Quanjian incident is still causing a stir. This A-share listed company ST Shengda recently announced that it would nominate Quanjian Group Vice President Shen Jianhong as a non-independent director candidate. Recently, heated discussions have occurred. However, when ST Shengda held a shareholders' meeting today, a scene that made Quanjian Group Vice President Shen Jianhong embarrassed - according to the results of the on-site voting, the proposal of Quanjian Group Vice President Shen Jianhong as a candidate for director received 100% of the votes, that is, all shareholders with voting rights on the scene voted against.
This is also the performance of ST Shengda's shareholders defending the interests of their own companies in their investment and holdings. After all, in the context of the current Quanjian incident, it is not a questioning of Shen Jianhong, but a company that no one wants to invest in and hold shares, especially stocks like A-share listed companies that are easily affected by news and negative public opinion are involved in trouble and putting themselves in a disadvantageous situation. Looking at the past on-site voting data of A-share listed companies, the proposal that can trigger all shareholders to vote against each other is also a strange existence for ST Shengda's proposal to nominate Shen Jianhong, vice president of Quanjian Group, as a candidate for non-independent directors.
According to the past, A-share listed companies have actively gained attention to the hot concepts and exposed themselves to the current market speculation hotspots. For example, under the current hype of venture capital concepts, they actively exposed their shares in a certain company. Under the hype of 5G concepts, they actively exposed their business cooperation with 5G and Huawei , but it is rare for companies like ST Shengda to actively establish connections with negative public opinion. Therefore, after ST Shengda announced the nomination of Shen Jianhong, vice president of Quanjian Group, as a candidate for non-independent directors, he received the "Inquiry Letter" from the Sichuan Securities Regulatory Bureau and the "Inquiry Letter" from the Shenzhen Stock Exchange Small and Medium Board Company Management Department, which all involved questions about whether Baohetang, which invested in ST Shengda through equity transfer, was related to Quanjian Group, the rationality of the company's nomination of Shen Jianhong, as a candidate for non-independent directors, and whether the company and Quanjian are related to Quanjian Group. In response to the inquiries of the Securities Regulatory Bureau, ST Shengda chose to avoid talking about the issues of Quanjian Company's executives.
ST Shengda was previously listed as Shengda Forestry . It was originally a Sichuan company that mainly engaged in forest planting and the production and sales of medium-fiber boards and wood floors. However, due to the continued sluggish performance, the annual net profit was more than 10 million yuan. Later, in 2015, the company launched a major asset restructuring, and its main business changed to forestry + clean energy natural gas business. Later, at the end of 2016, it divested forestry assets, and its main business became a pure clean energy natural gas business.
However, Shengda Forestry's transformation was quite failed. The company's performance fell into a downturn since 2017. It lost 40.5742 million yuan in the first three quarters of 2018, which forced the company to accelerate foreign mergers and acquisitions, but it happened to meet a black swan. In October 2018, the capital chain of the company's controlling shareholder Shengda Group broke and could not repay the loan at maturity, resulting in the company's funds being deducted by the lender, resulting in the passive occupation of the company's funds. The company was subject to other risk warnings. The company's stock abbreviation became the current ST Shengda. After that, the company's equity transfer occurred, Baohetang acquired a stake in the company, and triggered a change in the actual controller, which also caused the above-mentioned series of doubts. Many actions of Shengda Forestry's company management have been criticized in recent years.