Tsinghua Unigroup's 100 billion reorganization plan was approved, and its listed unigroup shares rose 7%

21st Century Business Herald reporter Zhang Shilei reported from Shanghai

On January 17, Tsinghua Unigroup issued an announcement that the administrator received the (2021) Jing 01 No. 128 bis Civil Ruling delivered by the Beijing No. 1 Intermediate People's Court. According to the Civil Ruling, the Beijing First Intermediate People's Court ruled to approve the reorganization plan of the substantive merger and reorganization of seven enterprises, including Tsinghua Unigroup Co., Ltd., and to terminate the reorganization procedures of seven enterprises, including Tsinghua Unigroup Co., Ltd. On the same day, Tsinghua Unigroup (000938) and Unigroup Guowei (002049) also made announcements.

On December 13 last year, the manager of Tsinghua Unigroup disclosed the restructuring plan of Tsinghua Unigroup, announcing that Beijing Zhilu Asset Management Co., Ltd. and Beijing Jianguang Asset Management Co., Ltd. would be a consortium of leading parties to substantially merge and reorganize seven enterprises, including Tsinghua Unigroup.

However, this plan was opposed by Beijing Jiankun Investment Group Co., Ltd. and Zhao Weiguo, chairman of Tsinghua Unigroup, who questioned that the reorganization plan of Tsinghua Unigroup would directly cause the loss of state-owned assets of 73.419 billion yuan in the current period.

Since then, the manager of Tsinghua Unigroup Co., Ltd. has also responded to the report on the official website, saying that Zhao Weiguo has spread false statements. Jiankun Group also issued another open letter to all creditors, proposing to sell the high-quality assets of Tsinghua Unigroup through open bidding.

Interestingly, on December 29, 2021, the draft reorganization plan of the substantive merger and reorganization of seven enterprises including Tsinghua Unigroup was approved, and Beijing Jiankun Investment Group Co., Ltd., which is actually controlled by Zhao Weiguo, voted in favor.

With the approval of the reorganization plan at the legal level, this restructuring farce has finally come to an end.

The impact on the capital market is that if the debt problem is successfully solved, its listed companies will also gain new development.

CITIC Securities pointed out that the "consortium" has a state-owned background, or will effectively alleviate the group's financial pressure, while the "consortium" has rich investment experience in the semiconductor field and has a strong reserve of relevant technical talents, which is expected to promote the high-quality development of Tsinghua Unigroup and its subsidiaries. With the approval of the court ruling on the reorganization plan of Tsinghua Unigroup, the relevant risks have been basically lifted, and the incentive mechanism of Tsinghua Unigroup shares is expected to be further optimized.

On January 18, as of press time, Tsinghua Unigroup reported 26.15 yuan, up 7.3%; Unigroup Micro reported 223.82 yuan, up 1.59%.

For more information, please download the 21 Finance APP