Shenzhen Sunrise New Energy Co.Ltd(002256) (002256. SZ) shareholder replacement occurs again.
According to the announcement on January 6, Shenzhen Sunrise New Energy Co.Ltd(002256) the second largest shareholder Huitong Zhengyuan sold 121.4278 million shares, which was successfully auctioned on January 5, 2022.
This is all the Shenzhen Sunrise New Energy Co.Ltd(002256) shares held by Huitong Zhengyuan, accounting for 6.45% of the total share capital of Shenzhen Sunrise New Energy Co.Ltd(002256) , and the successors are he Changjin and Liu Yu.
“He Changjin and Liu Yu have not contacted the company, and we have no way to contact them.” Shenzhen Sunrise New Energy Co.Ltd(002256) relevant people told the 21st Century Business Herald reporter on the afternoon of January 6.
The 21st Century Business Herald reporter further learned that previously, all the shares held by the concerted action person Chengdu Rainbow Appliance(Group) Shares Co.Ltd(003023) of the Shenzhen Sunrise New Energy Co.Ltd(002256) actual controller have been auctioned, and the controlling shareholder may change when the shares held by the Shenzhen Sunrise New Energy Co.Ltd(002256) actual controller are being auctioned.
there are still 151 million proceeds from discount auction
The 121.4278 million shares of Huitong Zhengyuan, accounting for Shenzhen Sunrise New Energy Co.Ltd(002256) 6.45%, were auctioned for the third time.
The announcement shows that due to the dispute over notarized creditor’s rights documents with CITIC Trust, the Shenzhen intermediate court ruled to auction and sell Shenzhen Sunrise New Energy Co.Ltd(002256) 121427800 shares held by Huitong Zhengyuan, and conducted two public auctions in mid September and mid October 2021 respectively, both of which were sold out due to no bidding.
In the above two auctions, the assessed value of the shares held by Huitong Zhengyuan was RMB 423 million. After the auction, the starting price decreased from 559 million yuan to 448 million yuan.
According to the disclosure on Shenzhen Sunrise New Energy Co.Ltd(002256) January 6, 121.4278 million shares of Huitong Zhengyuan, which was successfully auctioned on January 5, were sold at a transaction price of 447.5757 million yuan.
Based on this calculation, the transaction unit price of the above auction is 3.686 yuan / share, while the closing price of Shenzhen Sunrise New Energy Co.Ltd(002256) on the transaction day is 4.65 yuan / share, with a discount rate of 20.73%.
However, there is still no further news about where he Changjin and Liu Yu, who spent 448 million yuan to receive the offer, are sacred.
Shenzhen Sunrise New Energy Co.Ltd(002256) also said that at present, it is impossible to know the distribution of shares of the two bidders (he Changjin and Liu Yu) or whether they have a concerted action relationship.
The above auction still needs to involve the procedures such as the bidder paying the balance of the auction, the court issuing the ruling on the success of the auction, and the equity transfer. Within 6 months after the completion of the share transfer, the bidder still needs to jointly abide by the relevant provisions that the total number of shares reduced by centralized bidding in any continuous 90 natural days shall not exceed 1% of the total number of shares of the company.
Huitong Zhengyuan is now reduced to the situation that its shares are auctioned, which is regrettable, and it once attracted much attention because of the Guo Meimei incident.
The 21st Century Business Herald reporter checked the historical announcement and found that Huitong became an important shareholder by subscribing for Shenzhen Sunrise New Energy Co.Ltd(002256) fixed increase refinancing in May 2016. At that time, its subscription scale was to invest 297 million yuan to obtain 30357000 shares, accounting for 6.44% of the total share capital of Shenzhen Sunrise New Energy Co.Ltd(002256) .
After that, Shenzhen Sunrise New Energy Co.Ltd(002256) launched the 2016 semi annual equity distribution plan of increasing 30 shares per 10 shares, and Huitong Zhengyuan’s shareholding became 121.4278 million shares.
Huitong Zhengyuan is finally controlled by Wang Jun, who is considered to be the “net red” and Guo Meimei’s “Godfather” who has been jailed twice. Guo Meimei once flaunted her wealth as the “general commercial manager of the Red Cross Society of China”, and Wang Jun, the keeper, was well known by the public.
Huitong Zhengyuan also proposed to remove Shenzhen Sunrise New Energy Co.Ltd(002256) the then chairman and two directors on the grounds that ” Shenzhen Sunrise New Energy Co.Ltd(002256) the board of directors and management seriously damaged the interests of all shareholders” in December 2019, and requested to reduce the remuneration standard of some directors, but it was not settled in the end.
However, although Shenzhen Sunrise New Energy Co.Ltd(002256) 121427800 shares held by Huitong Zhengyuan were auctioned at a discount, Huitong Zhengyuan also obtained a return of 151 million yuan for more than five years, with a yield of 50.84%.
almost all the shares of the actual controller were auctioned
The shares held by Huitong Zhengyuan were forced to withdraw due to auction, and the actual controller of Shenzhen Sunrise New Energy Co.Ltd(002256) is also “copying” this exit mode.
According to the Shenzhen Sunrise New Energy Co.Ltd(002256) announcement, due to the dispute over the loan contract between the controlling shareholder and actual controller Chen Yongdi and CITIC Trust, on December 27, 2021, the company received the execution ruling of Shenzhen intermediate court and planned to auction Shenzhen Sunrise New Energy Co.Ltd(002256) 486007100 shares held by Chen Yongdi for the third time, and the auction time is to be determined.
The above shares to be auctioned account for 25.82% of the total share capital of Shenzhen Sunrise New Energy Co.Ltd(002256) company and 99.1% of the total shares held by Chen Yongdi.
Therefore, the auction will lead to the change of Shenzhen Sunrise New Energy Co.Ltd(002256) controlling shareholder and actual controller.
Previously, the above-mentioned shares held by Chen Yongdi originally scheduled to be auctioned by Shenzhen Intermediate Court on December 16, 2019 and November 8, 2020 were withdrawn successively due to the reasonable objection of outsiders to the auction property and the objection of creditors to the auction price
In the first two auctions, the appraisal value of the above 486 million shares was 1.356 billion yuan, and the starting prices were 1.084 billion yuan and 950 million yuan respectively.
In this third auction, the court rejected the objection request of outsiders and finally ruled that the auction was compulsory.
“We are also paying attention to the third auction and have to wait for the next step.” The aforementioned Shenzhen Sunrise New Energy Co.Ltd(002256) relevant person told the 21st Century Business Herald reporter.
Although the above third auction has not yet started, another 4 million shares of Shenzhen Sunrise New Energy Co.Ltd(002256) held by Chen Yongdi have been decided by the Futian District Court of Shenzhen to be auctioned from January 7 to 8, 2022.
According to the calculation, the Shenzhen Sunrise New Energy Co.Ltd(002256) shares held by Chen Yongdi by the above two courts were 49007100 shares in total. Up to now, Chen Yongdi has held 490406800 shares accounting for Shenzhen Sunrise New Energy Co.Ltd(002256) 26.05%. If the auction is successful, only 399700 shares remain.
The debt involved by Chen Yongdi is much greater than the value of Shenzhen Sunrise New Energy Co.Ltd(002256) shares currently held. The Shenzhen intermediate court finally ruled to forcibly auction 486 million shares held by Chen Yongdi, which is also expressed as “priority to pay off the debt in this case”.
According to the historical announcement, Chen Yongdi and his controlled Chengdu Rainbow Appliance(Group) Shares Co.Ltd(003023) held a total of 996.5 million shares accounting for 52.93% of Shenzhen Sunrise New Energy Co.Ltd(002256) . After that, Chengdu Rainbow Appliance(Group) Shares Co.Ltd(003023) reduced its cumulative holdings of 12.89% of Shenzhen Sunrise New Energy Co.Ltd(002256) shares through the exchange of exchangeable bonds from August 18, 2017 to July 20, 2018, and its total holdings became 40.05%.
That is, since the reduction of Chengdu Rainbow Appliance(Group) Shares Co.Ltd(003023) , Chen Yongdi has fallen into a debt crisis, and his Shenzhen Sunrise New Energy Co.Ltd(002256) has been continuously frozen and auctioned by the judiciary. As of November 9, 2021, all 13.79% Shenzhen Sunrise New Energy Co.Ltd(002256) held by Chengdu Rainbow Appliance(Group) Shares Co.Ltd(003023) have been auctioned and the transfer procedures have been completed.
At present, almost all the remaining Shenzhen Sunrise New Energy Co.Ltd(002256) shares held by Chen Yongdi are waiting for auction, but the cumulative number of shares waiting to be frozen is much higher than this number.
According to the announcement of Shenzhen Sunrise New Energy Co.Ltd(002256) , the cumulative number of frozen shares of Chen Yongdi was 490 million, accounting for 100% of his shares and 26.05% of the total share capital of the company; The cumulative number of shares waiting to be frozen was 4.523 billion, accounting for 922.3% of the company’s shares and 240.28% of the company’s total share capital.
The Shenzhen Sunrise New Energy Co.Ltd(002256) shares held by shareholders were auctioned in turn, resulting in a loss of 308 million yuan in the first three quarters of 2021, the highest loss in history.
“At present, the company is operating normally.” The above-mentioned Shenzhen Sunrise New Energy Co.Ltd(002256) relevant persons said so about the impact of the possible change of the controlling shareholder.
(21st Century Business Herald)
