In 2016, Qinshang Co., Ltd. (002638) (002638, SZ) acquired Longwen Education, and the company also ushered in a dual main layout. At the end of May 2017, Qinshang shares announced that it plans to divest the semiconductor lighting business, which accounts for 92% of operating revenue.
Now, the sale has made new progress. On July 8, Qinshang said that it initially planned to sell the assets and liabilities related to the semiconductor lighting business to Ms. Wen Qi (or its designated third party) in cash. Wen Qi is one of the real controllers of Qinshang.
The reporter noted that the company had been inquired by the Shenzhen Stock Exchange for selling its main business. In addition, the Qinshang Group introduced two investment institutions after raising funds to reduce the liquidation of some of its pledge companies. As of July 3, the above two investment institutions did not actually contribute.
I was questioned by the Shenzhen Stock Exchange for selling my main business.
On July 8, Qinshang announced that it had initially planned to sell the assets and liabilities of the semiconductor lighting business to Ms. Wen Qi (or its designated third party) in cash. Wen Qi is one of the actual controllers of Qinshang. The company expects that this transaction may constitute a connected transaction.
Qinshang said that the transaction is a cash transaction and is not expected to result in a change in the actual control of the company. However, the specific plan for the transaction has not yet been finalized, and the final impact on the actual control of the company needs to be determined according to the final trading plan. At present, the company has signed a "Intention to Transfer of Assets" on this transaction with Ms. Wen Qi. However, the specific trading plan has not yet been finalized, and the formal agreement has not yet been signed.
It is understood that the letter of intent is not exclusive. After the signing of the letter of intent, Qinshang shares can still find other intent transferees on the underlying assets or take the auction to dispose of the underlying assets.
"Daily Economic News" reporter noted that Qinqin shares had been inquired by the Shenzhen Stock Exchange for selling semiconductor lighting business with 92% revenue.
On July 7, Qinshang shares responded to the Shenzhen Stock Exchange's inquiry letter saying that the semiconductor lighting industry has experienced rapid development in recent years, and its development rate has continued to slow down in recent years. At this stage, there are many industries in the industry, such as high-cost enterprises, high cost, narrow profit margin, relatively overcapacity, and price wars. Affected by this, the company's operating performance in the semiconductor lighting industry has shown some signs of decline in the past two years. In order to concentrate the company's advantageous resources into the education industry, the company plans to divest the semiconductor lighting business.
In addition, Qinshang believes that after the divestiture of semiconductor lighting assets, the company's remaining education net assets will not be negative, and the semiconductor lighting assets will not theoretically have a significant adverse impact on the net assets, so it will not lead to The company’s net assets at the end of the next year are negative and are subject to delisting risk warnings.
According to estimates, it is estimated that the net profit of Guangzhou Longwen's shareholders attributable to the parent company in 2017 will increase to a certain extent compared with 2016.
The two investment institutions introduced by the controlling shareholder did not actually contribute
Earlier, the "Daily Economic News" reported that it had suspended the planning of a new major asset restructuring in February for the diligent shares, and the long-term news of the Longwen Education's performance was not up to expectations, and resumed trading on April 25, 2017. On the day of the resumption of trading, the share price of Qinshang shares has been lying on the daily limit.
On the evening of April 25, Qinshang announced that due to the close pledge of the controlling shareholder Qinshang Group, the actual controller Li Xuli and his related person Li Shuxian, the company applied for suspension from the opening of the market on April 26, 2017. .
On the evening of May 17, Qinshang announced that Qinshang Group had recently increased capital and shares to raise funds to reduce the liquidation of its related pledge company stocks. According to public information, the newly registered capital of the Qinshang Group was funded by Beijing Junyuan Investment Management Co., Ltd. (hereinafter referred to as Beijing Junyuan) and Nanjing Chunyue Enterprise Management Partnership (hereinafter referred to as Nanjing Chunyue). The two companies received 40,883,300 shares of Qinshang Group, respectively, with a shareholding ratio of 25.5%.
Correspondingly, the shareholding ratios of Li Xuliang and Wenqi, who previously held 100% of the shares of Qinshang Group, fell sharply. Among them, the shareholding ratio of Qinshang Group held by Li Xuliang decreased from 90% to 44.10%. Wen Qi's shareholding ratio fell from 10% to 4.90%. The total shareholding ratio of the two is only 49%.
However, on July 4, Qinshang shares issued a statement that Beijing Junyuan and Nanjing Chunyue should fulfill their capital contribution obligations to Qinshang Group before June 30, 2017, but as of July 3, neither company nor Actual funding.
In response to the Shenzhen Stock Exchange inquiry letter, Qinshang shares also said: At present, Li Xuliang has signed relevant agreements with some of the financing parties, effectively reducing the risk of partial liquidation. However, the company does not rule out the possibility that the company's stocks pledged by Qinshang Group will be closed in the future, which will lead to the change of risk of the controlling shareholder and the actual controller of the company. The company will continue to pay attention to the pledge of the Qinshang Group and continue to perform. Related information disclosure obligations.
On July 7, the reporter of "Daily Economic News" called the secret secretary of the company on the relevant issues. A staff member said that the letter of forwarding will be replied by the Secretary. However, as of press time, the reporter has not received a reply.
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