Recently, China Minsheng Banking Corp.Ltd(600016) announced that the bank’s shareholder China Oceanwide Holdings Co.Ltd(000046) Group Co., Ltd. (hereinafter referred to as “China oceanwide”) transferred 216 million A-Shares of the bank to Xiamen International Bank Co., Ltd.
It is understood that by the end of September 2021, China oceanwide held China Minsheng Banking Corp.Ltd(600016) 2.019 billion shares, of which 2.016 billion shares were pledged and 388.8 million shares were frozen.
It is worth noting that in the past week, China oceanwide has issued two consecutive announcements, which show that the shares of its two holding subsidiaries will be auctioned and re frozen by the judiciary respectively.
China oceanwide transferred 216 million China Minsheng Banking Corp.Ltd(600016) shares
Recently, China China Minsheng Banking Corp.Ltd(600016) issued the announcement on the completion of transfer of shares by major shareholders through agreement.
According to the announcement, on December 22, 2021, China oceanwide signed the pledge securities disposal agreement with Xiamen International Bank Co., Ltd., and China oceanwide transferred its China Minsheng Banking Corp.Ltd(600016) 216 million A-Shares (accounting for 0.5% of the total share capital of China Minsheng Banking Corp.Ltd(600016) ) to Xiamen International Bank Co., Ltd.
After the share transfer, China oceanwide holds China Minsheng Banking Corp.Ltd(600016) a ordinary shares of 1.803 billion, and the number of shares held by its related parties China Oceanwide International Investment Co., Ltd., Longheng Capital Co., Ltd. and Oceanwide International Equity Investment Co., Ltd. remains unchanged. The total number of China Minsheng Banking Corp.Ltd(600016) shares held by China oceanwide and its related parties is 2.554 billion shares, accounting for 5.83% of the total share capital of China Minsheng Banking Corp.Ltd(600016) .
In fact, on July 14, 2021, China Minsheng Banking Corp.Ltd(600016) received a letter from the shareholder China oceanwide, saying that its China Minsheng Banking Corp.Ltd(600016) shares would be auctioned by the judiciary.
China Minsheng Banking Corp.Ltd(600016) announced that the Beijing Second Intermediate People’s court publicly auctioned 3.888 A-Shares of the bank held by China oceanwide on Ali judicial auction platform, accounting for 0.89% of the total share capital of China Minsheng Banking Corp.Ltd(600016) , and all the above shares have been frozen by justice. The reason for the auction was that China oceanwide was applied to the court for enforcement by Ping An Trust according to the notarized creditor’s right document due to debt disputes.
However, according to the data, the Beijing Second Intermediate People’s court has withdrawn the above auction due to the consensus between China oceanwide and Ping An Trust.
In addition to the transferred shares of China Minsheng Banking Corp.Ltd(600016) , the shares of subsidiaries held by China oceanwide have also been auctioned and re frozen recently.
The shares of subsidiaries held by have been auctioned for many times
According to the information on the official website, China oceanwide was founded in 1985. The founder, legal representative, chairman and President of the group is Lu Zhiqiang. Its business covers financial services, real estate and infrastructure, science and technology services and data information technology, power, strategic investment and other fields.
In 2020, China oceanwide achieved a total operating revenue (consolidated caliber) of 20.441 billion yuan and a total profit of -6.131 billion yuan, resulting in huge losses. In the first half of 2021, China oceanwide realized a total profit of 1.778 billion yuan.
Despite the significant increase in profits in the first half of the year, the shares of China oceanwide’s subsidiaries were auctioned or re frozen in the second half of 2021.
On December 28, 2021, China oceanwide released the announcement that part of the shares of listed companies held by the company and persons acting in concert will be auctioned. The announcement shows that a total of 105.7 million shares of Oceanwide Holdings Co.Ltd(000046) (hereinafter referred to as ” Oceanwide Holdings Co.Ltd(000046) “) held by China oceanwide and Lu Zhiqiang, who acted in concert, will be publicly auctioned by the court on Alibaba judicial auction network platform on January 24, 2022. According to the data, Oceanwide Holdings Co.Ltd(000046) is a holding subsidiary of China oceanwide.
It is understood that as of December 25, 2021, China oceanwide held Oceanwide Holdings Co.Ltd(000046) 32647 million shares (accounting for 62.828%), while as of May 18, 2021, China oceanwide held Oceanwide Holdings Co.Ltd(000046) 68.49%.
It is understood that the Oceanwide Holdings Co.Ltd(000046) equity held by China oceanwide has been auctioned many times in the second half of 2021.
At present, among the Oceanwide Holdings Co.Ltd(000046) shares held by oceanwide, China has pledged 3264.6 million shares, accounting for 99.998% of its shares; 1.081 billion shares have been frozen, accounting for 33.1% of its shares; 87.4253 million shares are to be auctioned, accounting for 2.678% of its shares.
In addition, on December 29, 2021, China oceanwide issued the announcement on the judicial re freezing of some equity of its subsidiaries, saying that some of its shares of Minsheng Holdings Co.Ltd(000416) were re frozen by justice. It is worth noting that the announcement mentioned that as of December 25, 2021, all the Minsheng Holdings Co.Ltd(000416) shares held by China oceanwide had been pledged, and the accumulated frozen shares accounted for 45.84% of the Minsheng Holdings Co.Ltd(000416) shares held by China oceanwide.
(Daily Economic News)
