The Hengli Petrochemical Co.Ltd(600346) , with soaring oil prices and falling stock prices, and the 150 billion big white horse stock, have just made a big move to throw out two plans for employee stock ownership of more than 10 billion.
In 2021, Chen Jianhua and fan Weihong, the bosses of Hengli Petrochemical Co.Ltd(600346) , surpassed Liu qiangdong of jd.com and became the “richest man in Jiangsu” on the Hurun rich list with a wealth of 260 billion. But as share prices continued to fall, wealth shrank sharply.
Just as the share price plunged again and again, Hengli Petrochemical Co.Ltd(600346) threw out two powerful plans, an employee stock ownership plan of nearly 10 billion. The actual controllers Chen Jianhua and his wife not only revealed the bottom, but also guaranteed that the annualized rate of return would not be less than 3.7%.
By the end of September last year, there were 127900 Hengli Petrochemical Co.Ltd(600346) shareholders.
150 billion Hengli Petrochemical Co.Ltd(600346) throw out two 10 billion share holding plans
Due to the global turmoil, the price of crude oil has continued to soar recently, which makes the petrochemical stocks of oil as raw materials suffer. Petrochemical giants have plummeted one after another, and Hengli Petrochemical Co.Ltd(600346) is the case. After a series of crashes in the last two trading days, Hengli Petrochemical Co.Ltd(600346) threw out two employee stock ownership plans of nearly 10 billion.
On March 3, Hengli Petrochemical Co.Ltd(600346) announced that the company plans to implement the sixth phase of employee stock ownership plan, with the upper limit of employee contribution of 3.69 billion yuan and 1:1 financing, with the upper limit of 7.38 billion yuan; In addition, the employees of Hengli Group and its affiliated subsidiaries, the controlling shareholder of the company, plan to purchase the company’s shares through special financing products, which is also the upper limit of 1.24 billion yuan for employees, 1:1 financing, and the upper limit reaches 2.48 billion yuan.
The total amount of the two employee stock ownership plans shall not exceed 9.86 billion yuan.
This Hengli Petrochemical Co.Ltd(600346) ‘s 7.38 billion yuan employee stock ownership plan covers a wide range, including company executives, ordinary employees, etc. The total number of employees participating in the subscription is no more than 11000, including no more than 8 directors, supervisors and senior managers who subscribe for the employee stock ownership plan.
The duration of the employee stock ownership plan of a listed company is 36 months. The stock source is the company’s shares repurchased by the company and purchased through the secondary market.
The controlling shareholder Hengli Group and some employees of its affiliated subsidiaries (except listed companies and holding subsidiaries of listed companies) planned a 2.48 billion yuan plan, and the stock source is Hengli Petrochemical Co.Ltd(600346) shares transferred to it by Hengli Group and its concerted actors.
actual controller and his wife, guaranteed principal + 3.7% annualized income
For the employee stock ownership plan of nearly 10 billion yuan, the actual controller Chen Jianhua and his wife also revealed the bottom of the principal of the employees and guaranteed an annualized rate of return of no less than 3.7%.
According to the announcement, the company’s controlling shareholder Hengli Group or (/ and) actual controllers Chen Jianhua and fan Hongwei provide joint and several guarantee liability and recovery liability for the principal and interest of financial institutions (if necessary).
The controlling shareholder of the company Hengli Group and the actual controllers Chen Jianhua and fan Hongwei provide a guarantee for the ESOP. After deducting relevant taxes, they ensure that the annualized rate of return of employees’ own funds calculated by simple interest is not lower than the one-year loan market quotation interest rate LPR (i.e. 3.70%) published by the interbank lending center of the people’s Bank of China on the date when the board of directors adopts the ESOP.
oil prices soared, share prices continued to collapse, and the high level has been halved
Hengli Petrochemical Co.Ltd(600346) suddenly threw out such a big deal, behind which was the continuous decline of the company’s share price and the accelerated collapse in the last two days. From a high of 49 yuan in February last year, there is only 21 yuan left, which has been halved.
After a sharp drop of 8.63% on March 2, it plunged 5.03% on March 3. The share price closed at 21.51 yuan, with the latest market value of 151.4 billion yuan.
