Recently, the 110 million shares of Shengang securities held by Beijing guoze Capital Management Co., Ltd. are being publicly auctioned on a website.
According to the 2020 annual report of Shengang securities, by the end of 2020, guoze capital held 8.1112% equity of Shengang securities, ranking the fifth largest shareholder of the company. However, China securities company learned from the inside of Shengang securities that guoze capital has transferred part of the equity of Shengang securities. At present, the shareholding ratio is 3.4762%, and it is no longer a major shareholder.
Shengang securities has entered the IPO guidance filing period, and has signed a guidance agreement with Huatai United Securities on February 22, 2022. The relevant person of the company told the Chinese reporter of the securities firm that at present, the company operates independently, and the shareholding change of individual shareholders will not affect the normal operation of the company or the listing of the company
public auction of 110 million shares
According to Alibaba auction website, Henan Jiaozuo intermediate people’s court will conduct the second public auction of 110 million shares of Shengang securities held by guoze capital on the Alibaba judicial auction network platform of Henan Jiaozuo intermediate people’s court from 17:00 on March 27 to 17:00 on March 28, 2022 (except for delay). The appraisal price of the equity is 137100000 yuan, the starting price is 123732750 yuan, and the required deposit is 6.2 million yuan. No one has signed up yet.
Henan Jiaozuo intermediate people’s court said, The bidder shall comply with the relevant provisions and conditions of the CSRC on taking shares in securities companies (including but not limited to: guidelines for the examination of administrative license of securities companies No. 10 – capital increase and power expansion and equity change of securities companies, securities law, notice on matters related to the change of shareholders holding less than 5% equity of securities companies Guidelines for the reporting of changes in shareholders holding less than 5% equity of securities companies, regulations on the supervision and administration of securities companies, decision on Amending the provisions on the administration of equity of securities companies, decision on Amending the provisions on the implementation of the provisions on the administration of equity of securities companies, etc.), bidders can consult relevant institutions about the qualification of bidders, If the bid is successful because the buyer does not meet the buyer’s qualification stipulated by law, it shall bear the corresponding legal liability, bear the consequences and do not return the deposit.
It is understood that the equity has been a second auction. On February 26, the equity was auctioned at a low price of 130245000 yuan, but it was finally sold.
public information shows that by the end of 2020, guoze capital held 8.1112% equity of Shengang securities, ranking the fifth largest shareholder of Shengang securities
However, China securities company learned from the inside of Shengang securities that guoze capital has transferred part of the equity of Shengang securities. At present, the shareholding ratio is 3.4762%, which is no longer the main shareholder.
Guoze capital was established on February 23, 2011 and its main business scope is asset management. At present, the company has many operational risks. Tianyan check, judgment document network and other information show that Beijing guoze capital has become the object of prosecution for loan disputes for many times. In 2021, the company’s 110 million shares of Shengang securities were enforced by the intermediate people’s Court of Jiaozuo City, Henan Province due to creditor’s rights disputes. In addition, the company’s equity of 40 million yuan of Shengang securities was frozen by Beijing third intermediate people’s court.
response: the change of shareholding of individual shareholders does not affect the normal operation of the company
Shengang securities was initiated and established by 3 licensed financial institutions in Hong Kong and 11 Chinese institutional investors. It was approved by the CSRC on March 14, 2016. It is the first joint venture fully licensed securities company established in China in accordance with the CEPA Agreement (arrangement on establishing closer economic and trade relations).
Not long ago, the CSRC website disclosed that Shengang securities entered the IPO guidance filing period and signed a guidance agreement with Huatai United Securities on February 22, 2022. On the whole, Shengang securities is in good operation at present.
According to the annual report of Shengang securities in 2020, the operation of the company is relatively stable. The 2020 consolidated profit statement shows that Shengang securities achieved a total operating income of 1.422 billion yuan and a net profit of 331 million yuan in 2020.
As of December 31, 2020, the total assets of Shengang securities were 95.5% The purchase and resale of financial assets accounted for 9.6 billion yuan, accounting for 3.5 billion yuan 07%； Total liabilities amounted to 51 2.8 billion yuan, mainly due to the sale and repurchase of financial assets, trading financial liabilities, accounts payable, employee salaries payable and taxes payable.
The relevant person of Shengang securities told the Chinese reporter of the securities firm that at present, the company operates independently, and the equity change of individual shareholders will not affect the normal operation of the company or the listing of the company.
In recent years, the equity transfer speed of small and medium-sized securities companies has been rapid, and it is not uncommon for equity to be auctioned publicly. On the whole, the factors such as the selling and cash out of the original shareholders and the integration of the same industry have become important factors in the equity transfer of securities companies.
The lack of strength of some shareholders also leads to the instability of the equity of securities companies. As a high-quality asset, when the original shareholders have financial difficulties, the equity of securities companies held by the original shareholders often becomes an important chip for the selling and cash out of the original shareholders. For example, after the former controlling shareholder of Minsheng securities Oceanwide Holdings Co.Ltd(000046) encountered a liquidity crisis, it has sold the equity of Minsheng Securities for cash for many times.
In order to strengthen the equity management of securities companies, the supervision also puts forward higher requirements for the qualification of shareholders of securities companies. The regulations on equity management of securities companies require that the controlling shareholders of securities companies meet the conditions of total assets of no less than 50 billion yuan and net assets of no less than 20 billion yuan; For shareholders holding less than 5%, they should also meet the conditions that they and the institutions they control have good reputation and have no record of major violations of laws and regulations or major bad faith records in the past three years.
