The scallop who runs away many times Zoneco Group Co.Ltd(002069) will change its master!
On March 26, the auction announcement of Beijing Equity Exchange showed that 109.96 million shares of the company held by Zoneco Group Co.Ltd(002069) controlling shareholders were auctioned off by a state-owned company in Dalian for 343 million yuan.
The price of this auction is about 3.12 yuan per share. Based on Zoneco Group Co.Ltd(002069) the latest share price of 4.16 yuan, it is roughly equivalent to a “75” discount!
It should be noted that this part of equity accounts for 15.46% of Zoneco Group Co.Ltd(002069) total share capital. After the ownership of this part of shares is changed, the Dalian state-owned assets company will become the largest shareholder of Zoneco Group Co.Ltd(002069) .
Dalian state owned assets
On March 26, the judicial auction of Beijing Equity Exchange showed that 109.96 million shares held by Zoneco Group Co.Ltd(002069) investment development center of Changhai County, the controlling shareholder of Zoneco Group Co.Ltd(002069) were successfully auctioned. The auction page shows that only one person signed up for the one-day judicial auction, which was concluded at the starting price of about 343 million yuan.
Source: Beijing Equity Exchange
The buyer of this auction is Dalian Yanhua Group Co., Ltd. According to the company’s official website, Dalian Salt Chemical Group Co., Ltd. (formerly known as Dalian Fuzhouwan salt farm), founded in 1848, is a wholly state-owned enterprise in Dalian. It is one of the four sea salt farms in China, with total assets of 5 billion yuan.
Source: Official Website of Dalian Salt Chemical Group Co., Ltd
Tianyancha data show that the state owned assets supervision and Administration Commission of Dalian Municipal People’s government finally holds all the shares of Dalian Yanhua.
Source: tianyancha
In an announcement in February this year, Zoneco Group Co.Ltd(002069) said that if the auction transaction is completed, the controlling shareholder and actual controller of the company will change.
The current controlling shareholder of Zoneco Group Co.Ltd(002069) Changhai County Zoneco Group Co.Ltd(002069) investment development center holds a total of 22.50%, while the shares in this auction account for 15.46% of the total share capital of Zoneco Group Co.Ltd(002069) capital. This means that the shareholding ratio of the original controlling shareholder will be reduced to about 7.04%, and Dalian YANHUA will become the largest shareholder of Zoneco Group Co.Ltd(002069) with 15.46% shares.
Source: China stock market news
performance is not optimistic
Zoneco Group Co.Ltd(002069) controlling shareholder’s equity has been auctioned for the first time.
The announcement shows that from June 28, 2021 to October 6, 2021, Zoneco Group Co.Ltd(002069) controlling shareholders have been auctioned, sold off and paid off 587999 million shares, accounting for 8.27% of the total share capital of the company; The number of shares held by the company changed from 218768800 to 159968900, and the shareholding ratio changed from 30.767% to 22.50%.
At the same time, in February this year, Zoneco Group Co.Ltd(002069) announced that the controlling shareholders and other shareholders of the company had received the award of Shenzhen International Arbitration Court due to the pledged securities repurchase dispute with Ping An Securities Co., Ltd. After entering the execution procedure, if the controlling shareholder of the company, as the person subjected to execution, fails to perform the repayment obligation, the frozen securities shall be changed in price, and the proceeds from the change in price shall be used to pay off the debts owed by the person subjected to execution.
Source: company announcement
Since the end of last year, Zoneco Group Co.Ltd(002069) share price has risen more than 40% from the bottom.
Source: China stock market news
But the company’s business situation is still not optimistic Zoneco Group Co.Ltd(002069) released the performance forecast for 2021, which showed that although the company realized a net profit of 6 million yuan to 9 million yuan attributable to the shareholders of the listed company in 2021, the net profit after deducting non recurring profits and losses was a loss of 80 million yuan to 120 million yuan.
Source: company announcement
The relevant operations of Zoneco Group Co.Ltd(002069) also aroused the query of Shenzhen Stock Exchange, requiring Zoneco Group Co.Ltd(002069) to explain whether there is surprise trading at the end of the year, so as to avoid the delisting risk warning of stock trading.
At the end of the third quarter of 2021, Zoneco Group Co.Ltd(002069) the owner’s equity attributable to the shareholders of the listed company was -267962 million yuan, that is, the net assets were negative and faced the risk of delisting.
However, in the fourth quarter of 2021, Zoneco Group Co.Ltd(002069) due to the suspension and shutdown subsidy of cold chain industry affected by covid-19 pneumonia in Dalian and the sale of relevant assets of Zhuanghe branch, the company’s income increased by about 120 million yuan. The company is expected to realize a net profit of 6 million yuan to 9 million yuan attributable to the shareholders of the listed company in the whole year.
Under this series of operations, Zoneco Group Co.Ltd(002069) it is expected that the owner’s equity attributable to the shareholders of the listed company will become negative to positive at the end of the year Zoneco Group Co.Ltd(002069) said that the transaction of selling assets and absorbing investment has commercial essence, is in line with the company’s development strategy and shareholders’ interests, and the transaction pricing is reasonable and fair. There is no surprise transaction at the end of the year to avoid the delisting risk warning of stock trading, and the relevant income is recognized as accounting treatment compliance.
