Zhuhai Tongcai Co., Ltd. (hereinafter referred to as "Zhuhai Tongcao"), this second largest sponsor shareholder of Dehao Runda (002005.SZ) has reduced its holdings.
Recently, Dehao Runda announced that the company received a notice from the shareholders of Zhuhai on April 30, and from January 6 to April 29, 2010, Zhuhai Tongsan sold the shares of the company through the Shenzhen Stock Exchange for a total of 325.528. Ten thousand shares.
Since last year, Dehao Runda has introduced strategic investors Guangdong Jianlongda Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Guangdong Jianlongdaâ€, the actual controller is Hong Konger Li Wenbin), and “halfway to the home†has entered the LED industry. The share price of Dehao Runda soared from the lowest of 2.15 yuan in 2008 to the highest of 24.49 yuan on April 22, 2010.
What makes foreigners feel paradoxical is that Guangdong Jianlongda, which entered as a strategic investor and became the second largest shareholder of Dehao Runda, has recently reduced its holdings. On March 31, the company reduced its shareholding through large transactions. Holding 5 million shares, the first quarter of this year, the cumulative reduction of 8.16 million shares.
The concept of LED has created a feast of this stock price carnival, and it has also achieved a crazy reduction in size, but it has not brought real results. This year's quarterly report showed that Dehao Runda's earnings per share for the first quarter of this year was only 3 cents.
What kind of interest chain is behind this capital operation that is dominated by major shareholders and is somewhat "contradictory"?
Violation of trading income has been fined
The old account of history sometimes has a meaning when it is turned up.
Since the first batch of small and medium-sized boards was listed in 2004, Dehao Runda, which has always been “smooth and stable†in the field of small household appliances, has become instigated in 2009.
Beginning on March 12, 2009, under the leadership of Dehao Runda’s major shareholder Zhuhai Dehao Electric Co., Ltd. (hereinafter referred to as “Dehao Electricâ€), part of the equity held by it was transferred through block trade and equity transfer. For Guangdong Jianlongda, Guangdong Jianlongda held 38 million shares at the most, becoming the second largest shareholder of Dehao Runda.
The move was then introduced to introduce strategic investors.
In June 2009, Dehao Runda and Guangdong Jianlongda jointly established Guangdong Jianlong Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Guangdong Jianlongâ€). Subsequently, Guangdong Jianlong spent RMB 107 million on the purchase of Guangdong in the form of connected transactions. Jianlongda, Enping Jianlong Circuit Board Co., Ltd. (actual controller is Li Wenbin) all fixed assets related to LED business.
“The major shareholder enters the listed company through the name of strategic investors, and transfers some assets to the joint venture company through the block trade, thus cutting into the LED industry, which gives the opportunity to speculate on the stock price concept. Now Guangdong Jianlongda is in Selling this part of the stock at a high price, the stock spread is quite impressive.†Dai Huiyong, a lawyer of Guangdong Green Law Firm, analyzed the “First Financial Daily†reporter.
According to the statistics of this reporter, Dehao Electric has transferred 38 million shares to Guangdong Jianlongda. The average price is about 5.85 yuan. At present, Guangdong Jianlongda has only 13.46 million shares left. The price of the reduction is at More than 10 yuan, and some as high as 17.91 yuan. To put it simply, suppose Guangdong Jianlongda sells 25 million shares, with a profit of 5 to 12 yuan per share, so its profit is between 125 million and 300 million yuan.
The key to the problem is whether Dehao Electric and Guangdong Jianlongda are using the listed company of Dehao Runda for profit transfer.
Judging from the announcement, Guangdong Jianlongda did illegally traded 21.84 million shares of Dehao Runda from May 13, 2009 to September 21, 2009. At that time, it was fined more than 5 million yuan.
"According to the relevant provisions of the Securities Law and the Articles of Association, shareholders holding more than 5% of the company's shares will sell their shares of the company within 6 months after purchase, and the proceeds will be returned to the company. All. So the penalty is not necessary, because the major shareholder can get the internal news of the listed company in the first time." Dai Huiyong believes.
Why is information disclosure inaccurate?
However, Guangdong Jianlongda’s doubts are not limited to these.
On May 19th, our reporter inquired about the shareholders of Guangdong Jianlongda through the payment method in the official registration office of Hong Kong, and found that there was a lot of discrepancies with the content of Dehao Runda last year.
On April 22, 2009, Dehao Runda published the “Announcement on the Purchase of Fixed Assets Related Transactionsâ€, which stated: “The name of the Guangdong Jianlongda shareholder to be acquired: Hong Kong Jianlong Electronics Factory Co., Ltd. holds 100% equity The actual controller Li Wenbin holds a 52% stake in Hong Kong Jianlong Electronics Factory Co., Ltd.; the proposed acquisition of Taishan Jianlong Optoelectronics Technology Co., Ltd. Shareholder Name: Hong Kong Jianlong Electronics Factory Co., Ltd. holds 100% equity, shareholder name (Hong Kong) Long Investment Co., Ltd. holds 100% equity, and the actual controller Li Wenbin holds 66.67% of Jianlong Investment Co., Ltd."
This is inconsistent with the original information that our reporters visited on May 19th. The information of the Hong Kong Registry shows that it was just before the official shareholder of Dehao Runda announced the transfer of shares to Guangdong Jianlongda. On the same day, Li Wenbin also transferred all of them to hold a 52% stake in Hong Kong Jianlong Electronics Factory Co., Ltd. and a 66.67% stake in (Hong Kong) Jianlong Investment Co., Ltd., the transferees are Wu Xiaoju (Hong Kong people), and Wu Xiaoju Li Wenbin also listed the shareholders of the two companies, but the name Wu Xiaoju has never been mentioned in the announcement of Dehao Runda.
In other words, when Dehao Electric transferred shares to Guangdong Jianlongda, the actual controller of Guangdong Jianlongda was not Li Wenbin, but should be Wu Xiaoju.
A few days before Guangdong Jianlongda officially accepted the shares of Dehao Runda's major shareholder, Li Wenbin flashed out of the shareholders of the two companies in Hong Kong. What secrets are there?
On May 19th, our reporter went to the Jiangmen City Administration for Industry and Commerce and learned through the way of archival materials. Guangdong Jianlongda carried out a shareholding change on September 8, 2009, which was held by the former Hong Kong Jianlong Electronics Factory Co., Ltd. There was a personal holding of Li Wenbin.
That is to say, during the period from March 3, 2009 to September 8, 2009, the actual control of Guangdong Jianlongda was Wu Xiaoju. In the past six months or so, Li Wenbin and Guangdong Jianlongda were not shareholder relations.
Why did Li Wenbin stage this "catching and releasing Cao" game in the past six months or so? Guangdong Jianlongda recovered in his hands. Who is the actual controller behind Guangdong Jianlongda in the past six months or so?
In the end, is this just a misinformation of information, or is it carefully laid out for the benefit? It has not been solved until the press release of this reporter.
Of course, Guangdong Jianlongda successfully sold its LED assets in Taishan and Enping to the listed company Dehao Runda during the short-term entry and exit of Dehao Runda.
"There is a hypothesis here. If Wu Xiaoju represents the interests of the major shareholder Dehao Electric, or if the Hong Kong shareholder of Guangdong Jianlongda is behind Dehao Electric, then Dehao Electric is apparently introduced for Dehao Runda. Strategic investors actually use a bridge company, Guangdong Jianlongda, to reduce their holdings and profit through insider trading. If this assumption is established, this violates relevant laws and regulations, otherwise it is a simple information disclosure error.†Dai Huiyong analysis.
During the investigation, our reporter repeatedly tried to contact Wang Donglei, Chairman of Dehao Runda, to understand the reasons for the information disclosure error, but failed.
The latest announcement shows that on April 19, 2010, Guangdong Jianlongda handled the pledge registration formalities with China Securities Depository and Clearing Co., Ltd. Shenzhen Branch, the pledgee was the majority shareholder Dehao Electric, Guangdong Jianlongda pledge The shares of 1,346,259 shares accounted for 4.17% of the company's total share capital.
If this part of the equity returns to the hands of Dehao Electric, then this once strategic investor will no longer hold the shares of Dehao Runda.
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