Ant Group has made new progress in rectification. On November 14, listed company Yuyue Medical (002223.SZ) issued an announcement showing that the capital increase plan of Chongqing Ant Consumer Finance Company (hereinafter referred to as "Ant Consumer Finance") has been determined, and many companies including Ant Group, Hangzhou Jintou Digital Technology, Sunny Optics, Chuanhua Zhilian, Yuyue Medical, Boguan Technology, and Chongqing Rural Credit Investment participated in the subscription of equity for this round of capital increase.
announcement shows that the total amount of Ant Consumer Finance’s total capital increase in this round is 10.5 billion yuan, and after the capital increase is completed, the registered capital will be 18.5 billion yuan. However, the capital increase situation is different from what was previously announced. At the end of December last year, several listed companies announced the capital increase plan for Chongqing Ant Consumer Finance. At that time, the entities involved in the capital increase included Ant Group, Yuyue Medical, China Cinda, Sunny Optics, Boguan Technology and Chongqing Yufu Capital, with a total investment scale of 22 billion yuan.
In January this year, the situation changed. Some companies received a notice from Ant Consumer Finance, saying that the capital increase plan still needs further adjustment, so the company, Ant Consumer Finance and other parties reached an agreement to suspend the capital increase related matters, and wait for the target to update the capital increase plan, and re-evaluate the relevant investment matters.
After 10 months, the capital increase finally ushered in major progress. Compared with the previous one, the subscriber entities have changed, and China Cinda and Chongqing Yufu Capital are not included, and Hangzhou Jintou Digital Technology, Chuanhua Zhilian and Chongqing Rural Credit Investment have been added.
again looks at the purchase increase structure. Ant Group's investment scale is the highest, reaching 5.25 billion yuan; followed by Hangzhou Jintou Digital Technology, which plans to invest 1.85 billion yuan; Sunny Optics plans to invest 1.11 billion yuan; the remaining four companies all have less than 1 billion yuan, and Chuanhua Zhilian, Boguan Technology, Yuyue Medical and Chongqing Rural Credit Investment plan to invest about 927 million yuan, 619 million yuan, 524 million yuan and 220 million yuan respectively.
After the completion of this capital increase, the shareholder structure of Ant Consumer Finance will also undergo major changes. Before the capital increase, Ant Consumer Finance had a total of seven shareholders. Among them, Ant Group directly holds 50% of Ant Consumer Finance , making it its largest shareholder; Nanyang Bank, Cathay World Bank (China), CATL , Qianfang Technology, China Huarong , and Yuyue Medical holds 15.01%, 10%, 8%, 7.01%, 4.99% and 4.99% of Ant Consumer Finance shares, respectively. After the capital increase of
is completed, the top five shareholders of Ant Consumer Finance are Ant Group, Hangzhou Jintou Digital Technology, Nanyang Bank, Sunny Optics and Chuanhua Zhilian. The proportion of holding is 50%, 10%, 6.49%, 6% and 5.01%; there are also 7 shareholders, namely Yuyue Medical, Cathay World Bank (China), CATL, Boguan Technology, Qianfang Technology, China Huarong and Chongqing Rural Credit Investment.
First Financial reporter checked Qichacha and found that the second largest shareholder, Hangzhou Jintou Digital Technology, was established on March 8, 2016 with a registered capital of 1 billion yuan. The major shareholder is Hangzhou Financial Investment Group Co., Ltd. , that is, Hangzhou Jintou , with a shareholding ratio of 54.03%; followed by Hangzhou Jintou Construction Development Co., Ltd., with a shareholding ratio of 45.97%, and the major shareholder is also Hangzhou Jintou. Hangzhou Jintou is held by Hangzhou Municipal Government and . This means that Hangzhou Jintou Digital Technology is a wholly-owned subsidiary of Hangzhou Jintou Jintou.
The official website of the company shows that Hangzhou Jintou Digital Technology Group Co., Ltd. was renamed and established in April 2021. It is the main platform for Hangzhou Jintou Group to promote the high-quality development of the digital technology industry and . The company has established the "four capabilities centers" of operation centers, technology centers, data centers, and cloud service centers, and built the "four unified" platforms for users, accounts, payments, and data, providing public digital infrastructure, and committed to developing into a regionally leading and domestic first-class life finance digital service group.
In addition, Ant Consumer Finance is a licensed financial institution approved by Banking and Insurance Regulatory Commission in June last year. It mainly undertakes the rectification of consumer finance business. Therefore, its capital increase is also considered an important part of Ant Group's rectification. Data shows that as of the end of September 2022, the company's total assets of reached 101.923 billion yuan, and the total liabilities were 93.831 billion yuan; in the first three quarters of this year, it achieved operating income of 3.2085 billion yuan and net profit of 1.1054 billion yuan.
Before Ant Consumer Finance, many consumer finance companies have made capital increase since this year. Industrial Bank Consumer Finance, Haier Banking and Jinmeixin Consumer Finance have previously completed capital increase. Nanyin Faba Consumer Finance, a joint venture between Nanjing Bank and BNP Paribas Consumer Finance, also announced its capital increase plan in early September. At the end of September, China Construction Bank, which jointly invested 7.2 billion yuan in other institutions, was approved, and is expected to become the 31st licensed consumer finance institution.