20 1310.5, Tongfang (600 100, shares bar) and Chongqing Luqiao (600 106, shares bar) announced at the same time that Chongqing Guo Xin 38.4/held by Nanguang (Hong Kong) Investment Management Co., Ltd.
The change of the largest shareholder of Chongqing Guo Xin Investment Holding Co., Ltd. is so important that it directly determines who will control nearly half of Chongqing's financial industry in the future. Surprisingly, both companies are shell companies registered in the Cayman Islands, with a cost of $50,000 and no physical business activities. As a result, the control right of Chongqing Guo Xin, which controls half of Chongqing's financial industry, has been transferred from one shell company to another overseas.
The reason for the transfer is the guarantee dispute between other shareholders of Chongqing Guo Xin and Nanguang Hongkong. 20 1 1654381October 30th, Chongqing Arbitration Commission made an award and ruled that Nanguang Hong Kong lost the case. On October 2011165438+4, Chongqing No.5 Intermediate People's Court filed a case for execution, intending to pledge Nanguanggang to 38.4438+02% equity of Guo Xin Holdings, another shareholder of Guo Xin Holdings. However, the transfer of state-owned shares was not carried out by public listing auction of property rights exchange, but by judicial ruling. Transferred from Nanguang Hong Kong to TF-EPI, an overseas wholly-owned subsidiary of Tongfang.
What kind of financial platform is Chongqing Guo Xin? Chongqing Guo Xin once owned 0/00% equity of Chongqing International Trust and Investment Co., Ltd./KLOC; 20 10 12.22, Chongqing Trust increased its capital and shares for the third time. The shareholding structure of the company was changed to Chongqing Guo Xin Investment Holding Co., Ltd. holding 66.99%, Chongqing Water (60 1 158, shares bar) Group Co., Ltd. holding 23.86%, Shanghai Huaikuang Asset Management Co., Ltd. holding 4. 10% and Chongqing Water Asset Management Co., Ltd. holding 2.1.
Chongqing Trust holds 35% equity of Three Gorges Bank, 6.94% equity of Southwest Securities (600369) and 49% equity of Yimin Fund Management Co., Ltd.; At the same time, Chongqing Guo Xin and Chongqing Trust * * * hold a 28% stake in Chongqing Luqiao. Roughly speaking, Chongqing Guo Xin controls hundreds of billions of assets, widely holds and shares in financial institutions such as trusts, banks, securities and funds, and invests in a large number of infrastructure and shares of listed companies. It is almost the largest financial holding platform in Chongqing except Chongqing Yufu Asset Management Company.
What attracts the attention of the capital market is not how many local financial assets Chongqing Trust controls, but a series of dazzling capital operations of Chongqing Guo Xin, the holding parent company of Chongqing Trust, and the attempts of relevant parties to indirectly control nearly 100 billion financial assets by controlling the platform of Chongqing Guo Xin.
The first cross-sea transaction of Chongqing Guo Xin equity took place in June, 20 10. Chongqing Urban Construction Investment Company, the largest shareholder, transferred 38.4 12% equity of Chongqing Guo Xin to Nanguang (Hong Kong) Investment Management Co., Ltd. at a price of 2.8 billion yuan. It is said that this shell company with a registered capital of only $50,000 is a wholly-owned subsidiary of Nanguang Group, a central enterprise. Strangely, the equity was not controlled by Nanguang Hong Kong, which returned it to other shareholders in Chongqing Guo Xin in the form of secured mortgage. Nanguang Hong Kong is just a special purpose company dedicated to acquisition.
Now, this part of the equity has been transferred to TF-EPI at a price of 3.2 billion through judicial adjudication procedures. Nominally, the position of the largest shareholder of Chongqing Guo Xin has been transferred from Nanguang Port, a subsidiary of Nanguang Group, a central enterprise, to TF-EPI, a subsidiary of Tongfang Co., Ltd., but this is not the case.
201165438+On February 5th, Tongfang held a board meeting. According to the investment plan drawn up by Tongfang Co., Ltd., in the end, Tsinghua Holdings holds no less than 26% equity of TF-EPI; Tongfang shares hold no less than 25% of the equity of TF-EPI, that is, indirectly hold no less than 9.60% of the equity of Guo Xin Holdings, and other rights and interests are enjoyed by the introduced investors respectively.
On the surface, Tsinghua Holdings and Tongfang Holdings own 5 1% of the equity of TF-EPI Company, and then indirectly control Chongqing Guo Xin. However, in fact, Tsinghua Holdings and Tongfang Holdings only hold 9.59% of the equity of Chongqing Guo Xin/KLOC-0, and the control of Chongqing Guo Xin is still in the hands of the original shareholders.
The sole purpose of this equity transfer is to re-dilute the equity of the largest state-owned shareholder. The original shareholder who controls 6 1.588% of Chongqing Guo Xin is the actual controller of half of Chongqing's financial industry. In 2009, Chongqing Xiexin invested RMB 2,654,38+065,438+04,300, accounting for 65,438+02.942% of the registered capital, China Shima invested RMB 200 million, accounting for 65,438+02.242% of the registered capital, and Chongqing Tongchuang invested RMB 200 million, accounting for 65,438. These companies are powerful private enterprises in Beijing and Chongqing. Chongqing Guo Xin has realized the privatization of Chongqing Trust through a series of well-designed capital operations.