ST Busen encountered "troubles" again: the actual controller was investigated for suspected embezzlement of his position and has been stranded overseas for a long time

Reporter | Shen Li

ST Busen (002569.SZ) is another actual controller to "plant".

On the evening of January 18, ST Busen issued an announcement that the company recently received a notice that Wang Chunjiang, the actual controller of the company, was investigated by the Haikou Municipal Public Security Bureau for suspected occupation of the position of Hainan Yilian Puhui Internet Microfinance Co., Ltd.

ST Busen said that at present, the company's business activities are normal, and the investigation has not had a significant impact on the production and operation of listed companies and corporate governance. The company will continue to pay attention to the progress of the above matters, maintain close communication and contact with the actual controller, and fulfill the corresponding information disclosure obligations in accordance with the regulations.

A week ago, the company just announced that Wang Chunjiang's controlling shareholder, Beijing Oriental Hengzheng Science and Trade Co., Ltd. (hereinafter referred to as "Oriental Hengzheng"), was judicially frozen by the Haikou Municipal Public Security Bureau. It represents 100% of its shareholding and 60% of the total share capital of the controlling shareholder.

According to the announcement of the listed company, due to the multiple litigation disputes involved, the equity has been frozen by the Guangzhou Tianhe District People's Court and the Jinhua Intermediate People's Court for several rounds of judicial freezes on July 26, 2021 and December 7, 2021. According to the data of Tianyancha, in addition to freezing the equity of Dongfang Hengzheng, the Haikou Municipal Public Security Bureau also froze the relevant shares of Yilian Huihua (Beijing) Technology Co., Ltd. (hereinafter referred to as "Yilian Huihua") held by Wang Chunjiang.

According to Tianyancha data, Hainan Yilian Puhui Internet Microfinance Co., Ltd. was established in 2016, and Wang Chunjiang's Yilian Huihua once held 30% of the company's equity. Wang Chunjiang, who also served and served as the legal representative of the company for a time, withdrew after May 2018, while Yilian Huihua withdrew from the ranks of shareholders on June 7, 2021.

It is worth mentioning that in August last year, after repeatedly absent from interviews with the Zhejiang Securities Regulatory Bureau, Wang Chunjiang, on the pretext that he was infected with the new crown and could not return to China, announced that he would irrevocably entrust the voting rights of 60% of the shares of Dongfang Hengzheng held by him to his mother-in-law, Wang Yazhu.

Subsequently, ST Busen threw out a fixed increase plan, which was wholly subscribed by Wang Yazhu's enterprises. After the completion of the non-public offering, the voting rights of the listed company controlled by Wang Yazhu through the control of the enterprise will increase to 35.04%, and he will become the new actual controller of the company.

However, the above changes have not yet been completed, but Wang Chunjiang has made a cut between himself and the listed company earlier, and after stepping down as the chairman and legal representative of ST Busen in September 2021, he has withdrawn from the director or legal representative of many of ST Busen's subsidiaries.

The interface news reporter inquired about the sky eye and found that in recent times, Wang Chunjiang's capital crisis has continued to break out. At present, the relevant equity of Wang Chunjiang's core enterprises Oriental Hengzheng, Yilian Huihua and Beijing Yilian Zhongying Technology Center (Limited Partnership) has been frozen or waiting to be frozen.