Jinfeng Paper, which once occupied 25% of the national cigarette paper market, was publicly auctioned yesterday because of the broken capital chain. Hong Kong Jubiao Investment Co., Ltd., which originally held 29.97% of the company's shares, took this part of the shares at a price of 65,438+0,565,438+0,000 yuan. At this point, Hong Kong Jubiao became the controlling shareholder of Jinfeng Paper with 89.92% of the shares.
The equity auction attracted five buyers, including Jubiao and Zhongbang, two Hong Kong companies, and Mudanjiang Hengfeng Paper, one of the "five golden flowers" in the cigarette paper market, also participated in the auction. As the original shareholder of Jinfeng Paper, Hong Kong Jubiao with No.3 license plate has the preemptive right.
When the auctioneer quoted the starting price of 6.5438+0.5 million yuan, it was once deadlocked, and then the No.3 Hong Kong Giant Auction took the lead in raising the bid of 6.5438+0.5 million yuan. After about 654.38+0 minutes of thinking, the buyer No.654.38+08 raised his bid by 654.38+0.565.438+0 million yuan, and there was no price increase in the market. In the end, Hong Kong Jubiao No.3, which has the priority option, expressed its willingness to win this share at the price of 1, 5 1, 000 yuan. "We participated in the bidding in the spirit of being responsible for the enterprise and the employees." Mr. Li, representative of Megabid in Hong Kong, said. "The auction is to revitalize the enterprise. Now Hong Kong Jubiao is an absolute major shareholder and must be responsible. " Ye Shang, general manager of Jinfeng Paper, said frankly that this auction is conducive to the development and restructuring of Jinfeng. After the auction, Jinfeng Paper's shareholders changed from the previous five to four, with Hong Kong Jubiao Investment Co., Ltd. holding 89.92%, China Tobacco Materials Company holding 4.996%, Chengdu Rongguang Enterprise Company holding 4.996% and Wenjiang Jinyuan Industrial Co., Ltd. holding 0.083%.
According to the announcement of Sichuan Tianyuan Auction Company, Jinfeng Paper was established in June 1995, and it is one of the earliest Sino-foreign joint ventures in Chengdu with a registered capital of about 239.2 million yuan. According to institutional evaluation, as of September 30 last year, its total assets were about 565 million yuan, its total liabilities were as high as about 704 million yuan, and its owner's equity was negative 65.438+38 billion yuan.
According to relevant sources, the original shares of Hong Kong Jubiao Investment Co., Ltd. were acquired by Mr. Li Jihua, the general manager of Yunnan Jiangchuan Cuifeng Paper Co., Ltd. in 2009 by debt-to-equity swap, and 59.95% of the shares in this auction were originally held by Mr. Huang Yinghao, the former chairman. That is to say, at present, the largest shareholder of Sichuan Jinfeng Paper is not Jubiao, but Mr. Li Jihua of Yunnan Jiangchuan Cuifeng Paper Co., Ltd.