the major shareholder of "qiaotou hotpot" sold all its shares at a minimum transfer price of 5.268 million yuan
2024-09-26
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according to the red star capital bureau on september 25, recently, 18.96% of the shares of chongqing qiaotou hotpot catering service co., ltd. (hereinafter referred to as "qiaotou hotpot catering") were publicly listed for sale, which quickly attracted attention from the industry.
according to the national property rights industry information comprehensive service platform, the equity transferor is the chongqing nan'an district commerce committee, which is the largest shareholder of qiaotou hotpot catering.
the picture comes from the national property industry information comprehensive service platform
major shareholder sells nearly 19% stake
according to the official website, qiaotou hotpot restaurant owns the well-known hotpot brand "qiaotou" trademark, which is valued at 60 million yuan after market evaluation. in 1994, qiaotou hotpot was named a "chinese time-honored brand" by the ministry of commerce of china, and in 2003 it was awarded the title of "china's top ten hotpot restaurants".
according to the national property industry information comprehensive service platform, 18.96% of the equity of qiaotou hotpot catering was publicly listed for transfer recently. the red star capital bureau noted that the equity transferor is the chongqing nan'an district commerce committee. from the perspective of equity structure, it holds 18.96% of the equity of qiaotou hotpot catering, ranking as the company's largest shareholder. the second largest natural person shareholder is yi jiaming, holding 6.4%; the third largest shareholder is chongqing nan'an district sugar and wine co., ltd., holding 2.69%. the company's chairman xia hongliang is the fourth largest shareholder, holding 2.83%.
the picture comes from the national property industry information comprehensive service platform
the transfer will be conducted through online bidding, with a minimum transfer price of 5.268 million yuan and an assessed price of 6.585 million yuan. deposits have been accepted since september 23 and the deadline is october 11.
regarding the reason for the equity transfer, the red star capital bureau called the transferor’s disclosed contact information, but as of press time, no effective response has been received. the red star capital bureau then called qiaotou hotpot catering, and the operator said that he was not clear about the equity transfer.
the transfer information mentioned that the original shareholders had the right of first refusal for the 18.96% equity of qiaotou hotpot catering, but the transferor sent a letter to the original shareholders on august 2 to inform them of the equity transfer and the exercise of the right of first refusal. some of the original shareholders have not responded yet. in addition, the company's management has no intention of acquiring the company.
as of the end of last year, qiaotou hotpot catering had a total of eight pending lawsuits involving 572,000 yuan, but the court has not yet made a ruling. the transfer announcement stated that it is difficult to determine whether this part of the contingent liabilities will constitute the company's debt.
hotpot restaurants are gradually shrinking.focus shifted to base material business
among the many chongqing hotpot brands, qiaotou hotpot has a long history and is well-known. qiaotou hotpot originated in 1908 and is the first foreign-related designated hotpot restaurant in chongqing and the first hotpot restaurant with air conditioning in chongqing. it has a history of 100 years.
according to its official website, in the 1940s, the haitangxi wharf on the south bank of the yangtze river in chongqing became the main cargo turnover point for aid materials for the war of resistance against japanese aggression, with hundreds of ships docked in and out every day. wooden boat owners li wenjun and ye yuchang built houses with bamboo and wood, and built stoves with bricks and stones, and each built a thatched hut beside the haitangxi stone arch bridge. they opened two hot pot restaurants, which were favored by boatmen and trackers. li and ye became the founders of qiaotou hot pot. after liberation, the two hot pot restaurants were merged into a state-owned store through public-private partnership, and became part of the state-owned enterprise of nan'an district catering company.
according to the official wechat account of qiaotou hotpot catering, in 1997, qiaotou hotpot was restructured, with more than 120 private shareholders holding 82% of the shares, and only 18% of the state-owned shares were retained. due to the incomplete restructuring, qiaotou hotpot was in a difficult situation for a period of time. at that time, xia hongliang, who had just joined the company for a year, proposed to adjust the marketing model from the perspective of thinking to launch the brand, expand franchises, and speed up the layout of chain stores. in the 2007 company election, xia hongliang was elected as the chairman and general manager of chongqing qiaotou hotpot catering service co., ltd.
later, qiaotou hotpot catering has developed into a comprehensive enterprise integrating catering, base material processing, shopping malls, accommodation, and photography, and it once had more than 200 franchise stores across the country.
according to chongqing daily-new chongqing in 2017, chongqing qiaotou hotpot has focused its industry on the large-scale production of hotpot base. in 2004, chongqing qiaotou hotpot seasoning co., ltd. was established to carefully produce "qiaotou" hotpot base and a series of seasonings. in 2014, chongqing qiaotou food co., ltd. was established.
from the perspective of equity, qiaotou hotpot catering currently only holds 0.5% of the shares of qiaotou food co., ltd., and the former has no equity relationship with qiaotou hotpot seasoning co., ltd.
in recent years, the number of qiaotou hotpot stores has gradually shrunk. according to data from hongcan.com, as of september this year, there are only 17 stores left in the country. the operating conditions of qiaotou hotpot catering are not optimistic. the transfer announcement disclosed that qiaotou hotpot catering will have a revenue of 1.2518 million yuan, an operating loss of 323,000 yuan, and a net profit of 831,200 yuan in 2023. in the first half of 2024, the company's revenue was 598,000 yuan, operating profit and net profit were 82,900 yuan, total assets were 6.2059 million yuan, total liabilities were 6.8722 million yuan, and net assets were -666,300 yuan.
however, the business of qiaotou hot pot soup base continues to grow and develop. according to jiangjin rong media, yu hongjiang, chairman of qiaotou food, said in an interview in 2022 that 6,000 pieces of hot pot soup base, 4,000 pieces of fish seasoning, and 5,000 pieces of other compound seasonings are shipped to 32 provinces, municipalities and autonomous regions across the country, as well as countries and regions such as the european union and southeast asia every day.
red star news reporter qiang yaxian
editor: xiao shiqing
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