China Net Finance, January 2 A few days ago, the Beijing Equity Exchange released relevant information showing that Luoyin Financial Leasing Co., Ltd. (abbreviation: Luoyin Financial Leasing) 6.875% of the equity is being listed for transfer on the exchange, and the reserve price for the transfer is 32.5 billion yuan (325 million yuan), and the transferor is a tow share (**601038SH), the end date of the above equity information disclosure is January 15, 2024. The reporter learned that earlier on, Yituo shares announced that it planned to list and transfer the equity of Luoyin Gold Leasing. In addition, the reporter noted that recently, Yituo shares also issued an announcement that its equity in Zhongyuan Bank will also be listed.
According to the relevant announcement of YTO shares, in order to further focus on the development of the main business and divest non-main assets and businesses, YTO shares plan to transfer the equity of Luoyin Gold Leasing through public listing. After the completion of this equity transfer, YTO no longer holds the equity of Luoyin Financial Leasing. Regarding the above-mentioned equity transfer process, the reporter interviewed Luoyin Financial Leasing, and the other party said that there is no latest progress at present, and if there is progress, Yituo shares will notify Luoyin Financial Leasing.
The reporter learned that YTO hired Beijing Zhongtianhua Asset Appraisal Co., Ltd. (hereinafter referred to as "Beijing Zhongtianhua") to evaluate the equity value of the target on May 31, 2023 as the base date, with a preliminary appraisal value of 30.7 billion yuan (307 million yuan).
At the same time, regarding the above-mentioned evaluation**, YTO said that by comparing the recent transaction cases with strong comparability with Luoyin Financial Leasing and making necessary adjustments and amendments, the price-to-book ratio of Luoyin Financial Leasing was obtained, and the appraisal value of the underlying equity on the evaluation base date was determined: YTO shares held Luoyin Financial Leasing 6The book value of the 875% equity interest is 27.5 billion yuan (27537..)440,000 yuan), with an appraised value of 30.7 billion yuan (307 million yuan) (the final appraisal value filed by the state-owned assets regulatory agency shall prevail), and the appraised value is 3162560,000 yuan, with a value-added rate of 1148%。
According to the relevant announcement, the above-mentioned equity transfer listing** will not be lower than the appraisal value of the underlying equity filed by the state-owned assets regulatory agency, and the final transaction** shall be subject to the formal agreement signed by the public listing. The reporter learned through the Beijing property rights transaction that the current part of the equity of Luoyin Financial Leasing is listed at 32.5 billion yuan (325 million yuan), compared with the appraised ** premium rate of 586%。Regarding the reason for the premium of the listing, Luoyin Financial Leasing told reporters that the relevant pricing standards were evaluated and formulated by YTO shares in accordance with relevant regulations.
According to public information, Luoyin Financial Leasing was established in 2014 and is headquartered in Luoyang City, Henan Province, which is an enterprise mainly engaged in monetary and financial services, with a registered capital of 2 billion yuan. The following are the main financial data of Luoyin Financial Leasing in the latest year and the first phase:
Regarding the impact of this equity transfer, YTO said that the company's transfer of the target equity is conducive to recovering funds, better focusing on the company's core business, and providing more resources for the development of the company's main business. The equity transfer will not affect the scope of the company's consolidated statements, and if the transaction is successfully completed, the company will no longer hold the equity of Luoyin Gold Leasing. This transaction will not affect the normal operation of the company, and the impact on the company's profit and loss shall be subject to the final transaction result.
On the other hand, as the transferee of the equity transfer, Luoyin Financial Leasing said that since YTO shares are a minority shareholder of the company, the relevant equity transfer will not affect its daily operations. Up to now, the shareholding structure of Luoyin Financial Leasing is as follows:
The reporter learned that not long before the equity transfer, at the end of November 2023, the State Administration of Financial Supervision announced a penalty information showing that Luoyin Gold Leasing did not perform its duties due to post-lease inspectionThe five-level classification of loans is not accurate;Break down the rent into fee collections;Failure to acquire ownership of the leased property;Imprudent management of shareholder equity;The Henan Supervision Bureau of the State Administration of Financial Supervision (hereinafter referred to as the Henan Supervision Bureau) imposed a fine of 2.3 million yuan on him in accordance with Article 21 and Article 46 (5) of the Banking Supervision Law of the People's Republic of China and relevant prudent business rules.
At the same time, Yang Yahao (then the head of the Zhengzhou business department of Luoyin Financial Leasing) was responsible for the illegal acts of failing to perform his duties in the post-lease inspection and failing to obtain the ownership of the leased propertyWu Xiaofeng (then the head of the finance department of Luoyin Financial Leasing) was responsible for Luoyin Financial Leasing's illegal act of decomposing the rent into feesZhang Yu (then the head of the comprehensive management department of Luoyin Financial Leasing) was responsible for the illegal and illegal acts of imprudent equity management of the shareholders of Luoyin Financial Leasing, and the Henan Supervision Bureau gave the above three "warnings" in accordance with relevant regulations.
Regarding the above-mentioned violations, whether it will affect the progress of the equity of Luoyin Financial Leasing, as well as the follow-up related equity situation, China Net Finance will continue to pay attention.