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(Original title: Rush to buy stocks and push the stock price up on the eve of the change of ownership? China Electric Motor: The company just received the notice on the announcement day)

After the market closed on July 23, after the first board with large volume at the bottom,China Electric Motor(603988.SH) disclosed that the controlling shareholder intends to plan a change in control.

The company stated in the announcement that the controlling shareholder Ningbo Juntuo and major shareholders Wang Jianyu and Wang Jiankai are planning to transfer the company's shares, which may lead to a change in the company's control.stockFrom July 24thSuspension, the suspension is expected to last no more than 2 trading days.

Public data shows that as of the end of the first quarter, Ningbo Juntuo, Wang Jianyu and Wang Jiankai held 23.47%, 21.5% and 15.45% of the company's shares respectively, accounting for a total of 60.42% of the company's total share capital. China Electric Motor is currently in a state of no actual controller.

Looking back at the company's history, Wang Jianyu and Wang Jiankai were the actual controllers of the company. On November 8 and December 4, 2018, Wang Jianyu, Wang Jiankai, Wang Panrong and Ningbo Juntuo signed theShare Transfer Agreement》 and its supplementary agreement and other related agreements, Wang Jianyu, Wang Jiankai and Wang Panrong respectively transferred 17.64 million shares, 4.116 million shares and 28.742 million shares of the company they held respectively, accounting for a total of 21.47% of the company's total share capital to Ningbo Juntuo, and completed the transfer registration procedures on January 10, 2019.

At the same time, on December 4, 2018, Wang Jianyu, Wang Jiankai and Ningbo Juntuo signed the "Agreement on Waiving the Exercise of Voting Rights". According to the agreement, Wang Jianyu and Wang Jiankai waived 8.15% and 20.25% of the company's shares respectively, except for the transferred shares under the "Share Transfer Agreement". The waiver period will take effect from the date of completion of the transfer under the "Share Transfer Agreement" (including that day). The number of voting shares owned by Wang Jianyu changed to 33.7512 million shares (accounting for 14.35% of the company's total share capital), and Wang Jiankai no longer owned voting shares. After the transfer of shares was completed, Ningbo Juntuo became the company's controlling shareholder. At the same time, because the controlling shareholder of Ningbo Juntuo, Wugang Yuanding, is a limited partnership, Wugang Yuanding and its general partner Wugang Venture Capital Management have no actual controllers, Ningbo Juntuo has no actual controllers, and the company has no actual controllers.

It is worth noting that on July 23, China Electric Motor rose twice in a row within 15 minutes after the opening of the market.Linear sealing plateAs of the close, there were still nearly 50,000 orders on the daily limit.And many large orders exceeding 3 million yuan are ranked at the frontThe company's stock closed at 8.23 ​​yuan per share on July 23, with a turnover rate of 2.19% and a turnover of 41.39 million yuan. The company's total market value was 1.936 billion yuan.

Oriental FortuneStock BarMany investors expressed strong doubts about this."News leaks" and "rat trading"On July 24, Jiemian News called the securities department of China Electric Motor and the other party said:There is no possibility of this being leaked in advance. We just received the notification yesterday.。”

Looking at the long-term trend, the share price of China Electric Motor also experienced a sharp shock in early April this year. The company's stock price rose by the daily limit for five consecutive trading days from April 2 to April 10, achieving five consecutive daily limits. After that, on April 11, it opened high for a second and then quickly plunged to the daily limit, breaking through the "ceiling and floor", and then fell by the daily limit for three consecutive trading days, breaking through the four consecutive daily limit.

The company disclosed its semi-annual performance forecast on July 10, predicting a net loss of 21.6 million yuan in the first half of the year, compared with a profit of 10.3 million yuan in the same period last year.Turned from profit to loss year-on-yearThe company explained that in the first half of the year, due to the weakening market demand and intensified market competition, the company's operating income declined compared with the same period last year; due to the fluctuations in the secondary market, the fair value change income of the Hong Kong stocks held by the company's wholly-owned subsidiaries decreased, a year-on-year decrease of approximately RMB 22.5 million.

Public information shows that China Electric Motor was founded in April 2003 and was listed on the Shanghai Stock Exchange in November 2014. It is mainly engaged in the research and development, production and sales of large and medium-sized DC motors, medium and high voltage AC motors, generators, motor test station power supply systems, switch test station power supply systems and other complete sets of equipment.