Kang Dexin Zhongzhi Department’s second shareholder pledge was cleared and investigated 17 months ago

Kang Dexin Zhongzhi Department’s second shareholder pledge was cleared and investigated 17 months ago
After the pledge of 93.41 million shares pledged in Zhongyuan Trust last July, Kangde New Shareholder Zhejiang Zhongtai Chuangying Asset Management Co., Ltd. (hereinafter referred to as “Zhongtai Chuangying”) has recently notified the listed company that it hasPut the remaining 1.7.6 billion shares were released from pledge, and so far, all the shares of Kangxinxin held by Sino-Thailand won’t be pledged.It is hoped that Zhongtai Chuangzhan will be 100% controlled by Zhongtai Chuangzhan Holding Co., Ltd. (hereinafter referred to as “Zhongtai Chuangzhan”), and the actual controller behind it will be the director of the “Zhongzhi Department”.After being investigated for suspected undisclosed “consistent action relationship” after 17 months of investigation, there was no result. On March 24, the listed company Kangde New Composite Material Group Co., Ltd. (stock abbreviation: * ST Kangde 002450) revealed that the announcement, The company’s second shareholder Zhongtai Chuangying has already won 1.7.6 billion shares were released from pledge, and the pledgee was Huafu Securities Co., Ltd.Note: The screenshot shows that the proportion of Kangxin ‘s shares pledged by Kangxin in Kangdexin ‘s announcement has exceeded 90% of its total holdings. After the pledges have been released, Zhongtai Chuangying held Kangdexin as of March 24.Share 2.7.4 billion shares, accounting for 7 of the total share capital.75%, of which pledged shares are 0.In 2016, Zhongtai Chuang won the brand Kangdexin. From November 16 to December 2 of that year, it increased its holding of Kangdexin through the secondary market1.7.6 billion shares, accounting for 5 of the company’s total share capital.00%.Subsequently, it continued to increase its holdings and increased its holdings to its current number of shares in December 2017.7.4 billion shares.However, two years after Zhongtai Chuang won the promotion of Kangdexin, the CSRC held in October 2018 against Kangdexin, Kangdexin’s controlling shareholder Kangde Group, actual controller Zhong Yu, and two shareholders Zhongtai ChuangxinThe “Notice of Investigation” was issued with Zhongtai Chuangzhan. Because of the undisclosed relationship of unanimous action among the shareholders, the information disclosure was suspected of violating the laws and regulations, and the CSRC conducted an investigation.The announcement at the time showed that during the new period of Sino-Telecom’s promotion of Kangde’s new brand, due to Kangde’s requirement that Sino-Thai won more than three years, Kangde and Sino-Thai signed an agreement with guaranteed terms.Kangde Group and Zhongtai Chuangying believe that, according to the provisions of Article 83 of the “Administrative Measures for the Acquisition of Listed Companies” announced by the Securities Regulatory Commission, the two parties are inconsistent and constitute a condition for a concerted action relationship, and there is no joint expansion of theirThe act of dominating the number of shares of listed companies that can be caused does not require additional information disclosure obligations, so no information is disclosed.In December 2018, Kangde’s new major shareholder Kangde Group, Zhongtai Chuangying and its related parties terminated the “Strategic Cooperation Agreement” (hereinafter referred to as the “Agreement”).The announcement disclosed by Kangdexin shows that the “Agreement” has guaranteed clauses. The purpose of signing is mainly for Kangde Group to request Zhongtai Chuangying to hold Kangde’s new stock for a long time.In addition to the increased holding of Kangde’s new stocks in the primary market, each merger actually merges the responsibilities agreed under the original agreement.After 17 months from October 2018 to the present, the above-mentioned investigation involving the “consistent actors” still has no results, and the investigation on the matter of the majority shareholder Kangde Group ‘s occupation of the listed company ‘s funds has been filed since then.Announced the preliminary budget in May.On July 5, last year, the China Securities Regulatory Commission issued the “Administrative Administration’s Prior Notice”, showing that Kangdexin had a virtual profit increase of US $ 11.9 billion, and did not disclose in the annual report the related transactions of shareholders’ non-operating fundsItems that violate the law and regulations.Among them, Kangde Group’s major shareholder Kangde Group took advantage of the extended “Cash Management Service Agreement” with Bank of Beijing Xidan Sub-branch to occupy Kangde New Funds non-operatingly from 2014 to 201865.2.3 billion, 58.3.7 billion, 76.7.2 billion, 171.5 billion and 159.3.1 billion yuan.After receiving the “Administrative Administration’s Prior Notice”, Kang Dexin applied to the CSRC to submit a hearing. After two extensions, the hearing was held at the CSRC on November 19 last year.The main controversy of the hearing focused on the supervision department and Kang Dexin’s judgment on the problem of stacking falsely increased profits of 11.9 billion and false business. The final result of the hearing will affect whether Kang Dexin directly delists.US $ 200 million debt financing is unknown. Kangdexin has pointed its finger at Zhongtai Chuangying. In response to the Shenzhen Stock Exchange’s letter of concern, Kangdexin directly pointed to the second shareholder Zhongtai Chuangying, saying that it may have issuedWhere the bond financing funds go.In March 2017, Kangde’s new subsidiary Zhide Excellence Enterprise Co., Ltd. (hereinafter referred to as “Zhide Excellence”) issued a US $ 300 million bond with a coupon rate of 6%.In June last year, Kangde’s new announcement announced that Zhide Excellence’s parent company, Zhide International Enterprise Co., Ltd. (hereinafter referred to as “Zhide International”) entrusted the above funds to Zhongzhou International Asset Management Co., Ltd. (hereinafter referred to as “Zhongzhou International”).Financial management, and signed a supplementary agreement on entrusted financial management with Zhongzhou International on September 5, 2017. Zhongzhou International lent US $ 200 million to Zhongrong International Finance Co., Ltd. (hereinafter referred to as “Zhongrong International”).Kang Dexin pointed out in the announcement that Zhongrong International had a related company in Hong Kong-Zhongzhi International Financial Holdings Co., Ltd., and was under the control of the same BVI company when Zhongzhou International and Zhongrong International signed the agreement.The company cannot rule out the possibility that Zhongrong International, Zhongzhi International Financial Holdings Co., Ltd. and Zhongtai Chuangying, the company’s second largest shareholder, belong to the same company group and constitute connected transactions.In June last year, Kang Dexin responded to the Shenzhen Stock Exchange’s concern letter that the company had been understanding the reasons for the investment financial management after discovering these entrusted financial management agreements during the self-examination, but because the current person in charge had lost contact, Zhongzhou InternationalDue to factors such as a low degree of cooperation, the company is temporarily unable to understand the true background of the investment and financial management.At the same time, the company immediately communicated with Zhongzhou International about the investment of US $ 200 million and announced the early redemption according to the terms of the agreement after being informed of the investment and financial management, but Zhongzhou International stated that it could not redeem the financial management in advance, ignoring the advance issued by the company to it.Redemption notice, and has been providing any information of Zhongrong International to the company.It seems that Kang Dexin was still managed by a merger headed by Xiao Peng in June last year. The session succeeded the founders Zhong Yu and Xu Shu in February last year. However, under the “Pre-Administrative Litigation Letter”On July 1, 2019, four days before the release, Xiaopeng, the chairman and president of Kangdexin, and Hou Xiangjing, the vice president, left (Relevant reports: Chairman of Kangdexin resigned and the old department of Jinfu Technology was in charge of the new department of Kangde.).Subsequently, the new leader, which was negotiated and formed by the creditor’s committee and the local government, took office. Wu Xing, who has a background from Minsheng Bank, was elected as the new chairman of Kangde Xin on July 23 last year.On January 1 this year, Kant’s new announcement announced that the Hong Kong High Court ordered the appointment of a liquidator on October 17, last year. The liquidation procedures have been completed and Zhide International has been formally declared bankrupt by the Hong Kong High Court.The company’s directors and directors’ rights to dispose of Zhide International Property have changed and the company has been ordered to be wound up and terminated.Sauna, Ye Wang Xiao Wei Li Yunqi Editor Chen Li proofreading Li Ming Reporter Contact: xiaowei @ xjbnews.com