Due to the equity transfer dispute, the relevant creditors submitted a judicial ruling to the court for compulsory enforcement, and the equity of Jiayun Technology, a listed company under Kaisa Group, is about to be auctioned publicly. Jiayun Technology recently announced that the company recently received a notice from the controlling shareholder Shenzhen No. 1 Warehouse Jiasu Network *** referred to as "Jiasu Network") that the Intermediate People's Court of Dongguan City, Guangdong Province (hereinafter referred to as "Dongguan Intermediate Court") will publicly auction a total of 135225900 shares of Jiayun Technology held by the executor Jiasu Network on the judicial auction platform of Jingdong Network from 14:00 on January 18, 2024 to 14:00 on January 19, 2024 (except for delays).
Jiayun Technology announced that the controlling shareholder Jiasu Network holds about 13.5 billion shares will be auctioned judicially, accounting for 100% of the company's shares and 21% of the company's total share capital31%。If the share auction is successful, it may lead to a change of control of the company.
According to the announcement issued by Jiayun Technology at the end of March this year on the receipt of the "Enforcement Ruling" by the controlling shareholder, Dongguan Trust (hereinafter referred to as "Dongguan Trust") applied to the Dongguan Intermediate People's Court for the enforcement of the equity transfer dispute between Jiasu Network, Kaisa Group (Shenzhen) ** referred to as "Shenzhen Kaisa"), and Shenzhen Kaisa International Federation of Things Trade City *** referred to as "Kaisa International Federation of Things Trade City"), which was filed and executed in accordance with the law. According to the effective legal documents, the judgment debtor Jiasu Network and Shenzhen Kaisa shall pay the repurchase money, premium amount, liquidated damages, etc. of equity income rights to Dongguan Trust, the applicant for execution4.5 billion yuan;Dongguan Trust, the executor of the applicant, has the right to pledge 100% of the equity of Jiasu Network held by Kaisa International IoT Trade City.
In accordance with the relevant provisions of the Civil Procedure Law of the People's Republic of China, the Dongguan Intermediate People's Court ruled that: first, freeze and transfer the deposits or 545602389 income of the judgment debtor Jiasu Network and Shenzhen Kaisa in financial institutions$27 (or other currency of corresponding value), or sealing, seizing, auctioning, or selling property of corresponding value;The second is to freeze and transfer the deposits or income of the person subject to enforcement, Kaisa International Federation of Things Trade City, in financial institutions 109187100 yuan (or other currency of corresponding value), or seal, seize, auction or sell property of corresponding value;The third is to seal, auction and sell 100% of the equity of Jiasu Network held by Kaisa International Federation of Things Trade City.
According to the auction announcement of the Dongguan Intermediate People's Court on a total of 135225900 shares of Jiayun Technology displayed on the Jingdong Network judicial auction platform, the auction property ** is 609868809 yuan, the starting price of the auction is 609868809 yuan, and the overall price increase auction is 3,000,000 yuan from the starting price. If more than one person registers and the bid is not lower than the starting price, the transaction can be sold.
21.The starting price of the 31% stake in Jiayun Technology is about 6100 million yuan, with an average of 4 per share51 yuan. As of December 20**, Jiayun Technology's share price was 428 yuan shares, lower than the starting price. Some industry insiders said that although this shows the confidence of relevant shareholders in Jiayun Technology, it may bring pressure to the successful auction of equity.
According to public information, Jiasu Network, the controlling shareholder of Jiayun Technology, is a 100% shareholding company of Kaisa (100% holding Shenzhen Kaisa), and Guo Xiaoqun, chairman of Jiayun Technology, is also the son of Guo Yingcheng, chairman of the board of directors of Kaisa. On January 6, 2022, the Shenzhen Stock Exchange terminated the review of Jiayun Technology's application for issuance of ** to specific objects. The market generally believes that this is due to Kaisa's debt crisis and financial problems. (Reporter Zhong Yuan reports from Beijing).
Editor-in-charge: Li Jing.