There are also securities companies whose shares are listed and transferred by shareholders. A reporter from Beijing Business Daily noticed that there were two equity transfers of Guodu ** that were listed on the Beijing Equity Exchange from December 20, 2023 to January 17, 2024, involving a total of Guodu **43.2 billion shares, accounting for 7 of the total share capital of the country4159%, and the total reserve price for the transfer is 113.5 billion yuan.
It is worth mentioning that Zhejiang businessmen also announced that they planned to transfer a total of 19 national capitals held by 5 institutions1454% equity. If the relevant equity change is completed, Zheshang will become the largest shareholder of Guodu. Previously, the regulatory authorities also advocated that the first company should become better and stronger through mergers and acquisitions. In the eyes of industry insiders, it is not difficult to see from the transfer of relevant equity of Guodu by Zhejiang businessmen that Zhejiang businessmen are interested in moving towards mergers and acquisitions with Guodu.
The two shares were listed for transfer on the same day.
According to the official website of the Beijing Equity Exchange, the two equity transfers related to Guodu ** were listed from December 20, 2023 to January 17, 2024. Specifically, one of the shares listed for transfer is held by Jiarong Investment, and the institution intends to transfer all 853627.77 million shares, accounting for 1 of the total share capital of the national capital4642% of the equity, the reserve price of the transfer is 2$2.4 billion.
The other equity listed on the same day was transferred by Tongfang Innovation Investment (Shenzhen)**hereinafter referred to as "Tongfang Venture Capital"), which intends to transfer all 34.7 billion shares, accounting for 5 of the total share capital of the country9517% of the equity, with a reserve price of 91.1 billion yuan. In other words, the total number of national capitals is 43.2 billion shares were transferred, accounting for 74159%, and the total reserve price for the transfer is 113.5 billion yuan.
Looking back on the previous one, on December 9, Tongfang Co., Ltd. issued an announcement saying that in order to accelerate the implementation of the strategic requirements of the high-quality development of the State-owned Assets Supervision and Administration Commission, in order to further focus on the main business, recover the investment in the non-main business and rationally allocate resources, it was agreed that the wholly-owned subsidiary Tongfang Venture Capital would transfer the national capital **5 held by Tongfang Venture Capital through public listing on the property rights exchange9517% equity.
According to the content of the official website, Guodu ** was established in December 2001 and listed on *** in March 2017. As of 2021, the registered capital of the national capital ** is 58300 million yuan. As of the first half of 2023, Guodu** has achieved an operating income of 83.2 billion yuan, an increase of 50 percent year-on-year16%；Net profit attributable to shareholders of the listed company42.8 billion yuan, an increase of 90 percent year-on-year3%。
Zheshang ** aims at the position of the largest shareholder.
It is worth mentioning that at present, there is also a listed brokerage company that is preparing to transfer the relevant shares of Guodu **, and if it is successfully transferred, it may become the largest shareholder of Guodu**.
On December 9, Zheshang issued an announcement stating that it intends to acquire the shares of Chongqing International Trust (hereinafter referred to as "Chongqing International Trust"), Tianjin Chongxin Science and Technology Development, Chongqing Jiahong Shengxin Commerce and Trade, Shenzhen Yuanwei Investment, Shenzhen Zhongjun Investment, and the national capital held by Shenzhen Zhongjun Investment0639% shares, and has signed a share transfer framework agreement with relevant parties. If Zheshang successfully acquires the above equity, it will hold a total of 19 national capitals1454% equity.
Zheshang ** said that the signing of the transaction framework agreement is in line with the company's strategic planning, which is conducive to the company's optimization of resource allocation, strengthening resource integration, giving full play to the company's existing business advantages and the synergy effect of Guodu's business, enhancing the company's competitiveness, and there is no harm to the interests of the company and shareholders. However, if Zheshang ** receives from all transferors the total proportion of shares of the target company with complete shareholder rights such as voting rights and nomination rights, it does not reach 158365%, Zheshang ** has the right not to carry out this transaction and does not assume any responsibility.
According to the latest announcement data of the Beijing Equity Exchange, there is currently no actual controller in Guodu**, and the largest shareholder is China Chengxin Trust Co., Ltd. (hereinafter referred to as "China Chengxin Trust"). On December 11, Guodu ** issued an announcement stating that the total equity of Zheshang ** planned to change accounted for 19 of the company's current total share capital1454%, more than the company's current largest shareholder, Zhongxin Trust holds 13With a shareholding ratio of 3264%, the planned equity change may lead to a change in the company's largest shareholder.
M&A and restructuring to be better and stronger.
From the perspective of the company's size, Zhejiang businessmen far exceed the national capital. According to public information, in the first three quarters of this year, the total operating income of Zhejiang businessmen was 1262.2 billion yuan, an increase of 8 percent year-on-year96%；Net profit attributable to shareholders of the listed company13300 million yuan, an increase of 15 percent year-on-year05%。
What are the planning arrangements for the development of the national capital after the transfer of the above-mentioned shares?And whether there is any intention to transfer the above two listed and transferred national capital ** equity?In this regard, a reporter from Beijing Business Daily issued an interview with Zhejiang businessmen**, but did not receive a relevant reply as of press time.
In the view of Bai Wenxi, chief economist of IPG (China), Zheshang intends to acquire the equity of Guodu ** held by 5 institutions, or because Zheshang ** sees the potential and growth opportunities of Guodu **, and hopes to get more benefits by increasing their shareholdings. In addition, Zheshang ** may hope to expand its business scope and influence by acquiring the equity of Guodu**. If Zheshang becomes the largest shareholder of Guodu, Zheshang may use its shareholder status to have an impact on Guodu's strategic direction, business development strategy and corporate governance, and promote Guodu's development in a better direction.
Wang Jianhui, a senior researcher of industrial economy, believes that it is not difficult to see from the transfer of relevant equity of Zhejiang businessmen to Guodu that Zhejiang businessmen are interested in moving towards mergers and acquisitions with Guodu, and if the two institutions are transitioned by merger, it will be conducive to the new institutions to have a larger asset scale and market share, and it is also conducive to enhancing brand and market influence. On the whole, mergers and acquisitions are a way to enable medium-sized brokerages to develop in the direction of second-tier or even first-tier brokerages.
In the near future, the regulatory authorities have also advocated that the best companies become better and stronger through mergers and acquisitions. In November this year, the China Securities Regulatory Commission (CSRC) said that it would support leading companies to become better and stronger through business innovation, group operation, mergers and acquisitions, and other ways to build a first-class investment bank. In addition, the first financial work conference in October this year also pointed out that it is necessary to promote the deepening and practical issuance of the registration system, develop diversified equity financing, vigorously improve the quality of listed companies, and cultivate first-class investment banks and investment institutions.
From the perspective of the industry, the integration of people's livelihood and the League of Nations is currently advancing. At the same time, Ping An of China is also promoting the resolution of issues such as controlling Founder and Ping An at the same time in accordance with the requirements of the China Securities Regulatory Commission, and completing the standard rectification within five years.
Beijing Business Daily reporter Li Haiyuan.