Forex Sky Eye APP News: Two weeks after " Baoneng System " won 22.9123 million shares of Nanning Department Store (600712.SH), the major shareholder of Nanning Department Store finally couldn't sit still.
On the evening of December 17, Nanning Department Store announced that on December 16, 2019, the company's shareholder Nanning Peining Asset Management Co., Ltd. (hereinafter referred to as "Nanning Peining") and Nanning Agricultural and Industrial and Commercial Group Co., Ltd. (hereinafter referred to as "Nanning Agricultural and Industrial and Commercial") signed the "Consensus Action Agreement" to form a Consensus Action Person.
This step is obviously a counterattack measure taken by the "Baoneng Group" uninvited.
As of December 15, 2019, Nanning Peining held 99.4514 million shares, accounting for 18.26% of the total share capital of Nanning Department Store ; Nanning Agriculture and Industrial and Commercial held 16 million shares, accounting for 2.94% of the total share capital.
After signing the "Consensual Action Agreement", Nanning Peining and Nanning Agriculture and Industry will hold a total of 2.115 billion shares of Nanning Department Store, accounting for 21.20% of the company's total share capital. The controlling shareholder has changed from the original Nanning Peining to Nanning Peining and its joint action actor Nanning Agriculture and Industry. The actual controller is still the State-owned Assets Supervision and Administration Commission of the Nanning Municipal People's Government.
Including the historical holdings and the equity sold from judicial auctions, Nanning Futian Investment Co., Ltd. (hereinafter referred to as "Nanning Futian") under the "Baoneng Group" holds a total of 2.103 billion shares of Nanning Department Store, which is 12 million shares different from the above-mentioned "State-owned Assets Alliance".
is calculated, but the gap is not big.
On December 18, Nanning Department Store once again hit the daily limit, and has achieved ten daily limits in the past 11 trading days.
At the same time, the Shanghai Stock Exchange also noticed the abnormal movement of the relevant stock prices and issued an inquiry letter to Nanning Department Store .
html earned 157 million yuan within 52 weeks
Since the "Baoneng Group" acquired 22.9123 million shares through an open judicial auction on December 4, Nanning Department Store has performed an unprecedented nine consecutive boards, and its stock price rose from less than 4 yuan two weeks ago to above 10 yuan.
As of the close of December 18, the "Baoneng Group" had a floating profit of 157 million yuan. What business can make 157 million yuan in 2 weeks?
Nanning Department Store is an old-fashioned commercial enterprise. It was established in February 1956 and restructured into a state-owned joint-stock company in December 1992. It was listed on the Shanghai Stock Exchange in June 1996. It is also the first commercial listed company in Guangxi. It has won the three honorary titles of "Chinese Time-honored Brand" store, "National Jinding Department Store" and the first batch of "E-commerce Demonstration Enterprises" selected by the Ministry of Commerce. Its main business formats are department stores, home appliances, supermarkets, e-commerce, and automobiles. It has many direct stores in Nanning, Guigang, Hezhou and other places, with an operating area of nearly 250,000 square meters. It currently has more than 1,000 formal employees, and its annual sales ranks among the best in the region. Although
is a time-honored brand, compared with similar commercial listed companies, Nanning Department Store is actually not outstanding. Between 2004 and 2009, Nanning Department Store stopped for a while until it re-energized in 2009. Not only did the traditional department store business rebound significantly, but new business formats were also established and high growth was achieved in 3 years.
However, in the past two years, the operating conditions of Nanning Department Store have fallen into trouble again, which is completely different from the Vanke target that made a big move in the past "Baoneng Group".
As early as 2015, Qianhai Life Insurance raised its merchandise for Nanning Department Store twice. At that time, Qianhai Life Insurance only expressed its optimism about the future development prospects of listed companies. Its first time it raised 27280,020 shares, with a transaction price of between 5.36 yuan and 6.52 yuan, and the second time it raised 27234,198 shares, with a transaction price of between 7.57 yuan and 8.70 yuan.
After this intensive increase in holdings, the equity held by Qianhai Life Insurance has not changed for many years and has remained until the first quarter report of 2019.
On April 25, 2019, Qianhai Life Insurance and Futian Investment signed a "Share Transfer Agreement", and Qianhai Life Insurance transferred its 79.7755 million common shares of Nanning Department Store held to Futian Investment, accounting for 14.65% of the total share capital of Nanning Department Store . Futian Investment acquired the above shares and its related shareholders' interests in accordance with the terms and conditions stipulated in the "Share Transfer Agreement". The transfer price of the target shares is RMB 708 million, and the total transfer price per share is RMB 8.88.
can be seen that compared with Qianhai Life’s original shareholding cost, Futian Investment still gives it a certain premium space, although on April 25, the closing price of Nanning Department Store was only 5.27 yuan.
Of course, for the "Baoneng system", this is just a division between "left pocket" and "right pocket".
The Shanghai Stock Exchange urgently asked
On December 18, the Shanghai Stock Exchange issued an inquiry letter to Nanning Department Store , requiring Nanning Department Store to explain five issues: including whether major matters involving listed companies are being planned, whether there are other major events that may have a significant impact on the stock price of listed companies; whether there are major changes in the company's fundamentals, whether major changes in daily operating conditions and external environments are expected, and sufficient risks are fully reflected; whether there are major matters that should be disclosed but not disclosed by the shareholders.
It is worth noting that the Shanghai Stock Exchange also requires Nanning Department Store to verify and disclose: the source and financing arrangements for Nanning Futian's previous judicial auction to increase its holdings, whether there is any source of pledge financing for listed companies' shares, and sufficient risk disclosure of its leverage risks, and shareholders must conduct self-inspection, whether the relevant parties have illegally bought and sold the company's stocks or concealed the person acting in concert, the Shanghai Stock Exchange will also verify the stock transaction situation.
In fact, Nanning Department Store was frequently raising the stake in capital after 2015. On August 8, 2017, Nanning Department Store disclosed that Shenzhen Beibu Gulf E-Commerce Co., Ltd. and its joint actor Shenzhen Xinhe E-Commerce Co., Ltd. increased its holdings of Nanning Department Store shares to 5.01% of the total share capital.
After that, there have been reports that there may be an association between the above-mentioned shareholders and other shareholders of the company.
In response to this, on August 9, 2017, Nanning Department Store received the Shanghai Stock Exchange's "Inquiry Letter on Changes in Shareholders' Equity of Nanning Department Store Building Co., Ltd.", asking it to explain what the relationship between each shareholder. In response, the relevant parties responded "no matters".
This time, in addition to some shareholders who have been suspected by the market to have vague connections with the Baoneng Group in the past, it has also been reported that Shenzhen Leihu Industrial Co., Ltd., a new shareholder in Nanning Department Store , had some intersections with the "Baoneng Group".
Do they really have anything to do? Many questions may be answered after the inquiry is answered.
"Baowan War" is coming to an end
Just as the "State-owned Assets Alliance" is in a tense countermeasures, the "Baoeng Group" is coming to an end to the "Baowan War" and reducing its holdings in Vanke stocks.
Recently, Vanke A has successively announced the release of A-share pledge of shareholder Ju Shenghua. Among them, the information disclosed on the evening of December 17 showed that as of December 17, Ju Shenghua and the joint actor Qianhai Life Insurance held a total of 2.607 billion shares of Vanke Ahtml, and the proportion of holding was 5.38%; the information disclosed on the evening of December 13 showed that Ju Shenghua and Qianhai Life Insurance held a total of 697 million shares, with a proportion of 6.17%; the information disclosed on the evening of December 5 showed that Ju Shenghua and Qianhai Life Insurance held a total of 1.001 billion shares, with a proportion of 8.87%.
can be seen that the "Baoneng Group" is also constantly reducing its holdings while the equity pledge of Vanke A is being lifted. In fact, the share reduction has been taking place since last year. From September 19, 2018 to November 22, 2019, the "Baoneng Group" has reduced its holdings by a total of 5% of its shares, and its shareholding ratio has dropped from 15% to 10%.
