On the morning of January 27, Visual China Group Co.Ltd(000681) fell to the limit and closed at 17.96 yuan.
After the stock price soared just after being exposed to “meta vision”, the controlling shareholder and actual controller of Visual China Group Co.Ltd(000681) threw out a big reduction plan, and investors chose to vote with their feet.
the actual controller has reduced his holdings
On January 26, Visual China Group Co.Ltd(000681) announced that it had recently received the share reduction plan of Liao daoxun, Wu Yurui, Liang Jun and Chai Jijun, the controlling shareholder and actual controller.
As of the announcement date, Liao daoxun, Wu Yurui, Liang Jun and Chai Jijun held about Visual China Group Co.Ltd(000681) 297 million shares in total, all of which were tradable shares without sale conditions, accounting for 42.39% of the total share capital of the company.
Liao daoxun, Wu Yurui, Liang Jun and Chai Jijun said that due to their own capital needs, the number of shares reduced is no more than 28.02 million, that is, no more than 4% of the total share capital of the company. The reduction price is determined according to the market price when the reduction is implemented.
If calculated according to the latest share price of RMB 17.96, the market value of the above reduced shares exceeds RMB 500 million.
The announcement shows that the reduction will be implemented through centralized bidding or block trading. Among them, the centralized bidding shall be conducted within 6 months after 15 trading days from the date of announcement, and the total number of shares reduced in any continuous 90 natural days shall not exceed 1% of the total share capital of the company, and the cumulative amount shall not exceed 2%; Block trading shall be conducted within 6 months from the date of announcement, and the total number of shares reduced within any continuous 90 natural days shall not exceed 2% of the total share capital of the company, and the cumulative amount shall not exceed 2%.
At present, Liang Jun is the director and President of Visual China Group Co.Ltd(000681) and Chai Jijun is the director and vice president of Visual China Group Co.Ltd(000681) .
Zhanguang “meta vision” concept
Before the disclosure of the reduction plan, Visual China Group Co.Ltd(000681) share price had just experienced a sharp rise.
Since the second half of last year, Visual China Group Co.Ltd(000681) share price once climbed from the low of 10.63 yuan to the high of 27.6 yuan, with an increase of about 150%.
Visual China Group Co.Ltd(000681) this rise in share price does not depend on performance, but on concepts such as “meta vision” and blockchain. At that time, Visual China Group Co.Ltd(000681) indicated in the “investor relations activity registration form” in August 2021 that its plan in the field of blockchain and NFT Visual China Group Co.Ltd(000681) said that in the first half of 2021, on the basis of continuously improving the functions of 500px community communication and copyright realization, relying on the existing community advantages, the company was preparing to start the blockchain transformation of 500px community and enhance the confirmation of blockchain At the same time, according to the attributes and characteristics of visual digital art assets, NFT technology is used to upgrade the community, continuously empower creators, expand global markets and fields, enhance asset liquidity, enhance community vitality, and build a world leading visual digital art creative community based on blockchain.
In December 2021, Visual China Group Co.Ltd(000681) released a voluntary information disclosure announcement on the launch of the “meta vision” visual art digital collection platform, saying that the official website and applet (meta vision Collection) of its visual art digital collection platform, meta vision (hereinafter referred to as “meta vision platform”) were launched on December 26, 2021.
Visual China Group Co.Ltd(000681) said that in the future, the company will provide creators, artists, users, collectors and other relevant subjects with various scenarios such as collaborative creation, copyright protection and transaction realization based on blockchain trust mechanism through two platforms – Visual China Group Co.Ltd(000681) digital copyright trading platform and meta Vision digital collection platform; Provide two opportunities for creators and artists to realize, namely digital copyright authorization + digital collection sales.
However, Visual China Group Co.Ltd(000681) also admitted that the meta vision platform is currently in the initial stage of going online, and the specific operation will depend on the subsequent market expansion and promotion. The company is still unable to predict the impact on the operating performance.
