On December 21, the official website of Yonghui Supermarket issued the "Announcement of Yonghui Supermarket Co., Ltd. on ** Assets".
According to the announcement, it is planned to hold 1 share of Chengdu Hongqi chain shares held by Sichuan Commercial Investment Investment Co., Ltd3.6 billion shares, accounting for 10% of the total share capital of Hongqi Chain, **588 yuan, the total transfer price is 7996.8 billion yuan.
On the evening of December 20, Hongqi Chain announced that Cao Shiru, the actual controller of the company, and Cao Zengjun, who acted in concert, and Yonghui Supermarket (601933SH) will respectively hold 691% of the shares, 10% of the company's total share capital and the corresponding shareholder rights and interests were transferred to Sichuan Commercial Investment Co., Ltd. (hereinafter referred to as "Commercial Investment").
After the completion of this equity change, the total shares of the company held by Commercial Investment Investment accounted for 16 of the total share capital of Hongqi Chain91%, and the voting rights of the companies controlled by it are 2132%。
Before the change, the actual controller of Hongqi Chain was Cao Shiru, who served as the chairman and general manager of the company and held 24 of the company08% of the shares, Cao Zengjun, who acted in concert, served as vice chairman and secretary of the board of directors, holding 355% of the shares, the two are mother and child.
Yonghui Supermarket, the second largest shareholder, held 21% of Hongqi's shares before the transfer of shares, and the shareholding ratio was reduced to 11% after the completion of this equity change, with a voting ratio of 1387%
As for the impact of this transaction, Yonghui Supermarket also explained in its announcement. After the completion of the transaction, it is expected to reduce the company's pre-tax profit for the year by RMB16,340460,000 yuan, the final result is subject to the company's audited financial report.
There has been speculation in the market that the control of the Hongqi chain may be passed to Cao Zengjun or Yonghui. Yonghui Supermarket and Hongqi Chain have had equity exchanges since 2017, although they are optimistic about the prospects of Hongqi Chain's business development, but Yonghui Supermarket itself has not been in good condition in recent years. In the first three quarters of this year, Yonghui's net profit was only 52.29 million, and it was a huge loss from 2021 to 2022. On the day when Hongqi Chain issued a suspension announcement, Yonghui Supermarket issued a ** asset announcement to hold 38.8 billion Dalian Wanda Commercial Management Group shares *** shares with 45300 million yuan**, the purpose is to revitalize the company's assets.
In Chengdu, Sichuan, Hongqi chains can be seen everywhere. The company was founded in 2000 and listed on the A-share market in 2012, with the title of "the first share of supermarket chains". According to the company's official website, Hongqi has opened more than 3,600 supermarket chains in Sichuan Province, with more than 400 million annual consumers.
With the help of the share and influence of the local market in Sichuan, as well as the advantages in the field of community supermarkets and convenience stores, Hongqi Chain has performed relatively stable at the moment when the pressure of traditional supermarkets is bursting this year, with a net profit of 1 in the three quarters400 million yuan, 11.6 billion yuan, 1500 million yuan, a year-on-year increase of double digits.
However, Hongqi chain has also been questioned because of the over-concentration of layout, extended inventory turnover cycle and other issues, some data show that as of 2022, Hongqi chain's secondary urban stores in non-Chengdu areas account for less than 5% of the overall number of stores.