Contemporary department wants to transfer control after earning 900 million in 8 years: Shandong Expressway Investment plans to take over
The “Contemporary Department” will transfer control after earning 900 million in 8 years: the contemporary Eastern division held is frozen, frozen, changed or storedContemporary Eastern is planning to make changes to the actual controller.
On July 23, Dongfang Oriental, which has been suspended from trading for two months, announced that Shandong Expressway Investment Holding Co., Ltd. (hereinafter referred to as Shandong Expressway Investment) decided to invest in Dongfang Oriental (within 29.
99% shares), becoming the controlling shareholder of Contemporary Oriental.
However, some lawyers told the reporter of “Daily Economic News” that the equity will not be transferred within the freezing period, which also means that 四川耍耍网 there may be changes in the equity transfer cooperation.
A reporter from Shandong Expressway Investment intending to take over the controlling stakes found that the current holding company behind the contemporary East is the “Contemporary Department” represented by Wang Chunfang.
In 2010, Xiamen Contemporary Investment refused to invest 64.75 million to acquire * ST Dashui 29.
Since 99% of the shares have officially become the owner of Contemporary East, in 2015, the company has passed a fixed increase, and the contemporary culture of the “Contemporary Department” company, Xiamen Xuxi, Pioneer Asia Pacific to 10.
The price of 8 yuan increased the holdings of listed companies1.
With 0.9 billion shares, the company’s controlling shareholder has also changed from the previous contemporary investment to the current contemporary culture. In 2017, contemporary culture passed the “Tibet Trust-Lever No. 28 Collective Fund Trust Plan” to 1.
4.8 billion increased its holdings to 1,264.
20,000 company shares.
Eventually, the announcement date of the announcement of the control change of Contemporary Oriental Control was released. According to the reporter, Xiamen Contemporary Investment (now renamed Yingtan Contemporary Investment Group Co., Ltd.) currently holds Contemporary Oriental 37.
034% equity, with a market capitalization of currently listed companies of approximately 62.
At 5.3 billion yuan, “contemporary” companies have earned about 9 in 8 years.
And who is Shandong Expressway Investment who is the proposed receiver of the actual controller change?
The reporter checked Tianyan investigation and found that Shandong Expressway Investment was established in 2010 and is a wholly-owned subsidiary of Shandong Expressway Group.
The shareholder behind Shandong Expressway is Shandong State-owned Assets Supervision and Administration Commission.
According to the official website of Shandong Expressway Group, as of now, the group has a registered capital of 20 billion yuan, an annual operating income of 70 billion yuan, a total profit of 7 billion yuan, total assets of nearly 600 billion yuan, and an asset-liability ratio of 61%.
At present, the change of controlling shareholder has not been settled yet. Will some of the shares held by the largest shareholder be frozen?
This reporter contacted Shandong high-speed investment related persons.
The source said that progress must be obtained from the board of directors of Shandong Expressway Group, and only after approval by the SASAC can it proceed step by step.
When the reporter asked whether Shandong Expressway Investment was aware of the reasons for the freeze on contemporary culture’s holdings, the other party said that it was yet to be verified.
Ai Wenlu, secretary of the board of directors of Contemporary Oriental, also said at the investor exchange meeting: “As for the transaction between the company’s controlling shareholder and Shandong Expressway, it may involve changes in the company’s control rights. It is currently undergoing a gradual transition and due diligence stage.Adopted by the decision-making authority including the Shandong State-owned Assets Supervision and Administration Commission, which is controversial and uncertain.
“Attorney Wang Guangying also told reporters,” According to laws and regulations, after the judicial freeze, distribution will not be able to be transferred and registered on its own. During the freeze period, although equality cannot be transferred, there are some shareholder rights such as voting rights.It can be exercised by proxy, so cooperating partners can also increase the voting right agency agreement to proxy voting.
Regarding the shareholder’s income cannot be paid directly to the partner, after the shareholder obtains the income, it is also possible to transfer it to the partner through legal form according to the cooperation agreement.
“The contemporary department began to” buy, buy and buy “public information after the entry of the department shows that the contemporary Orient was originally called Datong Cement, and was officially renamed the Contemporary Oriental in 2013.
Under the control of the “Contemporary Department”, has anything been done in the past few years, from the crossover of the cement industry to the contemporary East of film and television?
The reporter combed through the annual report and found that from 2011 to 2014, the net profit of contemporary Oriental’s attribution was -23.97 million yuan, 3.15 million yuan, 2.26 million yuan and -55.
In 2014, the company reorganized its strategic goal of building a multi-industry chain of film and television culture across the industry chain, and decided to acquire Mengweiwei Film and Television Culture through a set increase.
According to the results of the fixed increase, the contemporary culture of the “Contemporary Department” company, Xiamen Xuxi, Pioneer Asia Pacific to 10.
The price of 8 yuan increased the holdings of listed companies1.
With 0.9 billion shares, the company’s controlling shareholder has also changed from the previous contemporary investment to the current contemporary culture.
Subsequently, the contemporary Oriental under the leadership of the “Contemporary Department” opened the “buy buy buy” model.
In 2016, Contemporary Oriental acquired Beijing Huacai Tiandi Development Co., Ltd.
Huacai Tiandi also made a performance commitment, but in March this year, before Huacai Tiandi’s performance commitment period had not yet ended, it was sold by Contemporary Oriental.
In July 2017, Contemporary Oriental announced that it plans to start with 25.500 million shares acquired 100% equity of Yongle Film and Television, while also making performance commitments.
Subsequently, the Shenzhen Stock Exchange issued an inquiry letter on the contemporary high-end acquisition of Oriental.
But for more than a year, the acquisition still has no substantial results.
In June of this year, Contemporary Oriental issued a suspension of trading again due to the planning of a major asset reorganization, and plans to acquire Shouhui Focus for US $ 1.2 billion.
Although Contemporary Eastern promised to resume trading no later than July 24, the company instead applied for resumption of trading on that day.
On July 31, the Shenzhen Stock Exchange issued a supervision letter to the company, asking the company to resume trading as required.
The company resumed trading on August 2nd, but it ushered in the “single-point limit” for 8 trading days.
Behind the “buy buy buy”, the company may also have the transmission pressure of cash flow in 2017.
According to the 2017 annual report, the company’s short-term loans increased from 100,000 yuan in 2016 to 4 in 2017.
5.2 billion yuan.
In the first quarter of this year, its short-term borrowings have increased to four.
At the investor briefing, Sun Yongqiang, the chief financial officer of contemporary Oriental, said at the investor briefing that the film and television culture industry is a capital-intensive industry and needs to continuously invest a large amount of money to purchase film and television dramas and expand the theater business to maximize revenue and profits.Funds to repay bank loans.