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interface news reporter | miao yiwei

interface news editor | jiang yiman

at the critical moment when douyin acquired the payment license, liandong business received a large fine.

on the evening of september 13,public companyhai lian jin hui (002537.SZ) according to the announcement, its third-level subsidiary liandong advantage e-commerce co., ltd. (hereinafter referred to as "linked business") receivea total of about 84.7 million yuanticket。

received fines within a week

specifically, the announcement shows thatliandong commerce received the "administrative penalty decision" (jinghui fa [2024] no. 60) issued by the beijing branch of the state administration of foreign exchange. because liandong commerce handled foreign exchange purchase and cross-border payment business for three cross-border merchants including hui****** management co., ltd. from july 2020 to august 2023, the review of transaction information did not meet the relevant management requirements. the beijing branch of the state administration of foreign exchange confiscated 38 million yuan of illegal income from liandong commerce in accordance with the "foreign exchange administration regulations of the people's republic of china" and other relevant regulations..730,000rmb, 8432.11ten thousandrmb fine, total fines and confiscations: rmb 8470.84ten thousandrmb yuan.

the announcement also stated thathai lian jin huiexpress,the fine will be paid in a timely manner in accordance with the requirements of the administrative penalty decision. the amount involved in this administrative penalty will be included in the company's current profit and loss, which is expected to reduce the company's net profit in 2024 by 84.7084 million yuan.

according to the first half performance report released by hailian jinhui on august 28 this year, the company achieved operating income of 4.093 billion yuan during the reporting period, a year-on-year decrease of 3.51%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 135 million yuan, a year-on-year increase of 72.55%.9.2500 million yuan, down from the same period last year 9.08%。

four days ago, on september 10,the administrative penalty information of the beijing branch of the people's bank of china shows thatbusinessthe company was warned and fined 2.9 million yuan for four violations: failure to ensure that transaction information is authentic, complete and traceable; failure to strictly implement the real-name system for merchants; failure to preserve the application materials, qualification review materials and other archives of the contracted merchants; and failure to set up the acquiring accounts of the contracted merchants in accordance with regulations. xu moudong, then deputy general manager of liandong advantage, was warned and fined 150,000 yuan.

in addition, according to statistics from interface news reporters, this is not the first time that liandong business has received a high fine issued by the state administration of foreign exchange.in 2018, liandong business was fined and confiscated more than 26 million yuan for providing online payment services for illegal transactions, transferring domestic foreign exchange abroad in violation of regulations, and other illegal and irregular acts; in july 2021, liandong business also received a fine from the business management department of the people's bank of china, and was fined 7.61 million yuan for four violations. gao zhangpeng, then executive director of liandong advantage and head of the anti-money laundering working group, and huang rong, then president of the company and head of the anti-money laundering working group, were fined 98,000 yuan and 83,000 yuan respectively.

at a critical moment in the approval of license acquisition

public data shows thatliandong commerce was established in 2011 and was the first third-party payment institution to be granted a payment license by the people's bank of china.according to the old version of payment services,business scope includesoverinternet payment, mobile phone payment, bank card acquiring。

on the evening of april 3, hailian jinhui announced that the company had signed an equity transfer agreement with tianjin tongrong e-commerce co., ltd., intending to transfer 100% of the equity of liandong youshi e-commerce co., ltd. (hereinafter referred to as "liandong business") held by its wholly-owned subsidiary liandong youshi technology co., ltd. to tianjin tongrong, a douyin-related company.。

in terms of the transaction price, referring to the valuation report issued by shanghai dongzhou asset appraisal co., ltd., the valuation of all shareholders' equity of liandong business as of the valuation base date was rmb 1.382 billion, and the price of this equity transfer was set as: the benchmark transfer consideration of rmb 750 million + the net asset amount after deducting the agreed matters and adjusting based on the consolidated financial statements of the target company on the equity delivery date ("net asset consideration", the net assets of liandong business on the valuation base date were rmb 649 million) ± the adjustment amount for other matters.

this means,this fully qualified payment license may be sold to douyin for nearly 1.4 billion yuan.if the equity transfer is successful, douyin will make up for the shortcomings in its offline payment collection business.

according to the latest announcement of hailian financial on august 28 this year, the equity transfer between hailian financial and tianjin tongrong, a company affiliated with douyin, still needs to be approved by the people's bank of china and reviewed by the state administration for market regulation for concentration of operators. there is uncertainty about the approval result and the time when the final decision will be made.