Just over the weekend, Jinzi Ham Co.Ltd(002515) the “A-share good father-in-law” who paid back the money for his son-in-law brushed the screen. The reporter of China Securities Journal found that in recent years, such “good people and good deeds” have been performed frequently in a shares:
There are “A-share good students” who can’t bear to watch the delisting of their classmates’ companies and donate huge assets, there are “A-share good wives” who send their companies to help their husbands protect their shells, there are “A-share good companies” who sell off assets and pay wages to employees to pay social security, and “A-share good bosses” who take out a large amount of money to give year-end bonuses to employees of their listed companies
“Good people and good deeds” are performed frequently. What’s the mystery behind it?
“good people and good deeds” frequently staged
In the case of Jinzi Ham Co.Ltd(002515) , the compensation for the traders who lost 55.1 million yuan in the company’s futures due to “unauthorized” closing of positions and paid them back out of their own pocket came from their own and self raised funds of themselves and their father-in-law Shi xiongbiao. In order to raise the above funds, Shi xiongbiao did not hesitate to borrow money and sell shares. No wonder he was called “A-share good father-in-law”.
The father-in-law can also give generously for his son-in-law, and the husband and wife share weal and woe.
On the evening of August 16, 2019, HuaSu holdings announced that Zhang ziruo, one of the actual controllers, intended to give 100% equity of Bowei Yilong to the company free of charge, and the donated assets were not attached with any conditions and obligations. Another important identity of Zhang ziruo is the wife of Li Xuefeng, one of the actual controllers of HuaSu holdings and chairman of the company.
“Rely on your wife at home and your classmates outside.” In addition to “A-share good wife”, there are “A-share good classmates” who can help you.
On December 12, 2015, * ST Boyuan announced that Zheng Weibin, a middle school classmate and natural person shareholder of Xu Jiaming, chairman of the company, plans to donate 95% of the equity of Fujian Kuangyu (with an evaluation value of up to 859 million yuan) to the company free of charge. It is worth noting that Zheng Weibin only held 1400 shares of * ST Bo Yuan at that time.
The small shareholders holding only 1400 shares are still so generous, and the controlling shareholders are duty bound.
On the evening of December 29, 2020, St rock announced that in order to further enhance the main business of the listed company and improve the sustainable operation ability of the company, guijiu development, the controlling shareholder of the company, plans to give its 52% equity of Gaojiang liquor industry to the listed company free of charge. With the help of the “A-share good shareholder”, St rock pulled four trading limits in a row.
Of course, it’s important not only to be good to the company, but also to the employees. In this regard, there are also many “A-share good bosses” and “A-share good companies”.
On the evening of December 19, 2019, Citychamp Dartong Co.Ltd(600067) announced that in order to “enhance Citychamp Dartong Co.Ltd(600067) employees’ sense of responsibility and mission to the company”, Fengrong investment, the controlling shareholder of the company, donated 200 million yuan to the company free of charge to reward employees who have made outstanding contributions to the development of the company.
On the evening of December 30 of the same year, * ST Kaidi announced that in order to effectively solve the problems of employees’ wages and social security and stabilize the staff team, it plans to package and sell 193 million yuan of creditor’s rights and the equity of three subsidiaries at a discount, and conduct the transaction according to no less than 50 million yuan after the discount.
What’s behind
A good father-in-law, a good wife, a good classmate, a good shareholder, a good company, a good boss… Is it all because of “love for no reason”? Some cases are not that simple.
Take “A-share good students” as an example* St Boyuan said that the original intention of Zheng Weibin’s donation was “can’t bear to sit back and watch * ST Boyuan delisting, hoping to improve the company’s financial situation and restore the company’s sustainable operation ability through donation.” However, under the repeated pressure of supervision, the truth of the matter slowly surfaced.
It turned out that according to the agreement, when Zheng Weibin could not pay the 95% equity transfer price of Fujian Kuangyu in full on schedule, Xu Jiaming agreed to provide financial assistance free of charge for the insufficient part in time according to Zheng Weibin’s request. In other words, in this donation, Zheng Weibin is suspected to play the role of “vest”, and Xu Jiaming may be the behind the scenes financier.
Finally, the “immortal bird” * ST Boyuan still failed to escape the end of being terminated from listing.
In fact, after combing, the reporter of China Securities Journal found that, just like the “good students of a shares” staged in the case of * ST Boyuan, the “good people and good deeds” of a shares, especially the “free donation” to listed companies, whether assets or funds, are related to shell preservation.
For another example, on the night Zhang ziruo announced the free donation, the semi annual report disclosed by HuaSu holdings showed that the company continued to lose money, and the net assets at the end of the period were only 2.0886 million yuan. Once the company lost again in the second half of the year and the net assets of the company turned negative, it would face the fate of being St. At this critical time, “A-share good wife” had to make a move.
In fact, the ill fated HuaSu Holdings has been able to successfully protect its shell for many years because it has a “good wife”, “good shareholder” and “good boss”. In 2013, HuaSu holdings, which has been losing money for two years, will face delisting if it loses again. At that time, the controlling shareholder wheat field investment donated money and assets to help it turn losses into profits; On the last day of 2016, wheat field investment donated another 50 million yuan to help its net assets become positive; In 2017, Li Xuefeng donated his 51% equity of Sakura hospital to the company
