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cailianshe news, september 20 (reporters chen junlan and zhao xinrui)as an app application that provides stock data, "kaipanla" has attracted much attention from the market due to its "marriage" with the listed company yinzhijie. yinzhijie also attracted the attention of investors due to this merger and acquisition, and its stock price rose by two daily limits in a row.

on september 18, yinzhijie announced that the company's controlling shareholder and actual controllers zhang xuejun, chen xiangjun, and li jun signed a share transfer agreement with zhuo haihang, intending to transfer their 49.462 million unrestricted tradable shares to zhuo haihang through an agreement transfer, accounting for 7% of the total share capital.

judging from the shareholder structure of yinzhijie, if the transaction is successful, zhuo haihang will become the third largest shareholder of yinzhijie.

the reason why this transaction is so eye-catching is that zhuo haihang's other identity is that as the founder and legal representative of guangzhou kaipanla network technology co., ltd., he holds a 42.88% stake. the collision between yinzhizhao, an enterprise in the category of "information technology-computer software-industry application software", and kaipanla may not be beyond expectations.

it is worth mentioning that yinzhijie holds 26.1% of the shares of east asia qianhai securities and is a strategic shareholder of east asia qianhai securities. it is also worth paying attention to whether yinzhijie will further expand its business in the field of financial technology with the help of the resources and platform of "kaipanla" after the transfer of yinzhijie shares.

as of the close of september 20, yinzhijie closed at 12.31 yuan, having reached the daily limit for two consecutive days. the trading volume was 1.4429 million lots, with a turnover of 1.732 billion yuan. the dragon and tiger list data showed that institutions had a net sale of 170 million yuan, shenzhen stock connect had a net sale of 4.6807 million yuan, and the sales department seats had a net purchase of 105 million yuan.

the top five largest buyers were china merchants securities fuzhou liuyi middle road sales department, guotai junan securities heyuan yuewang avenue sales department, shenzhen stock connect special, tianfeng securities hangzhou jiaogong road sales department and dongxing securities hefei qianshan road sales department, accounting for 8.56% of the total transaction volume. there are obvious signs of hot money buying.

after the market closed today, yinzhijie routinely issued an announcement on abnormal stock trading fluctuations, stating that the company's self-examination did not violate the fair disclosure of information. this agreement transfer will not lead to a change in the company's control.

yinzhijie’s business is highly similar to “kaipanla”

yinzhijie was listed on the growth enterprise market in may 2010. it is a company that provides comprehensive innovative financial technology services to financial institutions, internet financial companies and individual consumers. its main businesses include financial information services, mobile information services and e-commerce. guangzhou kaipanla network technology co., ltd., a subsidiary of zhuohaihang, belongs to the software and information technology service industry.

the reporter found that the two companies have many similarities in their businesses. from the perspective of core business, yinzhijie and "kaipanla" are both financial technology services. the services provided by "kaipanla" include stock data app applications, which were officially launched on december 20, 2016. the application store positioned the application as "stock trading mobile software", providing users with free services such as deconstructing market logic, capital trends, and investment opportunities. yinzhijie mainly provides software products for the financial industry, mainly in information services.

in the context of similar businesses, zhuo haihang's investment in yinzhijie naturally aroused speculation. how can the two companies achieve business complementarity and further open up market space? are there any new business expansion plans? in this regard, cailianshe reporters asked yinzhijie for information. relevant personnel of the company said that zhuo haihang's investment in yinzhijie was mainly due to his optimism about the company's future development prospects. as for whether there will be strategic cooperation in the future, it may take until zhuo haihang becomes a shareholder of the company for the two parties to communicate on the business development and synergy of the two companies.

the completion of this equity transfer will undoubtedly have a certain impact on the future development of yinzhijie. yinzhijie's stock price closed at the daily limit on september 19 and 20, showing that the market paid close attention to this equity change.

intending to use a shell company?

regarding zhuo haihang's investment in yinzhijie, there are also market rumors that this equity transfer may involve a backdoor listing.

in response to this, xiang yinzhijie staff explicitly denied the backdoor listing rumors to cailianshe reporters, and stated that the transfer would not result in changes in the controlling shareholder and actual controller, nor would it have a significant impact on the company's governance structure and continued operations.

in addition to the response from yinzhijie, combined with relevant policy guidelines, in order to prevent improper shell company behavior, the current backdoor listing of enterprises is not encouraged by regulators. therefore, the possibility is small. however, the merger and reorganization between the two parties is another matter.

for investors, this equity transfer and market rumors may have a short-term impact on yinzhijie's stock price. in the long run, the company's fundamentals and business development will be the key factors affecting the stock price. investors should fully consider the company's financial situation, industry prospects and potential business cooperation opportunities when making investment decisions.