Last year, ye Fei made a “self exploding” disclosure, which threw the “market value management” behavior of a number of listed companies controlling the company’s share price before the eyes of the public. Recently, with the deepening of the investigation, “Ye Fei reporting door” has ushered in follow-up.
On January 23, Guangzhou Haozhi Industrial Co.Ltd(300503) (300503, SZ) announced that the company received the detention notice issued by Jinhua Public Security Bureau and detained Tang Xiuqing criminally. Tang Xiuqing is not only the controlling shareholder and actual controller of Guangzhou Haozhi Industrial Co.Ltd(300503) , but also the vice chairman and general manager of the company.
Previously, on May 9, 2021, ye Fei disclosed on his microblog that he had “managed the market value” of the listed company Zoy Home Furnishing Co.Ltd(603709) (603709, SH), but was defaulted by the “seller”. On May 14 of the same year, ye Fei made a micro blog and said, ” Guangzhou Haozhi Industrial Co.Ltd(300503) yes, you are the next fort.”
the actual accuser was detained, and the financial controller obtained a guarantor pending trial
On September 28, 2021, Guangzhou Haozhi Industrial Co.Ltd(300503) suddenly found that some shares of the company held by Tang Xiuqing, the controlling shareholder of the company, had been frozen, and the executor of the judicial freeze was “Jinhua Public Security Bureau”.
At that time, Guangzhou Haozhi Industrial Co.Ltd(300503) said that it was not clear why the shares were frozen. At the same time, the company also said that Tang Xiuqing, the actual controller, is actively understanding the reasons for the freezing of shares and striving for an early and proper solution.
Two days later, Tang Xiuqing found the answer, but the share freeze did not seem to be so easy to solve. According to the Guangzhou Haozhi Industrial Co.Ltd(300503) announcement, on September 30, 2021, Tang Xiuqing received the notice of filing a case from the CSRC for “suspected manipulation of the securities market”. According to the filing notice, as early as September 26, the CSRC had decided to file a case against Tang Xiuqing.
Three months later, Tang Xiuqing and Guangzhou Haozhi Industrial Co.Ltd(300503) chief financial officer Xiao Yonglin were subjected to residential surveillance. On December 29, 2021, Guangzhou Haozhi Industrial Co.Ltd(300503) announced that Tang Xiuqing and Xiao Yonglin, the company’s director, deputy general manager, Secretary of the board of directors and chief financial officer, were monitored at the residence designated by Jinhua Municipal Public Security Bureau on suspicion of manipulating the securities and futures market. The relevant matters need to be further investigated by the public security organ.
Recently, the public security organ may have had the corresponding investigation results, and Tang Xiuqing and Xiao Yonglin were taken different coercive measures.
On January 22, Guangzhou Haozhi Industrial Co.Ltd(300503) announced that Xiao Yonglin had received the decision on obtaining bail pending trial issued by Jinhua Public Security Bureau and decided to obtain bail pending trial in accordance with the relevant provisions of the criminal procedure law. On January 23, Guangzhou Haozhi Industrial Co.Ltd(300503) said that Tang Xiuqing was under criminal detention.
How did Tang Xiuqing manipulate the company’s share price? There is no detailed description at present. However, according to the information previously released by the CSRC, we can understand a general situation: since 2019, Liu moulong gang and Yan Gang have been suspected of manipulating the stock prices of ” Ktk Group Co.Ltd(603680) ” and ” Guangzhou Haozhi Industrial Co.Ltd(300503) ” respectively through continuous trading and inversion, involving a huge amount of money.
brother and sister’s “capital game”
Back to the year 2019 mentioned by the CSRC, on July 22 of that year, the share price of Guangzhou Haozhi Industrial Co.Ltd(300503) fell to the annual low of 7.45 yuan / share, and then began to start. It closed at 14.29 yuan / share on March 9, 2020, almost doubling in less than eight months. However, in the following four trading days, Guangzhou Haozhi Industrial Co.Ltd(300503) fell sharply. On March 13, 2020, Guangzhou Haozhi Industrial Co.Ltd(300503) share price fell as low as 10.55 yuan / share, with a decline of more than 26% in a few days.
In an announcement of abnormal fluctuations in stock trading on March 13, 2020, Guangzhou Haozhi Industrial Co.Ltd(300503) also insisted that the company had no information that should be disclosed but not disclosed, and there were no other circumstances in violation of fair information disclosure.
In fact, in this “rising cycle” of stock price, Tang Xiuqing, Tang Lijun, Tang Xiuqing’s sister, and Guangxi Haoju Enterprise Management Co., Ltd. (hereinafter referred to as Haoju company) have carried out a round of “precise reduction”. On February 5, 2020, Guangzhou Haozhi Industrial Co.Ltd(300503) announced that the company’s shareholders Tang Xiuqing, Haoju company and Tang Lijun planned to reduce their shares accounting for 3%, 1.87% and 2.39% of the company’s total share capital respectively.
From February 12 to February 17, 2020 alone, Tang Xiuqing reduced 3.21 million shares of the company, accounting for 1.13% of the total share capital of the company, and cashed out more than 35 million yuan.
The “capital game” of the Tang brothers and sisters did not end here. After March 13, 2020, the share price of Guangzhou Haozhi Industrial Co.Ltd(300503) began the second round of rise. By November 2, 2020, the share price of Guangzhou Haozhi Industrial Co.Ltd(300503) reached a maximum of 21.14 yuan / share, which has doubled from the low point on March 13. During this period, Haoju company, Tang Lijun and Xiao Yonglin all reduced their holdings.
Subsequently, Guangzhou Haozhi Industrial Co.Ltd(300503) share price ushered in a month of shock downward. On December 8, 2020, Guangzhou Haozhi Industrial Co.Ltd(300503) fell directly to the limit, and then continued to decline. By January 13, 2021, it reached the low point of 9.18 yuan / share. Compared with the high point on November 2, 2020, the share price of Guangzhou Haozhi Industrial Co.Ltd(300503) has “halved” and dropped 56.58% in just two months.
There is no need to repeat the various holdings reduction during the period. According to the financial reports over the years and the data of the third quarterly report of 2021, by the end of 2019, Tang Xiuqing held 92.3668 million shares of the company, accounting for 32.52% of the total share capital of the company, Tang Lijun, his sister, Tang Xiuqing, held 27.1566 million shares of the company, accounting for 9.56% of the total share capital of the company, and Tang Xiusong, his brother, held 6.6781 million shares, accounting for 2.35% of the total share capital of the company.
By the end of September 2021, the shares of the company collectively held by Tang’s three brothers and sisters had decreased from 126.2 million shares at the end of 2019 to 120.89 million shares, a cumulative decrease of 5.31 million shares. Haoju company, in which Tang Xiuqing holds more than 80%, has reduced its shareholding from 21.2288 million shares at the end of 2019 to 11.0839 million shares at the end of September 2021, with a cumulative decrease of more than 10.14 million shares. Referring to the stock price of the company during the period, the cash out amount of Tang Xiuqing and others is in billion yuan.
