company was priced at RMB 16905800.
The transaction has changed from one transaction to another, and the transferee has become a business management partnership of Zhejiang development Yilian, Hangzhou. Until now, the equity transaction has not been completed. Zhejiang Fayi company currently holds 19.69% of Jielong Industry, while Shanghai Jielong group still holds 7.54%.
However, the actual control of Jielong Industry has changed in August 2020, and the company name was changed to: Shanghai Yilian Industrial Group Co., Ltd.
In just over 4 months, there are two printing companies that have actually changed control, is it surprising?
Poson and eskey, which are pushing for major restructuring
The key is that the actual controller changes of Jielong Industry and Hongbo shares are not all.
Of the few listed companies in the printing circle, two more companies may face the change of shareholders. They are: Poson and eskey, which are pushing forward major asset restructuring. Poson, from Shanghai, is a leading supplier of aseptic packaging equipment and materials for liquid food, and has been once known as "China's Tetra Pak".
In 2015, Poson landed on the Shenzhen Stock Exchange gem. In 2010 before listing, it had obtained the investment of Softbank China, which is a famous soft bank group, and its shareholding ratio is up to 23.28%.
Once with Alibaba's big shareholders, who has such a big appeal in the printing packaging circle?
Of course, the shares of posheng held by Softbank China have not been reduced, but there are few left.
At present, not only is Softbank China heartless, but also the majority shareholders of prisson have already begun to retreat.
In November 2020, Poson disclosed the plan for major asset restructuring. The specific operation mode is to set out all assets and liabilities as of the benchmark date of appraisal from the listed companies. Meanwhile, it will put 100% equity of Runze Technology Development Co., Ltd. The difference between the assets placed and the assets placed shall be purchased by the listed company from the shareholders of Runze technology by issuing shares and raising supporting funds.
Three good students picked up, registered in Langfang, Hebei Province, Runze technology, the main business is Internet data center services. That is to say, it provides server hosting, virtual host and other value-added services for Internet enterprises.
According to the current plan, after the reorganization, Poson will not only change the majority shareholders and actual controller, but also change its main business, thus becoming a listed company without any connection with printing packaging.
To be frank, it is: as a business in the circle, prisson, the rate will be "borrowed" by an enterprise that is mainly engaged in Internet data center.
Also in the planning of "shell borrowing" restructuring, there are also the main CTP equipment listed companies in the circle of eskai.
Eskai is registered in Guangzhou and listed on the Shenzhen Stock Exchange gem in July 2016. In the domestic CTP equipment production enterprises, the number and popularity of the installation of Aishi is among the top. In may2020, ESK disclosed the plan for major asset restructuring, and the operation mode was the same as that of Poson: to set out all assets, liabilities and businesses from listed companies. At the same time, it will put 100% equity of Pengcheng Jinyun Technology Co., Ltd.
The appraisal value of the assets to be put forward is 546 million yuan, and the value of the assets put into the assets is 2.546 billion yuan. The difference of RMB 2billion shall be purchased by the listed company from shareholders of Jinyun technology by issuing shares and raising supporting funds.
Coincidentally, Jinyun technology, registered in Shenzhen, is also the main business of Internet data center business.
After the reorganization, the major shareholders and actual controllers of eskai will change their owners and the main business will be completely changed.
Boss said, these two companies engaged in Internet data center, how can we have such a vision? Almost at the same time, we have been looking at two listed companies in our printing circle to restructure their assets.
Of course, Sanhao students noticed that the majority shareholders of eskai will still hold 14.66% of the listed company after the reorganization. But it's no longer dominant. I think Poson may have the same arrangement.
Why do the majority shareholders of the listed companies in the printing circle withdraw frequently?
According to the unofficial standards of Sanhao students, there are 34 listed companies in the printing circle. Even if it is wider, it can't exceed 50.
For an industry with nearly 100000 enterprises, the number of listed companies is not much. In just over a year, there are four listed companies' major shareholders who have changed their owners or may change their owners. It is very impressive to think about it.
And from the plan after the change of shareholders, besides Hongbo still insists on the existing main business, posheng and ESK plan to completely set out printing related businesses; Jielong Industry, which has been renamed as Shanghai Yilian, focuses on promoting the large medical and health business in addition to retaining some printing business.
Facing this dazzling series of equity transfer and asset restructuring, many bosses may ask: Why are the big shareholders of these four listed companies willing to transfer control over the hand?
First, what can be seen is that this transfer can bring huge profits to the large shareholders of listed companies.
For the major assets restructuring companies, prisson and ESK, the benefits that the existing major shareholders can obtain are not clear, but it is necessary to have relevant arrangements.
If listing is an effective way to realize the stock exit, when this day comes, it will be accompanied by the equity transaction. Whether it is an agreement transfer or a secondary market reduction.。
So, the more core question is: why do the major shareholders of these four enterprises choose to transfer their shares or promote the restructuring of major assets at this time point?
This is related to the development status of each enterprise. Think about it: if a listed company is in a period of rapid expansion, will the majority shareholders have the idea of giving up others? In recent years, it seems that Jielong Industry, Hongbo, or posheng and eskai have met some challenges in business.
For example, in 2017-2019, the revenue of none of the four companies has been growing continuously. In 2019, compared with 2017, it decreased by 18.05%, 9.85%, 7.80% and 8.49% respectively.
In the same period, the net profit (hereinafter referred to as "net profit") belonging to the shareholders of the listed companies is not ideal.
Jielong Industry lost two years in a row, while pristine lost 241million yuan in a year. Hongbo and ESK made profits for three consecutive years, but the former had the highest net profit margin in 2019, which was only 5.64%; The latter's net profit has been declining continuously, which has fallen to 5.7678 million yuan by 2019, a 84.28% decrease from 2017.
As the boss knows, printing has become more and more difficult these years, and it is more and more difficult to make money.
In this case, if the boss gives the majority shareholders a chance to withdraw from cash out, is it easy for both parties to make a joint venture?？
In the view of Sanhao students, this may be the main reason why the major shareholders of four listed companies decide to withdraw from the transfer.
However, for listed companies, big shareholders are not interested in fighting, and can exit smoothly through the capital market. What about the other large number of business owners? If you can't sell it, and you don't want to close it, I'm afraid you can only stick to it and stick to it.
