RMB 48.2 billion was transferred with 66.51% equity, and the restructuring investment of Ping An Insurance (Group) Company Of China Ltd(601318) participating Founder group was approved.
On February 6, Founder Securities Co.Ltd(601901) announced that the CBRC made a formal reply on January 30 and agreed to the application of Ping An Life Insurance of Ping An Insurance (Group) Company Of China Ltd(601318) for major equity investment in new Founder group.
On the same day, Ping An Insurance (Group) Company Of China Ltd(601318) also disclosed the latest progress of the above reorganization. It was announced that Ping An Life intended to invest about 48.2 billion yuan to acquire about 66.51% of the equity of xinfangzheng group. Therefore, various matters such as asset delivery, business development and asset disposal may be accelerated.
For a long time, Founder Securities Co.Ltd(601901) has been plagued by "problem shareholders". In addition to the first largest shareholder Founder group, the equity changes of Zhengquan holdings, the former second largest shareholder of the company, have also experienced twists and turns. Its 1.09 billion shares have been sold twice in three months.
Although the change of equity aggravates the difficulty of exhibition, the overall performance of Founder Securities Co.Ltd(601901) in 2021 is good thanks to both brokerage and proprietary business. According to the performance pre increase announcement, Founder Securities Co.Ltd(601901) is expected to realize the net profit attributable to the parent company in 2021 from 1.645 billion yuan to 1.865 billion yuan, compared with 1.096 billion yuan in the same period of last year, with a year-on-year increase of 50% to 70%.
Ping An Insurance (Group) Company Of China Ltd(601318) the restructuring investment of Fangzheng group was approved
Since the ruling of reorganization in February 2020, the "1 + 4" main body reorganization of Founder Group has been smoothly promoted, and has entered the substantive operation stage at present.
It is reported that in July 2021, the first intermediate people's Court of Beijing ruled to approve the reorganization plans of five companies including founder group. According to the effective reorganization plan, 2.363 billion shares (accounting for 28.71% of the total share capital of the company) held by Founder group and its concerted actor founder Industry Holding Co., Ltd. will be transferred to the newly established new Founder group, and the controlling shareholder of the company plans to be changed to new Founder Group. The above changes still need to go through the approval procedures of the CBRC and the CSRC.
In October 2021, the new Founder group was established and has obtained the business license. Its ownership structure is: the SPV established by Ping An Life Insurance holds about 66.5%, the SPV established by Zhuhai HUAFA group (on behalf of Zhuhai state-owned assets) holds about 28.5%, and the shareholding platform (partnership enterprise) composed of creditors holds about 5%. Therefore, the SPV established by Ping An Life Insurance plans to become the controlling shareholder of new Founder group.
On January 31, 2022, Ping An Insurance (Group) Company Of China Ltd(601318) announced that Ping An Life, a subsidiary of Ping An Life Insurance, had received the approval from the China Banking and Insurance Regulatory Commission for its investment in the new Founder group. Ping An Life planned to invest about 48.2 billion yuan to acquire about 66.51% of the equity of the new Founder group. Ping An Insurance (Group) Company Of China Ltd(601318) as the controlling shareholder of Ping An Life Insurance, it plans to indirectly control Founder Securities Co.Ltd(601901) .
Based on this, Ping An Insurance (Group) Company Of China Ltd(601318) may face the situation of holding Ping An Securities and Founder Securities Co.Ltd(601901) two securities companies at the same time. Whether it will break through the requirements of "one participation and one control" of securities companies in the future will trigger market speculation again.
1090 million shares Founder Securities Co.Ltd(601901) second streaming
For a long time, Founder Securities Co.Ltd(601901) has been plagued by "problem shareholders". In addition to the first largest shareholder Founder group, the equity changes of Zhengquan holdings, the former second largest shareholder of the company, have also experienced twists and turns. Its 1.09 billion shares have been sold twice in three months.
On May 19, 2021, Founder Securities Co.Ltd(601901) received a notice from Dalian intermediate people's Court of Liaoning Province that in the case of executing the property involved in the criminal judgment of the enforced Zhengquan holding for the crime of forced transaction, in order to implement the property penalty determined in the effective criminal judgment, Dalian intermediate people's court publicly auctioned 1.09 billion Founder Securities Co.Ltd(601901) shares held by Zhengquan holding (non tradable shares).
On June 21, Founder Securities Co.Ltd(601901) announced that the above 1.090 billion shares of the company were publicly auctioned on Taobao judicial auction network platform by Dalian intermediate people's court from 10:00 on June 19, 2021 to 10:00 on June 20, 2021. The auction has been carried out on schedule. According to the auction results displayed on Taobao judicial auction network platform, there was no bid from bidders, and the auction was sold out.
On August 1, the official website of Alibaba auction showed that Zhengquan holdings held 1.09 billion Founder Securities Co.Ltd(601901) shares, which were auctioned by the Dalian intermediate people's Court of Liaoning Province for the second time, and finally ended in streaming auction.
On September 7, Founder Securities Co.Ltd(601901) announced that the company received the reply on approving Founder Securities Co.Ltd(601901) change of major shareholders from the CSRC, which approved China Cinda to become the major shareholder of the company and had no objection to China Cinda's legal transfer of 710 million shares of the company.
On December 28, Founder Securities Co.Ltd(601901) said that China Cinda had completed the transfer registration of the transferee's shares on December 27, 2021. China Cinda has become the main shareholder of the company, holding 710 million shares of the company, accounting for 8.62% of the total share capital of the company. So far, the main shareholders of Founder Securities Co.Ltd(601901) are Founder Group (holding 27.75%), Hong Kong Central Clearing Co., Ltd. (holding 15.52%), Zhengquan Holdings (holding 13.24%) and China Cinda (holding 8.62%).
Founder Securities Co.Ltd(601901) last year, the net profit increased by 50% - 70%
The report card of Founder Securities Co.Ltd(601901) 2021 was also released recently. According to the announcement, Founder Securities Co.Ltd(601901) is expected to realize a net profit attributable to the parent company of 1.645 billion yuan to 1.865 billion yuan in 2021, compared with 1.096 billion yuan in the same period of last year, with a year-on-year increase of 50% to 70%.
The company said that in 2021, the overall market of the capital market recovered, and the trading volume and turnover of the two cities increased year-on-year. The company's brokerage business income and proprietary income increased compared with the previous year, which is also the main reason for the growth of performance.
In the same period, Founder Securities Co.Ltd(601901) also announced the progress of the litigation involving the company. According to the announcement, Guangzhou Ruifeng, Lin Yongfei, Weng Wuqiang and other customers, as participants, respectively carried out stock pledge repurchase transactions with the company. Due to the breach of the stock pledge repurchase transactions carried out by the above-mentioned integrated parties, the company, as the executor of the application, applied to the Hunan high court for enforcement according to law, requiring each integrated party, the guarantor and other Executees to immediately repay all debts owed to the company, such as the financing principal and corresponding interest, liquidated damages, and the cost of realizing creditor's rights and pledge.
On January 17, 2022, Founder Securities Co.Ltd(601901) received the execution ruling delivered by Changsha intermediate people's court. Changsha intermediate people's court held that the court has executed part of the property that can be executed, and there is no other property available for execution after inquiry. This execution procedure should be terminated. Up to now, Founder Securities Co.Ltd(601901) has made impairment provision of about 359 million yuan for the above series of cases. The termination of this execution procedure has no impact on the company's current and future profits.
