Picture worm creativity.
On December 25, Compass Technology invested 1100 million yuan, bidding for the pioneer **342076% of the shares, becoming the largest shareholder of the company. In fact, in April 2020, this equity was publicly auctioned, during which it was privately held by the founder Duo Yuan**, but it failed to pass the qualification review of the regulator and could only be auctioned again.
Since the thunderstorm of the pioneer system at the end of 2019, its financial institutions have frequently fallen into the quagmire, and the public offering, private placement, and banks have all been implicated.
Twists and turns, Pioneer **342076% of the equity is finally owned.
On December 25, Ali's judicial auction platform announced that the pioneer **management ***342076 The equity auction was successful, and the buyer was Beijing Compass Technology Development Co., Ltd. ***300803SZ), after 5 bids, the transaction price was 1100 million yuan.
In the evening, Compass Technology announced that after the company won the equity of Pioneer, it intends to become the single largest shareholder of Pioneer. At the same time, the equity change still needs to be approved by the China ** Supervision and Administration Commission, and there is a certain degree of uncertainty.
According to public information, Compass Technology was founded in 2001 and focuses on analysis and information services. In November 2019, the company was successfully listed on the Growth Enterprise Market of the Shenzhen Stock Exchange.
It is worth noting that prior to this auction, Compass Technology had taken a stake in Pioneer**. Tianyan check shows that on December 11, Compass Technology **Pioneer**499% of the equity, and complete the industrial and commercial change registration. Combined with the shares from the United Ventures today, at present, Compass Technology holds 3920% of the shares, becoming the largest shareholder. In addition, shareholders holding more than 20% of the shares also include Dalian Yalian Investment Management Company and Beijing Pengkang Investment Co., Ltd51%。
In fact, as early as three years ago, Pioneer ** was reselling this equity.
According to the Ali asset auction platform, in April 2020, 34The 2076% stake was announced for public auction with a starting price of 59.31 million yuan, and was subsequently withdrawn.
In February 2022, the Intermediate People's Court of Taizhou City, Jiangsu Province, once again conducted a public online auction of this part of the equity, with a starting price of 68.21 million yuan, an increase of nearly 15% over the previous period. In the end, Duo Yuan, the founder of the well-known bond private placement Bluestone Asset Management, took about 1100 million yuan, 47% higher than the starting price. However, Duoyuan failed to submit to the court the written approval materials approved by the China Securities Regulatory Commission to become a shareholder of the public offering ** management company. Therefore, the auction was invalid, and the court re-auctioned the relevant equity in accordance with the law.
It is reported that this is not the first time that Compass Technology has purchased the equity of a pioneer financial institution. In July 2022, Compass Technology was released from the United Venture Group**5561% of the shares of Netinfo became its wholly-owned subsidiary. In January 2023, Netinfo** changed its name to McGoon**.
The pioneer is a financial institution, and there is one less member.
Founded in 2016, Pioneer ** is a public offering ** management company approved by the China Securities Regulatory Commission with a registered capital of 15.5 billion yuan, the major shareholder is a joint venture group under the pioneer department.
Wind data shows that Pioneer ** currently has a total of 9 products under management, with a total scale of 343 billion yuan, a total of four ** managers, two of whom are newly hired in the last year. In August 2019, Pioneer issued Pioneer Boying pure bonds, and no new product has been issued so far. Because of the instability of equity, the changes of Pioneer ** executives are also quite frequent. In January this year, the former chairman Zhang Songxiao and deputy general manager Chen Jinjun resigned due to personal reasons, the former general manager Wong Leah Kuen was promoted to chairman and Long Yong was appointed general manager.
In December 2019, the Taizhou Intermediate People's Court froze the proportion of Pioneer ** held by United Venture Group to 342076% equity interest, and has commissioned an appraisal of the above equity value. The reason involves the case of Jiangsu Xingye Food*** and the person subject to execution, and Liu Ping, the general manager and chairman of the joint venture, has a corporate loan dispute. According to the court's ruling, the court has ordered United Venture Group to perform the legal obligations set forth in the civil mediation agreement, but United Venture Group and Liu Ping have not fulfilled their obligations.
Tianyancha information shows that at present, the United Venture Group is involved in a number of disputes such as contract disputes, loan disputes, and share disputes, and Liu Ping, chairman and general manager of the company, has been restricted from consumption and listed as the person subject to execution.