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releasing controlling stake, hna futures releases latest announcement

2024-09-05

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recently, hna futures co., ltd. (hereinafter referred to as "hna futures"), which is listed on the new third board, issued an announcement that hna capital group co., ltd. (hereinafter referred to as "hna capital"), a shareholder holding 91.09% of the equity of hna futures, has issued a business invitation information at the beijing equity exchange, intending to transfer the company's equity. after the completion of this equity transfer, it is expected that the company's control will change.

according to the investment conditions released by hna capital, the number of potential partners to be solicited this time is no less than three, and the reference price is negotiable. qualified potential strategic investors must meet a number of qualification requirements. in addition, they must also support hna futures in terms of capital investment, business resources, etc. in the future.

hna capital to transfer controlling stake in hna futures

public information shows that hna futures was formerly known as dongyin futures brokerage co., ltd., which was founded in 1993. on august 13, 2007, with the approval of the china securities regulatory commission, hna group directly controlled the company. hna futures is registered in shenzhen, guangdong province. the company was listed on the new third board in november 2015, with a latest registered capital of 500 million yuan. as of the end of last year, the company had a total of 132 employees at its headquarters and branches.

in terms of shareholders, hna futures has three shareholders. the largest shareholder, hna capital, which intends to transfer its equity, holds 91.09% of the shares, the second largest shareholder, supply and marketing group co., ltd., holds 6% of the shares, and the third largest shareholder, yangtze river investment holding co., ltd., holds 2.91% of the shares.

china securities journal reporters found relevant projects on the beijing equity exchange website. in the "other information to be disclosed" column of "basic information of investment projects", it was clearly stated that "this equity transfer intends to release the controlling rights."

it is worth noting that hna futures' indirect shareholder hainan hna no. 2 information management service co., ltd. (hereinafter referred to as "hna information management") issued the "hna futures strategic investor recruitment announcement" on july 5 last year and august 29 this year, which clarified the recruitment conditions and recruitment process for strategic investors.

propose qualification requirements for potential strategic investors

hna capital has clearly put forward seven qualification requirements for potential investors in this equity listing.

these include: the paid-in capital of the prospective strategic investor is not less than rmb 100 million; the net assets are not less than 50% of the paid-in capital, contingent liabilities are less than 50% of the net assets, and there are no other risks that have a significant uncertain impact on the financial condition; the net capital is not less than rmb 500 million; if net capital or similar indicators are not applicable, the net assets are not less than rmb 1 billion.

potential strategic investors should also have prominent core businesses, strong capital strength, good reputation, standardized corporate governance, clear organizational structure, transparent equity structure, qualified management capabilities, good financial conditions, moderate asset-liability and leverage levels, and the nature of their main businesses should be relevant to futures companies.

in addition to clarifying the qualification requirements, hna capital also put forward a number of cooperation requirements, including "the potential strategic investors' future investment in hna futures includes but is not limited to support in terms of capital, business resources, etc., to ensure the preservation and appreciation of the company's value" and "the potential strategic investors commit to doing a good job in employee placement and team stabilization".

the semi-annual report released by hna futures previously showed that in the first half of this year, the company achieved operating income of 95.1774 million yuan, a year-on-year increase of 831.57%; the net profit attributable to shareholders of the listed company was 4.9836 million yuan, a year-on-year increase of 179.99%. according to the classification results of futures companies in 2023 announced by the china securities regulatory commission, hna futures was rated class b bb, ranking in the middle and lower part of the industry.