Five years later, the listed company was able to return the property to its original owner, and returned it at a substantial discount.
On March 26, Jiangsu Tongda Power Technology Co.Ltd(002576) announced that Tianjin Xinda, the controlling shareholder of the company, signed the share transfer agreement with Nantong Yida, agreeing that Tianjin Xinda would transfer Jiangsu Tongda Power Technology Co.Ltd(002576) 2584 million shares held by Tianjin Xinda (accounting for 15.65% of the total share capital of the listed company) to Nantong Yida. Meanwhile, Tianjin Xinda will give up the voting rights corresponding to the remaining shares of the listed company (about 14.62%) within 36 months from the date of completion of this transaction.
if the above agreement is finally implemented, Nantong Yida owns 15.65% shares in the listed company and will become the controlling shareholder of the listed company. Thus, Jiang Yufeng and Jiang Keyu will become the actual controllers of the listed company
All this happened very suddenly. Not long ago, Tianjin Xinda also once intended to increase its shares in listed companies through subscription lock price.
More dramatically, today’s receiver is the former transferor.
In 2017, Wei Shaojun and Wei Qiang’s father and son took over the control of the listed company from Jiang’s father and son through their Tianjin Xinda. They once planned to operate backdoor listing, but failed to do so.
5 years later, the listed company was sold back to Jiang’s father and son again, and the price was almost “40% off”. Wei Shaojun and Wei Qiang’s father and son bought high and sold low in this series of transactions and withdrew in a hurry, resulting in great losses
return to the original owner
Jiangsu Tongda Power Technology Co.Ltd(002576) announcement shows that Tianjin Xinda, the controlling shareholder of the company, signed the share transfer agreement with Nantong Yida, which agreed that Tianjin Xinda would transfer Jiangsu Tongda Power Technology Co.Ltd(002576) 2584 million shares held by it (accounting for 15.65% of the total share capital of the listed company) to Nantong Yida the price of the underlying shares is 11.61 yuan per share, and the total share transfer price is about 300 million yuan. The latest closing price of the company is 12.71 yuan
Meanwhile, within 36 months from the date of completion of this transaction, Tianjin Xinda will give up the voting rights corresponding to the remaining shares of the listed company (after the completion of this share transfer, Tianjin Xinda still holds 24.139 million shares of the listed company, accounting for 14.62% of the total share capital of the listed company).
it is disclosed that Nantong Yida was established on December 8, 2021, and its legal representative is Jiang Keyu, the son of Jiang Yufeng, the former chairman of Jiangsu Tongda Power Technology Co.Ltd(002576) and the former actual controller . If the above agreement is finally implemented, Nantong Yida owns 15.65% shares in the listed company and will become the controlling shareholder of the listed company; Jiang Yufeng, Jiang Keyu and their sons will become the actual controllers of the listed company.
Quite dramatically, in September 2017, Jiang Yufeng, the former chairman of Jiangsu Tongda Power Technology Co.Ltd(002576) transferred 240082% of the shares of the listed company to Tianjin Xinda. The transfer price of per share reached 30.3 yuan / share, with a total transfer price of 1.2 billion yuan
before the share transfer in September 2017, Tianjin Xinda directly held 5.9737% of the shares of the listed company and held the voting rights corresponding to 240082% of the shares of the listed company through voting right entrustment. After the share transfer, Tianjin Xinda directly held 299818% of the shares of the listed company
Since then, Tianjin Xinda has continued to increase its holdings of Jiangsu Tongda Power Technology Co.Ltd(002576) shares in the secondary market through competitive trading, increasing the proportion of its shares in the listed company to 30% of the total share capital of the company.
When buying shares, the price is as high as about 30.3 yuan / share. When selling some shares five years later, the transaction price becomes 11.61 yuan / share. In this series of transactions, Tianjin Xinda loses a lot. According to the analysis of insiders, the actual purpose of this transaction is that both parties can return the father and son of Jiang to the position of the actual controller of the company by transferring a certain amount of equity, and the loss of Tianjin Xinda due to equity transfer can also be controlled in the minimum range as far as possible.
However, five years later, the transfer price of Jiangsu Tongda Power Technology Co.Ltd(002576) related shares has been reduced by 40% compared with the transfer price in 2017.
backdoor failed
Over the past years, Jiangsu Tongda Power Technology Co.Ltd(002576) repeatedly suspended trading, planned major events and failed to sell shells several times.
In April 2011, Jiangsu Tongda Power Technology Co.Ltd(002576) was listed on the Shenzhen Stock Exchange. At that time, it was the first listed company in China’s silicon steel stamping industry. With the cold of the industry, Jiangsu Tongda Power Technology Co.Ltd(002576) ushered in the first loss of listing in 2014, the main business failed to recover, and the diversified operation did not improve.
Since 2015, Jiangsu Tongda Power Technology Co.Ltd(002576) seeks cross-border cooperation and then embarks on the road of selling shells.
In July 2016, Jiangsu Tongda Power Technology Co.Ltd(002576) announced a major asset restructuring and suspension of trading, and planned to acquire 100% equity of a pharmaceutical and health industry target. However, in less than half a year, in December 2016, Jiangsu Tongda Power Technology Co.Ltd(002576) announced the termination of major asset restructuring.
In January 2017, Jiangsu Tongda Power Technology Co.Ltd(002576) suspended trading and restarted major asset restructuring again. Longji Taihe real estate, a real estate development enterprise in North China, sought backdoor.
The actual controller of Longji Taihe real estate is Wei Shaojun.
On February 10, 2017, Jiang Yufeng, the controlling shareholder of Jiangsu Tongda Power Technology Co.Ltd(002576) and Jiang Keyu, the person acting in concert, signed the share transfer agreement and the voting right entrustment agreement with the counterparty Tianjin Xinda, entrusting the company’s equity and corresponding voting rights to Tianjin Xinda for exercise, of which the equity transfer price of 9.9 million shares is 30.3 yuan / share, and the total transfer price is 299 million yuan. So far, Tianjin Xinda holds 5.9964% of the shares of the listed company and the voting rights corresponding to about 24% of the shares, becoming the controlling shareholder of the listed company, and Wei Shaojun and Wei Qiang’s father and son become the actual controllers of the listed company
Twists and turns. In December 2017, Jiangsu Tongda Power Technology Co.Ltd(002576) again terminated the major asset restructuring. With regard to the abortion of restructuring, Jiangsu Tongda Power Technology Co.Ltd(002576) said at the investor briefing in December 2017 that considering the market environment and various factors, both parties unanimously decided to terminate the restructuring. The company will no longer plan major asset restructuring, nor mention cross-border, but plans to focus on the new energy motor market in the future.
although the reorganization failed, Weishi and his son still gained control of the listed company.
Overall, they hold Jiangsu Tongda Power Technology Co.Ltd(002576) 30% of the shares, of which 299818% of the shares were bought at a high price of 30.3 yuan / share
fixed increase cancellation
If the backdoor failed, Jiangsu Tongda Power Technology Co.Ltd(002576) had to return to the main business.
In the past two years, the performance of Jiangsu Tongda Power Technology Co.Ltd(002576) , which focuses on the new energy motor market, has finally improved.
The 2021 performance express shows that in the past year, the sales volume of Jiangsu Tongda Power Technology Co.Ltd(002576) stator and rotor punching and iron core business increased significantly compared with the same period of last year, and the company achieved a significant increase in sales revenue and total profit compared with the same period of last year in 2021, Jiangsu Tongda Power Technology Co.Ltd(002576) achieved a total operating income of 2 billion yuan and a net profit attributable to the parent company of 106 million yuan, an increase of 32.11% and 19.35% respectively over the same period of last year
In fact, Jiangsu Tongda Power Technology Co.Ltd(002576) everything has just developed in a good direction.
Even, Weishi and his son recently intended to increase their shareholding in listed companies through subscription lock price fixed increase. The fixed increase has been approved by the regulatory authorities, but finally the fixed increase came to an abrupt end. People familiar with the matter said that it was not ruled out that the related industries of Weishi and his son were facing variables.
According to the revised scheme in September 2021, Jiangsu Tongda Power Technology Co.Ltd(002576) plans to raise no more than 430 million yuan from the controlling shareholder Tianjin Xinda at the issue price of 8.87 yuan / share, and the company will use all of it to supplement working capital after deducting the issuance expenses.
In November 2021, the fixed increase plan was approved by the CSRC.
at the beginning of March this year, Jiangsu Tongda Power Technology Co.Ltd(002576) announced that due to the changes in the external objective environment, the company decided to terminate the non-public offering of A-Shares after full communication and careful analysis between the board of directors and management and relevant parties, taking into account the actual situation, development planning and many other factors of the company
Until March 26, the listed company announced the latest share transfer agreement, and Weishi father and son transferred their shares and actual controlling rights at a low price.
According to Tianyan investigation, Longji Taihe under Wei Shaojun has recently had a number of lawsuits, all of which are defendants.
