Another rich woman planted! On the 24th, Huabao Shares and Huabao International issued announcements one after another, and the actual controller Zhu Linyao was filed for investigation. On the evening of January 26, Huabao announced the progress of the case, saying that the company learned from Zhu Linyao's family that Zhu Linyao had been placed under residential surveillance at a designated residence.
Screenshot from the official website of Warburg International Holdings Limited.
The rich woman was investigated, and the stock price of her company plummeted
On the 24th, Huabao Co., Ltd. issued an announcement that Huabao Flavor Co., Ltd. (hereinafter referred to as "Huabao Shares") recently received a notice of filing a case from the Leiyang Municipal Supervision Commission, and it decided to file an investigation into the illegal issue of Zhu Linyao, the actual controller of the company.
On the same day, Hong Kong-listed Huabao International also announced that it had been notified by Huabao Shares, a non-wholly-owned subsidiary of the Company, that Huabao Shares had received a notice of filing a case from the Leiyang Municipal Supervision Commission, and that Zhu Linyao, the chairman, chief executive officer, executive director and controlling shareholder of the Company, was now under investigation for suspected violations of the law.
After Huabao issued the above announcement, it also received a letter of concern from the Shenzhen Stock Exchange on the 24th, requesting the company to add the information it has obtained so far on the specific matters of the investigation of Zhu Linyao's illegal issues by the Leiyang Municipal Supervision Commission, whether the company is suspected of major violations of laws and regulations, and the personal debts of Zhu Linyao in the company's possession, as well as the current direct or indirect holding of the company's share pledge or other rights restrictions.
Affected by the investigation of the actual controller, on January 24, Huabao shares fell to a halt, and hong Kong stock Huabao International fell more than 70% in the intraday, and finally closed down 66.53%. On January 25 and 26, the share price of Huabao shares continued to fall, and the stock price of Huabao International rebounded.
Rich List "Regulars"
According to the official website of Huabao Co., Ltd., it is mainly engaged in the research and development, production, sales and service of tobacco flavors, food flavors, daily flavors and food ingredients, and currently has a total of 39 subsidiaries at home and abroad, which is an international and modern large-scale enterprise group, 2014-2020, with annual sales ranking first in the industry (ranking originates from The China Fragrance and Flavor Cosmetics Industry Association).
The picture comes from the official website of Huabao Shares.
Although "holding" the industry leader, in the eyes of the outside world, the "helmsman" Zhu Linyao is quite low-key.
According to public information, Zhu Linyao was born in Sichuan and established Huabao Co., Ltd., the predecessor of Huabao Shares, in Shanghai in June 1996. Since March 2004, he has served as Chairman of the Board, Chairman of the Nomination Committee and Chief Executive Officer of Warburg International. From November 2015 to September 24, 2017, he served as the chairman of Huafeng China.
According to the shareholding structure, Huafeng China holds 81.1% of the shares of Huabao Flavor Co., Ltd.
The mall has been "cultivating" for decades, accumulating a huge wealth for Zhu Linyao. In the 2021 Forbes Global Rich List, Zhu Linyao ranked 831st on the list with a wealth of US$3.6 billion; in the 2021 Hurun Rich List (China), Zhu Linyao ranked 122nd with a wealth of 49 billion yuan; in November 2021, Zhu Linyao was selected into the "2021 Hurun Women Entrepreneurs List", ranking 11th.
The company's post-listing reduction cash out and high dividends have attracted attention
In addition to being a regular on the rich list, Zhu Linyao also has a title of "Queen of Pumping".
The "2011 Hurun Cash-out Rich List" once pointed out that after Huabao International was listed in Hong Kong in 2004, Zhu Linyao began to reduce his holdings for the first time in 2006, and through continuous reduction of Huabao International's shares, the cumulative cash out was 8.5 billion yuan, and the shareholding ratio also fell from 70% in 2006 to less than 40% at present. Since 2010, it has accumulated 3.5 billion yuan in cash through the reduction of shares.
Not only did it cash out wildly on Huabao International, but after the listing of Huabao shares in 2018, it also attracted the attention of the market with high dividends.
In March 2019, Huabao disclosed its 2018 annual profit distribution plan, which intends to pay a cash dividend of 40 yuan (including tax) to all shareholders for every 10 shares, with a total cash distribution of about 2.464 billion yuan. Because its dividends are much higher than the company's net profit in 2018, it has also caused market controversy.
Screenshot of Huabao's 2018 annual dividend plan.
But Huabao shares have not stopped the pace of dividends. In 2019 and 2020, it paid dividends of 1.22 billion yuan and 985 million yuan respectively. On January 18, Huabao also issued the first restricted stock incentive plan (draft), which intends to grant 22.6 million restricted shares to the incentive recipients, accounting for about 3.67% of the company's total share capital of 615.88 million shares at the time of the announcement of the draft incentive plan.
Was it investigated or related to the anti-corruption storm of Hunan Tobacco?
Warburg International said that as of the date of the announcement, the company had not been provided with any details about the nature of the alleged illegal matters that Zhu Linyao was currently under investigation.
According to the Securities Times, some insiders said that the Zhu Linyao case was rumored in the industry, which was related to liu Jianfu, a member of the party group and deputy general manager of Hunan China Tobacco Industry Co., Ltd. last year.
According to the "Sanxiang Fengji" public account in August 2021, Liu Jianfu, a member of the party group and deputy general manager of Hunan China Tobacco Industry Co., Ltd., was suspected of serious violations of discipline and law, voluntarily surrendered, and was subject to disciplinary review by the discipline inspection and supervision team of the State Supervision Commission of the Central Commission for Discipline Inspection in the Ministry of Industry and Information Technology and the supervision and investigation of the Hunan Provincial Supervision Commission. (End)
Column Editor-in-Chief: Gu Wanquan Text Editor: Cao Fei Caption Source: 笪 Xi Photo Editor: Su Wei
Source: Author: Zhongxin Financial Reporter Xie Yiguan