Daily Financial News, on December 11, Qiaoyi Logistics Co., Ltd. (hereinafter referred to as Qiaoyi Co., Ltd.) disclosed the reply to the first round of inquiry letters.
IC network.
Qiaoyi Co., Ltd. is a professional third-party integrated logistics service provider of agricultural products, the company focuses on the import and domestic trade of bulk agricultural products, providing customers with third-party integrated logistics services with freight forwarding, shipping, warehousing services and transportation services as the main links. The IPO is planned to be listed on the main board of the Shenzhen Stock Exchange, with a public offering of no more than 3356260,000 shares, with a total amount of 58.8 billion yuan.
As of the signing date of the prospectus, the actual controllers of Qiaoyi shares are Huang Yidu and Peng Biao. Huang Yidu directly holds 717% of the shares, and indirectly holds 18% of the company through Qiaoyi Group11% of the shares, directly and indirectly holding a total of 2528% of the shares. Peng Biao directly holds the company's 717% of the shares, and indirectly holds 18% of the company through Qiaoyi Group11% of the shares, directly and indirectly holding a total of 2528% of the shares. The two parties have signed the "Concerted Action Agreement", and directly and indirectly hold a total of 50 shares of the company before the issuance56% of the shares.
In December 2016, Qiaoyi Co., Ltd. issued 10 million shares to C&D Co., Ltd., a state-owned holding companyC&D shares now hold 993% of the shares, the second largest shareholder of the company. It is worth noting that C&D is also the largest customer of Qiaoyi shares.
From 2020 to the first half of 2023, the amount of third-party integrated logistics services provided by Qiaoyi Co., Ltd. to Xiamen C&D Co., Ltd. was 31.5 billion yuan, 50.9 billion yuan, 63.1 billion yuan and 25.6 billion yuan, accounting for the proportion of the year's operating income respectively. 54% and 3343%, the proportion has increased.
Prospectus.
The formation of the related relationship between the two parties is based on the strategic cooperation on the basis of business cooperation, the two parties make independent decisions and operate independently, and the pricing of related party transactions is fair, which does not affect the operational independence of Qiaoyi shares, does not constitute dependence on related parties, does not regulate the company's income, profits or costs through related party transactions, and does not have the transfer of interests. "Qiaoyi shares said that they do not have a significant dependence on C&D shares, "the two sides have formed a relatively stable cooperative relationship after more than 10 years of cooperation, and it is expected that the business volume of the follow-up company and C&D shares will maintain stable growth." ”
However, this point has attracted the attention of the Listing Committee, which requires Qiaoyi to explain the background and reasons for C&D Co., Ltd.'s shareholding in the company in 2016, the investment of C&D Co., Ltd. and its affiliates in other enterprises related to the company, whether it constitutes intra-industry competition with the company, and the reasonableness of C&D Co., Ltd.'s investment companyCombined with the changes in the revenue and proportion of other customers during the reporting period, the development of new customers, and the orders in hand of customers other than C&D Co., Ltd. at the end of the reporting period, etc., the basis and adequacy of determining that the company does not have a significant dependence on C&D Co., Ltd. are further explained.
In addition, in May 2021, Qiaoyi Group transferred its 1 million shares and 500,000 shares** of Qiaoyi shares to Huang Zhuo, the younger brother of Huang Yidu, and Peng Min, the younger brother of Peng Biao, the actual controller of the company, respectively, with a transfer of 28 yuan shares, and the company's share transfer** in the same period is 4 yuan shares.
Reply to inquiry.
When asked about the reason and reasonableness of the shareholding** lower than the share transfer in the same period**, Qiaoyi shares said that Huang Zhuo's investment in Qiaoyi shares was due to the capital needs of Yiyi Group and Huang Zhuo's optimism about the development prospects of Qiaoyi sharesAt the same time, in view of the kinship relationship, there is also the factor of the distribution of the family property of the actual controller, and the transfer ** is determined to be 2 with reference to the latest directional issuance of Qiaoyi shares$8 shares, so the transfer of shares below $4 shares in the same period is reasonable.