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After the auction of 147 million shares was suspended, Chang'an Bank saw a "clearance-style" transfer by shareholders

2024-08-22

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After the auction of 147 million shares was suspended, a shareholder of Chang'an Bank once again listed the transfer of shares through the local property rights exchange.

On August 22, Southwest United Equity Exchange disclosed that approximately 3.9482 million shares of Chang'an Bank are to be listed for transfer starting today, and the transferor is Sinoma Hanjiang Cement Co., Ltd. (hereinafter referred to as Hanjiang Cement). The deadline for this listing is November 19, 2024, and the announcement did not disclose the transfer floor price.

On the afternoon of August 22, Cailianshe contacted the person in charge of the equity project for consultation and learned that the reason for not disclosing the transfer floor price is that it is only in the listing stage and the transferor’s public information is mainly to solicit interested parties. Regarding the reasons for the equity transfer, the other party revealed that it mainly involved the State-owned Assets Supervision and Administration Commission’s requirement to "focus on the main responsibilities and main business" and the "refund order" and other relevant regulations.

Chang'an Bank sees shareholder equity transfer again

The listing information shows that Hanjiang Cement invested in Hanzhong City Credit Cooperative in November 2001 with an initial investment of 1.5 million yuan. In 2009, Hanzhong City Credit Cooperative and five other city commercial banks and city credit cooperatives merged to form Chang'an Bank.

Hanjiang Cement said in the announcement that after the dividend distribution, as of the valuation base date, the company held 3,948,232.00 shares of Chang'an Bank Co., Ltd., with a shareholding ratio of 0.055%. If the above-mentioned shares are successfully transferred through listing, Hanjiang Cement will no longer hold shares in Chang'an Bank.

A reporter from Cailianshe learned from relevant sources that the above-mentioned equity does not involve mortgage or freezing and is "clean equity."

According to the Alibaba auction platform, two recent Chang'an Bank equity auctions totaling about 147 million shares with a total auction reserve price of about 330 million yuan were originally scheduled to start on August 19 and August 22, but were urgently stopped when the auction was about to start, and the status of the relevant projects was displayed as "suspended". The platform disclosed that the reason for the suspension of the auction was that the court had accepted the bankruptcy reorganization application of the debtor Dongling Group Co., Ltd.

Wang Pengbo, chief analyst of the financial industry at Broadcom Consulting, said that this was mainly because during the equity auction process, the person subject to execution (equity owner) was declared bankrupt by relevant creditors, and the equity auction was subsequently suspended.

State-owned enterprises and central enterprises continue to clear financial equity

It is understood that the reason why Hanjiang Cement intends to "clear out" its shares in Chang'an Bank is due to the "fund withdrawal order" and other relevant requirements previously issued by the State-owned Assets Supervision and Administration Commission.

Tianyancha shows that Hanjiang Cement is a member of China National Building Materials Group, and its controlling shareholder is Southwest Cement Co., Ltd. (hereinafter referred to as Southwest Cement), which holds 92.65% of the shares. "Hanjiang Cement's main business is not related to Chang'an Bank's business scope, and it is also an enterprise under a central enterprise, which violates the State-owned Assets Supervision and Administration Commission's requirement that central enterprises should focus on their main responsibilities and businesses." The above-mentioned relevant person said.

According to the industrial and commercial information, Hanjiang Cement's main business is cement product manufacturing and sales, building materials sales, etc. The official website of China National Building Materials Group shows that the company is a central enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the State Council and is the world's largest comprehensive building materials industry group.

A reporter from Cailianshe noticed that at the same time that Hanjiang Cement listed its intention to "clear out" its shares in Chang'an Bank, another member company of China National Building Materials Group, Sichuan Chengshi Tianying Cement Co., Ltd. (hereinafter referred to as Tianying Cement), a wholly-owned subsidiary of Southwest Cement, also began to list its announcement today to "clear out" and transfer all its shares in Ziyang Rural Commercial Bank Co., Ltd. (hereinafter referred to as Ziyang Rural Commercial Bank).

On August 22, Southwest United Equity Exchange disclosed that 1,440,096.62 shares of Ziyang Rural Commercial Bank Co., Ltd. were to be transferred to Sichuan Chengshi Tianying Cement Co., Ltd. The listing start date is August 22, 2024, and the end date is November 19, 2024.

Listing information shows that Tianying Cement invested in Ziyang Rural Commercial Bank in May 2009, with an initial investment of 609,000 yuan and held 609,000 shares. After the dividend distribution, as of the valuation base date, Tianying Cement held 1,440,096.62 shares of Ziyang Rural Commercial Bank, accounting for 0.17% of the shares. After the above equity transfer is successful, Tianying Cement will no longer hold the equity of Ziyang Rural Commercial Bank.