The actual controllers of the two listed companies and the rich women with a value of more than 10 billion have been put on file for investigation!
In January 24th, the announcement of the announcement of the announcement of the ” China tobacco flavor king ” Huabao Flavours & Fragrances Co.Ltd(300741) and Warburg International announced that it had received the notice of the Leiyang municipal supervisory committee’s filing recently, and decided to investigate the illegal problem of of the company’s actual controller. MS Zhu Linyao has been start empty handed and is known as the queen of China’s fragrance.
Affected by this, A-share Huabao Flavours & Fragrances Co.Ltd(300741) “20cm” fell by the limit, and the Hong Kong stock Warburg international, whose share price was not limited by the limit, fell sharply by more than 75% during the session. As of the closing of the 24th, the market value of Warburg international had shrunk from HK $46.9 billion the previous day to HK $15.7 billion, and more than HK $30 billion had evaporated one day.
investors are confused: I feel that this year has been bad
“After the opening, it plummeted by more than 70% in an instant. I don’t give you a chance to get off at all. I feel like it’s been a bad year.” Investors make complaints about Hong Kong stocks.
According to the data of the Hong Kong stock exchange, as of January 22, 2022, mainland investors held 164 million shares of Huabao international through Hong Kong stock connect, accounting for 5.08% of the issued share capital of the share. The collapse of Huabao international caused heavy losses to mainland investors.
According to the latest disclosure, Zhu linyao is a director and controlling shareholder of Huabao international, with a shareholding ratio of 71%. Huabao international stressed in the announcement that up to the date of this announcement, it has not received any details of the suspected violations Zhu linyao is currently under investigation, and the business operation of the group remains normal.
At noon on 24 noon, Warburg international issued an order notice that its member companies received the purchase orders for flavor (tobacco flavor) or cigarette raw materials issued by Guangdong tobacco company, with an order amounting to about 43 million 272 thousand and 300 yuan.
however, the move did not reverse the decline of the stock price. As of the close, Huabao international closed at HK $4.86, down 66.53%, leaving only a fraction compared with the closing price of HK $14.52 the day before.
Investors who bought A-Shares Huabao Flavours & Fragrances Co.Ltd(300741) were nothing better. As of the closing of the 24th, the stock reported 35.12 yuan, down 20%, with a latest market value of 21.63 billion yuan.
The stock bar of Huabao Flavours & Fragrances Co.Ltd(300741) is filled with deep pessimism.
According to the latest disclosure, as of September 30, 2021, Huabao Flavours & Fragrances Co.Ltd(300741) has 13998 shareholders.
related companies: normal production and operation
According to public information, Warburg international completed the backdoor listing of Hong Kong stocks in June 2006, with four main businesses, namely, flavor, fragrance materials, condiments and tobacco raw materials. Huabao Flavours & Fragrances Co.Ltd(300741) is Warburg international flavor business segment. It was split back to A in 2018 and listed on the gem.
For the investigation of the actual controller, Huabao international stressed in the announcement that the business operation of the group remains normal. Huabao Flavours & Fragrances Co.Ltd(300741) also said in the latest announcement that up to now, Zhu linyao has not held any position in the company and participated in the operation and management of the company. The above matters will not have a significant impact on the daily production and operation activities of the company. At present, the production and operation of the company is normal.
In addition, Huabao Flavours & Fragrances Co.Ltd(300741) amber Co., Ltd., a new third board listed enterprise, also issued an announcement on the filing and investigation of the actual controller of the company on the same day, which also stressed that Zhu linyao did not hold any position in the company and did not participate in the operation and management of the company. The above matters will not have a significant impact on the daily production and operation activities of the company. At present, the production and operation of the company is normal. The company also reminded investors to invest rationally and pay attention to investment risks.
Huabao Flavours & Fragrances Co.Ltd(300741) is known as the “China tobacco flavor king”, and the company’s tobacco flavor business income accounts for more than 80% of the company’s total revenue. According to the prospectus previously disclosed by Huabao Flavours & Fragrances Co.Ltd(300741) back to a, Yunnan China tobacco, Hunan China tobacco, Zhejiang China tobacco and other provincial China tobacco companies are its top five customers.
However, at the Huabao Flavours & Fragrances Co.Ltd(300741) IPO meeting in 2018, the IEC meeting raised a number of questions to it, including: whether there is significant dependence on specific customers such as Yunnan China tobacco and Guangdong China tobacco, and whether there is a risk of being replaced; Whether there is a case of bidding but not bidding for the acquisition of relevant orders, whether there is a legal dispute and the risk of contract invalidation or cancellation, and whether there is commercial bribery, unfair interest exchange or unfair competition. In addition, Huabao Flavours & Fragrances Co.Ltd(300741) was also asked to explain why the actual controller frequently increased or decreased his holdings of Huabao international.
“Queen of fragrance” frequent rich list
According to the prospectus disclosed by Huabao Flavours & Fragrances Co.Ltd(300741) at that time, Zhu linyao was born in 1969, aged 52, and is a Hong Kong citizen of China.
In June 1996, Zhu linyao started from scratch and established Huabao Flavours & Fragrances Co.Ltd(300741) predecessor Huabao Co., Ltd. in Shanghai. Since March 2004, he has served as chairman of the board of directors, chairman of the nomination committee of the board of directors and CEO of Huabao international. He has been a director of Huabao Flavours & Fragrances Co.Ltd(300741) since November 2015.
Zhu linyao, who holds a number of listed companies, has frequently been listed on the rich list in recent years.
Zhu linyao once ranked 134th on the 2015 Forbes Chinese rich list and 1116th on the 2019 Forbes Global billionaire list. On March 16, 2020, Zhu linyao ranked 20th in the 2020 Hurun global self-made rich women list with a wealth of 21 billion yuan.
In April 2021, the Forbes Global rich list was released. Zhu linyao ranked 831 with a wealth of US $3.6 billion. In November 2021, Zhu linyao was selected into the 2021 Hurun list of female entrepreneurs, ranking 11th with a wealth of 49 billion yuan.
Her wealth, created by the flavor and fragrance business, is also known as the “Queen of China flavor”. In addition, due to the high proportion of dividends, Zhu linyao was also jokingly called the “pumping Queen” by A-share investors.
After listing in March 2018, Huabao Flavours & Fragrances Co.Ltd(300741) 3 years’ cumulative dividend was 4.67 billion yuan (including tax), and Huafeng international under Zhu linyao’s control received a cumulative dividend of about 3.78 billion yuan.
However, with the sharp decline of Huabao Flavours & Fragrances Co.Ltd(300741) and Huabao international, Zhu linyao’s worth will also shrink significantly.
