Landocean Energy Services Co.Ltd(300157) the dispute over control is “endless”. New entrants may increase their shares

I thought that after the new shareholder shuosheng technology obtained the control, the old shareholder Yinchuan Zhongneng did not vote against it at the shareholders’ meeting. The one-year dispute over the control of new and old shareholders is expected to end, and both sides can put all their energy into the operation of Landocean Energy Services Co.Ltd(300157) company. However, at present, the “drama” of the dispute over Landocean Energy Services Co.Ltd(300157) control has not ended.

On January 18, Landocean Energy Services Co.Ltd(300157) issued an announcement in reply to the letter of concern of Shenzhen Stock Exchange, saying that Housen investment has no intention to actively seek Landocean Energy Services Co.Ltd(300157) control in the next 12 months; If the later development of Landocean Energy Services Co.Ltd(300157) is consistent with the development direction of Housen investment, Housen investment does not rule out continuing to increase its holdings of Landocean Energy Services Co.Ltd(300157) shares.

However, it is worth mentioning that up to now, the proportion of voting shares owned by Housen investment is up to 14.23%. If Housen investment further increases its holdings in the future, it will approach the shareholding proportion of 17.40% of Landocean Energy Services Co.Ltd(300157) controlling shareholders.

This means that Landocean Energy Services Co.Ltd(300157) the controlling right that has just stabilized is facing new uncertainty.

Who is Housen investment? Previously, on January 5, Landocean Energy Services Co.Ltd(300157) announced that the company’s shareholder Yinchuan Zhongneng and Landocean Energy Services Co.Ltd(300157) former Chairman Sun Gengwen entrusted 14.23% of the voting rights to Housen investment. This has attracted the attention of Shenzhen Stock Exchange.

Landocean Energy Services Co.Ltd(300157) said in the announcement in response to the letter of concern of Shenzhen stock exchange that Yinchuan Zhongneng and Housen investment have formed a concerted action relationship; If Housen investment exercises the voting right of the shares and damages sun Gengwen’s interests, sun Gengwen has the right to disagree, and Housen investment must vote according to sun Gengwen’s opinions. Sun Gengwen believes that entrusting the voting rights of the shares of the listed company he holds to Housen investment is more conducive to protecting his own interests, and Housen investment does not form a concerted action relationship with sun Gengwen.

For the above statement, Dong Yizhi, a lawyer of Shanghai zhengce law firm, does not very agree. Dong Yizhi told the Securities Daily, “the company’s explanation of whether Housen investment and sun Geng Wen have formed a concerted action is chaotic and contradictory, but it still depends on the specific agreement between Housen investment and sun Geng Wen”.

In Dong Yizhi’s opinion, from the current situation, Housen investment is likely to compete for the controlling right in the future. Although the important seats on the board of directors are occupied by shuosheng technology, whether the actual controller can really control the company and its production and operation remains to be seen in the follow-up game.

Referring to the advantages and disadvantages of the two sides competing for Landocean Energy Services Co.Ltd(300157) control, Shen Meng, executive director of Xiangsong capital, told the Securities Daily, “the competition for control finally depends on who has stronger strength and can bear greater costs. As for the business fit, it has never been the key in the capital operation mode.”

Shen Meng said that the purpose of competing for the control of listed companies is to use listed companies to carry out more asset restructuring and capital operation to leverage greater excess returns, rather than just focus on the profitability of listed companies’ own assets and businesses.

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