Six months ago, step on the line and raise cards; Now, retire “offline”.
According to the announcement issued on the evening of Daheng New Epoch Technology Inc(600288) January 14, the shareholder Ren peirui reduced 65000 shares of the company through the bidding system. So far, the proportion of shares held by Ren Qifeng and Ren peirui, who acted in concert, will be reduced from 5.0147% to 4.9999%, and will no longer be a shareholder holding more than 5% of the shares.
This means that the overall shareholding of Ren Qifeng and Ren peirui has “retreated” below the red line of 5%.
The time is just right. On July 14, 2021, Daheng New Epoch Technology Inc(600288) disclosed that on July 9, 2021, Ren peirui increased his holdings of 569900 shares of the company through the bidding system of Shanghai Stock Exchange. As of the closing of the day, Ren Qifeng, Ren peirui’s father, held 1973.68 million shares of the company and Ren peirui held 216.76 million shares. The two sides jointly held 21904400 shares of the company, accounting for 5.0147% of the total share capital, constituting a “show of cards”.
According to the investigation, Ren Qifeng was among the shareholders of Daheng New Epoch Technology Inc(600288) circulating shares as early as the first half of 2015, and quietly withdrew in 2016. In the first half of 2019, he significantly increased his position and appeared on the list. Later, when his shareholding reached 4.88%, he “stood still” until Ren peirui touched the card raising line in a transaction in July 2021.
Daheng New Epoch Technology Inc(600288) is controlled by the Xu Xiang family, a former private placement boss. In December 2014, Zheng Suzhen, the mother of Xu Xiang, spent RMB 1.2 billion to acquire 29.75% of the shares of Daheng New Epoch Technology Inc(600288) and became the largest shareholder. At present, his shares are still 100% frozen by Qingdao intermediate people’s court.
It is worth pondering that July 9, 2021, when Ren peirui raises his card, is a special day. On the same day, Xu Xiang, the former head of Zexi investment, was released from prison.
What is more imaginative is that Ren Qifeng, who is also a native of Ningbo, has a deep friendship with Xu Xiang. Statistics show that the Ren Qifeng family has been deeply involved in Ningbo Kangqiang Electronics Co.Ltd(002119) , Shanghai Precise Packaging Co.Ltd(300442) and other stocks with Zexi investment, playing the role of “ally”.
according to the rules, after the shareholders of a listed company reach the shareholding ratio of 5%, they cannot reverse trade within 6 months, that is, they cannot sell shares. The reduction time of Ren Qifeng and Ren peirui’s father and son is accurately fixed six months after the placard, which shows that it is an active planning.
“In the A-share market, it is of strategic significance for shareholders to reduce their shareholding ratio to less than 5%.” Some investment bankers pointed out that shareholders holding more than 5% will reduce their holdings by a small amount before implementing a large-scale reduction, reduce their shareholding ratio to less than 5% and disclose it to the public. The subsequent reduction of shares does not need to be disclosed because it does not belong to more than 5% shareholders. “A small reduction has a relatively small impact on the market. After the shareholding ratio is reduced to 5%, shareholders can quietly sell shares in the secondary market and leave the market.”
Compared with the equity change report during the increase and reduction half a year ago, when raising the card in July 2021, Ren’s father and son said that Daheng New Epoch Technology Inc(600288) is a high-tech production enterprise. The information disclosure obligor is actively optimistic about the long-term development of the enterprise and expects to enjoy the business results brought by the development of the enterprise through investment.
Now, the principle for this reduction is that the personal funds of the information disclosure obligor need to reduce the shares of the listed company, and it is clear that it will continue to reduce the shares in the future.
From Ren Qifeng’s point of view, “capital demand” is indeed possible.
On December 16, 2021, Ren Qifeng became the chairman of the listed company Jinzi Ham Co.Ltd(002515) . Previously, Ren Guilong, Ren Qifeng’s father-in-law, intended to obtain Jinzi Ham Co.Ltd(002515) actual control by means of transferee shares + participation in fixed increase. Among them, 993 million yuan was invested to acquire Jinzi Ham Co.Ltd(002515) 20.30% shares, and about 1.24 billion yuan was invested to subscribe for additional shares. If the transaction is completed, Ren Guilong will hold Jinzi Ham Co.Ltd(002515) 38.62% of the shares.
However, the buyer originally disclosed in the shell purchase transaction was Ren Qifeng. According to people familiar with the matter, the reason why Ren Guilong, his father-in-law, came forward, or Ren Qifeng’s identity as a Hong Kong citizen of China.
From the secondary market, after Xu Xiang’s family took over Daheng New Epoch Technology Inc(600288) at the end of 2014, the company’s share price continued to rise from the resumption of trading in early 2015 to the highest share price of nearly 40 yuan in June of that year, with a significant increase. After that, it gradually fell down with the adjustment of the market. After Xu Xiang’s case, the stock price of Daheng New Epoch Technology Inc(600288) was depressed, and hovered between 10-13 yuan per share in the last three years. Recently, the company’s share price has rebounded steadily, with the latest share price of 14.63 yuan / share.
