Dongshan Precision announced on the evening of August 7 that the company's controlling shareholder, real controller Yuan Yonggang and Yuan Yongfeng intend to transfer 27.027 million shares and 27.027 million shares (total of the company's total share capital of 5.05%) to Suzhou Yuwang, the transfer price is per share. 22.20 yuan, the total amount of the transfer price is 1.2 billion yuan.
It is reported that before this equity change, Yuan Yonggang held 197 million shares of the company, Yuan Yongfeng held 197 million shares of the company, and Yuan Fugen held 74.352 million shares of the company, with shareholding ratios of 18.41%, 18.41% and 6.94% respectively. The total shareholding ratio is 43.76%, which is the shareholder and actual controller of Dongshan Precision.
After the completion of this equity change, Yuan Yonggang, Yuan Yongfeng and Yuan Fugen held 170 million shares, 170 million shares and 74.352 million shares of the listed company respectively, with shareholding ratios of 15.88%, 15.88% and 6.94%, respectively. The proportion of shares is 38.71%, which is still the controlling shareholder and actual controller of Dongshan Precision.
It is reported that Suzhou Yuwang registration time is July 25, 2018, with a registered capital of 1.25 billion yuan. The company's business scope is enterprise management services, business management consulting, and is a wholly-owned subsidiary of Suzhou Wuzhong Financial Holdings Co., Ltd. Suzhou Wuzhong Financial Holdings Co., Ltd. is a 100%-owned enterprise of Suzhou Wuzhong District State-owned Assets Supervision and Administration Commission. Its business scope is for the banking and finance industry, non-banking financial industry, financial service enterprises and other industries in Wuzhong District. Investment management and management.
It can be seen that Suzhou Yuwang has a background of local state-owned assets. Dongshan Precision said that the introduction of strategic investors for listed companies through this equity agreement transfer optimizes the shareholder structure of listed companies and enhances corporate governance capabilities. On the other hand, it takes advantage of the state-owned platform to accelerate the implementation of the development strategy of listed companies. Promote the long-term stable development of listed companies.
As a leading manufacturer of all-round intelligent interconnected and interoperable core devices, Dongshan Precision provides a full range of smart interconnect solutions for customers worldwide, covering printed circuit boards, electronic devices and communication equipment. Products are widely used in consumer electronics. , telecommunications, industry, automotive and other industries.
In the first half of 2018, Dongshan Precision achieved operating income of 7.212 billion yuan, an increase of 17.83% over the same period of the previous year; net profit attributable to the parent company was 260 million yuan, an increase of 117.93% over the same period of the previous year, and realized earnings per share of 0.24 yuan.
After the introduction of Suzhou Yuwang with a state-owned background, in view of the business scope of Suzhou Wuzhong Financial Holdings Co., Ltd., Dongshan Precision may gain more financial support in the future.
In fact, Dongshan Precision is not the first company in the LED industry to introduce a strategic partner with a state-owned background. Prior to this, the first Luzhou Laojiao Group was transferred to Hongli Zhihui, becoming the largest shareholder; later, Lianjian Optoelectronics intends to introduce a strategic investor in a large state-owned cultural media company. It can be seen that the introduction of new partners has become a new model for the current LED companies to promote development.
It is understood that Li Guoping, the largest shareholder and chairman of Hongli Zhihui, and Sichuan Golden Rupi Investment Co., Ltd. signed an agreement to transfer 42,754,210 unrestricted shares of the company, which accounted for 6.00% of the company's total share capital. After the rudder investment, Golden Rudder Investment officially became the largest shareholder of Hongli Zhihui. The Golden Rudder Investment is a wholly-owned subsidiary of Sichuan Luzhou Laojiao Group.
Li Guoping, chairman of Hongli Zhihui, said that the financial market environment is changing too fast, financing costs are rising, financing channels are constantly changing, and listed companies need funds for future development, especially in the future. In the field of lighting, financial support is required. Golden Rudder Investment is a state-owned background with strong financial strength. It can build a better financing environment for listed companies, and can provide financial support to listed companies, which will help the company's long-term development.
The well-known domestic LED display supplier Lianjian Optoelectronics is also planning the introduction of strategic partners. On June 24, Lianjian Optoelectronics announced the resumption of trading, and also announced that in order to further optimize the company's equity governance structure, to ensure the company's business model innovation and overall strategy, the company and a state-owned large-scale cultural media companies strategic investors conducted In the event of contact, the parties have reached a preliminary intention regarding the equity transfer.
Specifically, the transferee intends to acquire the shares of Lianjian Optoelectronics held by He Jilun, the company's second largest shareholder. As of June 24, the second largest shareholder He Jilun held 7,929,240 shares of the company, accounting for 12.55% of the company's total shares, accumulatively pledged 75.752 million shares, accounting for 98.39% of the total number of shares directly held. In addition, the controlling shareholder and actual controller of the company, in view of the long-term stability of corporate governance and the maximum resolution of the risk of liquidation, after deep communication with the transferee, they intend to transfer no more than 8% of the shares to solve Personal funding issues.
Lianjian Optoelectronics had previously faced a relatively serious cash flow problem. In less than one month, it had borrowed 90 million yuan for the company's development. More unfavorable is that the company's controlling shareholder, the actual controller Liu Hujun, Xiong Yuyu pledge of shares have touched the liquidation line, there may be risk of liquidation. After the introduction of a large-scale cultural media enterprise with the background of state-owned assets, the risk of liquidation faced by the shareholders of Lianjian Optoelectronics will be resolved to the greatest extent.
Many people are puzzled. Since 2018, why have LED companies frequently linked with state-owned capital? Since the beginning of this year, A-shares have continued to slump, and the exchange rate has also fallen sharply. However, so far, the economic growth reflected by the growth rate of power generation is still stable, and the growth rate of profits of industrial enterprises is still high, which indicates that there is a problem in market confidence. Whether it is the continuous explosion of the P2P industry, or the frequent pledge of stock pledges, and the large number of private enterprise debt defaults, there are indications that the financing of private enterprises in the capital market has become tense.
However, state-owned enterprises and platform financing are relatively easier. In the past few years, the biggest change in the structure of Chinese bank loans has been from private enterprises to state-owned enterprises. Moreover, in recent years, the growth rate of profits of state-owned enterprises is much higher than that of private enterprises. According to statistics, the growth rate of state-owned industrial enterprises in the first half of 2018 is as high as 31.5%, far exceeding the profit growth rate of 10% of private enterprises.
In addition, the national level intends to strengthen the market-oriented operation of state-owned capital. These have created conditions for cooperation between private enterprises and state-owned capital. However, according to the current situation, although state-owned capital is invested in private enterprises, it will not interfere more with the existing business strategy and management team of private enterprises. Therefore, when capital is connected with the capital market, the income of state-owned capital and private capital is much. Whether the business can be carried out mainly depends on the capital management ability and talent level of the enterprise.
After the introduction of new strategic investors, the core of private enterprises is still the strengthening of core competitiveness. At present, the LED industry competes to enter the deep water area, product prices and gross profit margins continue to decline, and enterprises that do not have market competitiveness will gradually withdraw from the stage.
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