Text |Liu Zhentao.
The actual controller of Nord** may change!
Recently, the official of the China Securities Regulatory Commission showed that the regulatory authorities gave feedback on the change of the actual controller of Nord**. According to the feedback, the regulatory authorities asked NORD to explain the changes in the participation of the controlling shareholder Tianfu Qingyuan Holdings in corporate governance after the change of the actual controller.
According to public information, NORD** was established on June 8, 2006, 17 years ago. Since its establishment, NORD has undergone many equity changes.
When it was established in 2006, NORD was the first foreign-funded institution to hold the first company in the public offering market at that time, and the company had three major shareholders at that time: Lord Abbrtt, Changjiang**, and Tsinghua shareholders, who respectively held % of the company's equity.
Lord Abbrtt is a long-established company in the United States, because it holds 49% of the shares of Nord** and is the largest shareholder, so the company's day-to-day operations are dominated by foreign capital.
In 2012, the foreign shareholders of NORD** began to consider withdrawing from the Chinese market and planned to transfer their shares. Tianyancha data shows that in 2015, the equity of Nord** changed, and Lord Abbrtt transferred 49% of the equity held by Lord Abbrtt to CreditEase Huimin Investment Management (Beijing)** and now renamed: Beijing Tianlang Yunchuang Information Technology***
In addition, the second largest shareholder of NORD, Changjiang **, also carried out an equity transfer, transferring 30% of its equity to Tsinghua Holdings.
After the completion of the equity change in 2015, Tsinghua Holdings held 51% of the shares and became the new controlling shareholder of NORD. The major shareholder of Tsinghua Holdings is Tsinghua University, so Tsinghua University has become the actual controller of NORD, and NORD** has also become a public offering company with a university background.
In 2022, Tsinghua Holdings, the controlling shareholder of Nord**, underwent a change in equity. According to public information, in April 2022, Tsinghua University, Sichuan SASAC and Sichuan Energy Investment signed a supplementary agreement, under which Tsinghua University intends to transfer 100% of its shares in Tsinghua Holdings to Sichuan SASAC free of charge.
In June 2022, the State-owned Assets Supervision and Administration Commission of Sichuan Province agreed to inject 100% of the equity of Tsinghua Holdings into Sichuan Energy Investment to increase its capital, and Sichuan Energy Investment obtained 100% of the equity of Tsinghua Holdings. Since then, Tsinghua Holdings has also changed its name to "Tianfu Qingyuan Holdings", and Tsinghua University has withdrawn.
In September 2022, NORD** submitted an application to the regulatory department of the China Securities Regulatory Commission to change the actual controller. Now, after more than a year, NORD's application to change the actual controller has received feedback from the CSRC.
For the change of the actual controller of Nord**, brokerage China reported that Nord** said that the process of changing the actual controller is currently in progress, from the perspective of shareholders, Tsinghua Holdings is changed to Tianfu Qingyuan Holdings, and the controlling shareholder of Tianfu Qingyuan is Sichuan Energy Investment, and the actual controller of Nord ** may also become Sichuan Energy Investment.
As a veteran public offering company, Nord** has been established for 17 years, but from the perspective of the company's public offering management scale, it "got up early in the morning and caught up with a late set".
According to the data of Tiantian**.com, as of the end of September 30, 2023, the total scale of Nord** public offering management was 3726.2 billion yuan, ranking 89th in the whole market.
In 2006, a total of 5 public offering companies were established in China, and as of the end of September 30, 2023, the public offering management scale of NORD ranked 4th among the 5 companies in the same year, and the public offering management scale of CEIBS, which ranked first, has exceeded 400 billion yuan.
Looking back at the past scale changes of NORD, data from Tiantian** show that after the scale of Nord's public offering fell below 10 billion yuan at the end of 2007, the scale did not exceed 10 billion yuan for nearly 10 years, until the end of September 30, 2017, when the scale of Nord's public offering returned to more than 10 billion yuan. In the past two years, the scale of Nord's public offering management has hovered between 30 billion and 40 billion yuan for a long time, and has not exceeded 40 billion yuan.
Now, the controlling shareholder of NORD** has changed its name, and the actual controller of the company may also become Sichuan Energy Investment. According to public information, Sichuan Energy Investment has advantages in many fields such as clean energy, cultural tourism, and ecological protection industries. Relying on the advantages of Sichuan Energy Investment, NORD may broaden its own field and enrich its products, which may improve the development of the company's management scale.
Pan Fuxiang, chairman of NORD, said in an interview that Sichuan Energy Investment has advantages in clean energy, cultural tourism and other aspects, and the relevant policies issued by the China Securities Regulatory Commission clearly encourage the company to carry out differentiated development including assetization and REITs, and in the future, NORD will also combine the advantages of shareholders to open up new areas.
We will keep an eye on the progress of the change of the actual controller of NORD, and whether we can use the advantages of shareholders to enhance the growth of the company's scale in the future!