Buying high and selling core assets, the resignation of many senior executives, coupled with 1.3 billion "flying around", there is no doubt that Weichuang shares are undergoing major changes, and behind this change, whether Jiangsu Sunshine has a new round of "capital story" is not yet known. But one thing is certain, under this operation, the share price of Weichuang shares in the secondary market has fallen sharply.
Text: Daily Capital
The "sunshine system" of Jiangsu woolen giants has hit the rocks again.
On December 22, the Shenzhen Stock Exchange issued a letter of concern to Weichuang Group Co., Ltd. (hereinafter referred to as Weichuang Co., Ltd.). According to the content, on the same day, Weichuang announced that the company and the company's proposed acquirer Liu Jun received the "Notice of Case Filing" issued by the China Securities Regulatory Commission on the same day.
On the same day, Weichuang also disclosed relevant violations of laws and regulations. On September 20, its controlling shareholder, Taizhou Zhongshu Wolters Kluwer Equity Investment Partnership (Limited Partnership) (hereinafter referred to as Zhongshu Wolters), a limited partner of Monsas (Taizhou), invested in ***The controlling shareholder Jiangsu Sunshine Group*** hereinafter referred to as Sunshine Group).It has signed the "Equity Transfer Cooperation Framework Agreement" with Jiangxi Xiling Energy, hereinafter referred to as Xiling Energy, and Xiling Energy will obtain control of Zhongshu Wolters Kluwer through investment relations in the next 12 months.
Proposed AcquirerLiu Jun, the actual controller of Xiling EnergyFrom September 28 to October 27 of this year, the company was transferred through a condominium bank account 13300 million yuan of funds were transferred to the bank account controlled by it and returned to the company in full on October 31, but since November 1, it has been transferred out of the company in batches, and the funds have not been returned to the company as of the disclosure date of this announcement.
Knock on the blackboard!Knock on the blackboard!"Daily Capital" learned through Tianyan check that there is no "Jiangxi Xiling Energy" only" Jiangxi Xiling Energy and "Jiangxi Lingnan New Energy Development" The former is in a state of existence, and the latter has been cancelledThe actual controllers of these two companies are not "Liu Jun".
That is, 13300 million yuan "flew around" on the account of Weichuang shares, and the actual controller also made a sense of mystery of "checking without traces". It is no wonder that this kind of practice similar to the "great shift of the universe" has been placed on file for investigation.
So, who is Liu Jun?According to some ** reports, Liu Jun of the same name, "Xu Nengxiang, the actual controller of Xiling Energy in Jiangxi Province, and Liu Chen, the legal person, appeared in the same company - Qingkechuang Industrial Group, whose historical name is Qingkechuang Industry ***, hereinafter referred to as Qingkechuang Industry). On January 26, 2021, the legal representative of Qingkechuang was changed from Liu Jun to Xu Nengxiang.
If this is Liu Jun, he is a master of capital and has been involved in many listed companies. However, on July 13 this year, the Xiangcheng District People's Court of Suzhou City executed about 1.05 million yuan against Suzhou Qingkechuang, and Liu Jun was restricted from high consumption.
Perhaps many people were confused by this Xiling Energy and Liu Jun, and ignored another detail - that is, Sunshine Group, the real controlling shareholder of Weichuang Co., Ltd., which took several turns to understand.
The company is in trouble.
According to public information, Jiangsu Sunshine Group was founded in September 1986 and restructured in August 1993, and its business is involved in wool spinning, clothing, biomedicine, medical equipment, ecological agriculture and forestry, real estate, metal products and other industries. Jiangsu Sunshine Co., Ltd., controlled by Jiangsu Sunshine Group, is a national key high-tech enterprise listed company with total assets of 36300 million yuan, China's top 500 enterprises. The company belongs to the textile industry, with photovoltaics, margin trading, low prices, increase and repurchase, unicorn concept, securities and remittance and other themes.
In 2006, Sunshine Woolen was rated as "China's World Famous Brand". At present, it has undertaken a total of 56 national scientific research projects, and is committed to the research and development of independent core technologies, applied for 2,108 patents, authorized 1,065 patents, including 37 invention patents, and presided over and participated in the formulation and revision of 51 international, national and industry standards. For this reason, its founder Lu Keping is also known as the "wool spinning giant".
However, since 2014, Lu Keping, by controlling 13 ** accounts and 2 equity instruments including Lu Yu, has traded Sihuan Biotech ** from 2014 to 2018, and at the same time exercised voting rights at the shareholders' meeting of Sihuan Biotech through the above accounts. In addition, Lu Keping also controlled the accounts of four people including Zhao Hong, who acted in concert. As of April 11, 2018, Lu Keping's shareholding accounted for 3942%。In other words, it does have the reality of "sitting in the bank".
The accounts controlled by Lu Keping and the above-mentioned persons acting in concert have accumulated **62.7 billion shares, with a cumulative amount of 432.1 billion yuan;Cumulative Sell 27.2 billion shares, with a cumulative sale amount of 195.1 billion yuan. Ironically, after a series of complex capital operations, it lost nearly 1 billion yuan.
In May 2020, Lu Keping, the actual controller of Jiangsu Sunshine, was banned from the market for life by the China Securities Regulatory Commission and fined 27.34 million yuan. In October 2020, Sihuan Biotech and Jiangsu Sunshine announced at the same time that the actual controller Lu Keping was suspected of market manipulation and violations of laws and regulations, and the CSRC decided to file a case against him.
During this period, Lu Keping's son Lu Yu gradually came to the forefront. On March 13 this year, Jiangsu Sunshine announced that its chairman and general manager Miao Feng resigned for personal reasons and elected Lu Yu as the company's chairman and served as the company's legal person. At the same time, Gao Qinghua was hired as the general manager. In October, Lu Yu became the chairman of Weichuang Co., Ltd. again.
The predecessor of Weitron Co., Ltd. is Weitron Video, and its main business is the R&D, production, sales and service of VW series products and IDB, providing customers with overall solutions for visual information communication. In July 2014, after Hejun intervened in Weitron shares through a large transaction, the company began a rapid transformation of the education industry.
In 2015, Weichuang shares cost 5200 million yuan, 85.7 billion yuan to acquire 100% of the shares of Red Tassel Times and Golden Cradle. Weichuang Co., Ltd. wants to enter the preschool education industry with the help of large-scale mergers and acquisitions, and implement dual main business operations. But, those few timesMergers and acquisitions totaled 126.1 billion yuan of goodwill, and from 2019 to 2022, its non-net profit has been lost for 4 consecutive years
After loss after loss, Weichuang shares chose the best part of the assets. On July 26, 2023, Weichuang Co., Ltd. announced that it intends to give the three education subsidiaries of Red Tassel Era, Golden Cradle, and Ivy Think Tank (Beijing) Education Technology to Jiangsu First Steel Structure Engineering Contractor - Jiangsu Baoli Heavy Industry Technology Co., Ltd. (hereinafter referred to as Baoli Heavy Industry).
Originally, it was reasonable to divest loss-making assets, but these three are the core assets of Weichuang shares, and these three companies obviously showed signs of improving performance in the first quarter of this year. At this time, it is necessary to completely transform
More importantly, more than 1.3 billion yuan was acquired, but only 20.7 billion yuan, such a large loss of money, but also sold to a steel structure enterprise that can not be built on the edge of eight poles, so the operation naturally attracted the attention of all parties. Soon, the Shenzhen Stock Exchange issued a letter of concern to Weichuang Co., Ltd., inquiring about the company's packaging of three subsidiaries, and requiring the company to explain whether there is any damage to the interests of listed companies.
It must be mentioned that since October this year, a number of senior executives of Weichuang have resigned. What is surprising to the outside world is that Zhang Shuhan's resignation is only 22 days after taking over as secretary of the board of directors on October 14.
Buying high and selling core assets, the resignation of many senior executives, coupled with 1.3 billion "flying around", there is no doubt that Weichuang shares are undergoing major changes, and behind this change, whether Jiangsu Sunshine has a new round of "capital story" is not yet known. But one thing is certain, under this operation, the share price of Weichuang shares in the secondary market has fallen sharply. From December 20 to 26, its share price increased from 518 yuan fell to 391 yuan, and 2 consecutive down limits.
The latest news, after the Weichuang shares incident attracted the attention of all parties, on December 25, Jiangsu Sunshine Group released a statement on the official website for "Weichuang shares" - Weichuang shares had consulted the Shenzhen Stock Exchange on whether to disclose the equity transfer, and the then supervisor clearly replied that "after the completion of the equity change, the industrial and commercial change notice will be announced". The statement said: "At present, the transaction has not been completed, and no industrial and commercial changes have been made, and neither the company nor the upper-level information disclosure obligor has disclosed information in violation of regulations." "Interestingly,The next day, the above statement was deleted
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