Inheritance procedures are in progress
Author | Zhaorui Sun Lili
Mr. Xie Passed away due to illness on 18 December 2021, and the relevant inheritance procedures are in the process.
Not long ago, Zhongzhi listed company *ST Baode disclosed. It has been about 100 days since the sudden death of Xie Zhikun, a generation of capital tycoons who founded the trillion-level middle plant system on December 18, 2021, and his equity inheritance plan has not been disclosed.
In the "2022 Hurun Global Rich List" in March this year, the three words Xie Zhikun are no longer among them, but replaced by Zhongzhi's "Xie Shi", with a wealth of 23.5 billion yuan.
On the other hand, after Xie Zhikun's nephew and Chairman liu Yang of Zhongrong Trust took over the "scepter" and presided over the overall work of Zhongzhi Group, The Zhongzhi Department also lined up under the leadership of the new leader, not only the capital map changed, but also some core management personnel also had post adjustments.
01 Inheritance
One of them is Wang Yungui.
On March 3, Kangsheng Shares, a listed company controlled by ZhongzhiZhi, said that Wang Yungui applied for resignation as chairman of the company and the professional committee of the fifth board of directors for personal reasons. After his resignation, Wang Yungui will no longer hold any position in the company.
On March 14, Yushun Electronics, another listed company of the Sino-Phytocratic System, said that Wang Yungui, a director of the company, applied for resignation as a director of the company's fifth board of directors for personal reasons and would not serve in the company after resignation.
Wang Yungui, who was the director of the General Department of the State Administration of Foreign Exchange, joined Zhongzhi in 2016, and in addition to the executive vice president of Zhongzhi Group, his other known identity is the chief economist of Zhongzhi Group.
In Chinese society, the middle plant system, which is at the head of the independent tide, has a set of quite distinctive management mechanisms. Xie Zhikun was the chairman of the board of directors and chief executive officer of Zhongzhi Enterprise Group before his death, and under him there are the well-known "eight chiefs":
Chief Economist Wang Yungui, Chief Operating Officer Niu Zhanbin, Chief Risk Management Officer Yan Maokun, Chief Wealth Management Officer Wu Jianhua, Chief Resources Officer Luo Yinyu, Chief Human Resources Officer Wang Yu, Chief Financial Officer Ma Hongying, chief compliance officer Liu Fuhua.
Not only Wang Yungui, but also Wu Jianhua, chief wealth management officer of Zhongzhi Group, has also recently changed his position.
In February this year, after the Zhongzhi Department ceded the controlling shareholder status of Meierya, Meierya announced that the board of directors received the resignation reports of Wu Jianhua, Qiao Shifeng and Zhang Yi, all of whom applied to resign as directors of the company for personal reasons, and would not hold any position in the company after resignation.
Other members of the "Eight Chiefs" have also recently appeared from time to time.
For example, Luo Yinyu, chief resource officer of Zhongzhi Enterprise Group and chairman of Zhongzhi Energy Group Co., Ltd., held talks with Ao Hong, director of the Guizhou Provincial Energy Bureau, in Guiyang in March this year on safety production issues.
Compared with the position changes of core executives such as Wang Yungui, after xie Zhikun's death, the inheritance of his huge inheritance has attracted more market attention.
Xie Zhikun and his ex-wife reportedly had a daughter, Xie Rutong (also known as Xie Huikun). Yushun Electronics, a listed company, once disclosed in the announcement that Xie Zhikun and Xie Rutong were immediate family members.
Whether it is Xie Rutong or Xie Hui, these two names are closely related to Xie Zhikun's capital territory.
Before 2018, Xie Rutong was the main shareholder of Zhongtai Chuangzhan Holdings Co., Ltd., which had participated in the capital operation of Zhonghong Shares, Kangdexin and other companies for many times.
The name Xie Huishu intersects more with the Middle Plant. It not only actually controls a number of companies related to the Zhongzhi system, but also directly holds part of the equity of zhongzhi group.
Singer Mao Amin married Xie Zhikun in 2003, and the two have a daughter and a son, and they are still young. Some media quoted people from the Chinese plant system as saying,
Mao Amin did not meddle in the company's affairs.
A family office practitioner told Fortune Quality,
In recent years, as the older generation of entrepreneurs has aged, the legacy business has slowly begun to attract attention from insiders. The difficulty and duration of handling inheritance mainly depends on three aspects: whether the older generation of entrepreneurs have a clear will, whether the shareholding structure of the enterprise is clear, and the personal situation of the heirs. Whether the inheritance can be successfully inherited is not only the premise of the intergenerational inheritance of family wealth, but also directly related to the long-term development of the enterprise and even its partners.
Fortune Quality notes that Xie Zhikun's nephew assumed great responsibility after his death.
On December 20, 2021, the WeChat public account of Zhongzhi Enterprise Group released a "Letter to Customers and Friends", and the payment was signed as Liu Yang. It is said that on December 18, 2021, the management of the group held an emergency meeting to deploy relevant work, and after discussion and decision between Xie Zhikun's family and the management of the group, he presided over the overall work of the group.
The Xie family, which grew up in the black land of northeast China, has produced many capable people in each generation.
Xie Zhikun's generation, there are Xie Zhichun and Xie Zhiqiu, all of whom are giants and capable people in the financial circle. Among the juniors, Liu Yang is relatively prominent.
In May 2009, at the age of 35, Liu Yang became the chairman of Zhongrong Trust. In 2015, Liu Yang served as the chairman of the board of directors of Zhongrong Trust and served as the chairman of the board of directors of the group until 2016.
Today, Liu Yang is once again at the helm of Zhongzhi Enterprise Group. In his letter, he made this statement about the future of the Chinese plant system:
In the future, Zhongzhi Enterprise Group will, as always, empower and guide wealth companies in accordance with the law and compliance. Changes in the group's leadership will not affect the established strategy and proper functioning of the wealth company, nor will it affect the wealth management of customers.
02 Array
In addition to taking charge of Zhongzhi Group, Zhongrong Trust, founded by Xie Zhikun, invested by Zhongzhi and chaired by Liu Yang, has recently made a major move with the richest man in Shanghai.
Fortune Quality notes that on March 21, Zhongrong Trust signed an agreement with Zhejiang Fosun Commercial Development Co., Ltd. to sell its 50% interest in Shanghai Fosun Bund Real Estate Co., Ltd. to the latter for a consideration of RMB6.342 billion.
Fosun Bund Real Estate's main business is to hold properties in the Bund Financial Centre (BFC) in Shanghai. As of the end of 2021, the valuation of BFC properties was 23.078 billion yuan.
After the completion of the transaction, Guo Guangchang's Fosun International will indirectly hold 100% of the equity of Fosun Bund Real Estate, and the former "land king" of the Shanghai Bund, the Bund Financial Center, will all fall into the pocket of Guo Guangchang, the richest man in Shanghai.
Earlier, after the death of Xie Zhikun, Zhongrong Trust announced that its controlling shareholder, Jingwei Textile Machinery, who was backed by a central enterprise, said that it was performing the approval procedure for the capital increase. The warp and weft spinning machine said,
As the controlling shareholder of Zhongrong Trust, we will, as always, support the sustainable and healthy development of Zhongrong Trust, and will work with all shareholders to maintain the operational stability of Zhongrong Trust. Sinomach Group and Hengtian Group attach great importance to the stable operation of Zhongrong Trust, and require Jingwei Textile Machinery to effectively fulfill the responsibilities of shareholders and support the overall stable operation of Zhongrong Trust.
In addition to Zhongrong Trust, at the beginning of this year, there were also major changes in the fund sector of Zhongzhi.
On January 7, Zhongzhi Group announced that it will integrate its four independent fund sales companies, Beijing Hengtian Mingze Fund Sales Co., Ltd., Beijing Zhixin Fund Sales Co., Ltd., Tangding Yaohua Fund Sales Co., Ltd., and Beijing Shengshi Tianxia Fund Sales Co., Ltd. into Beijing Zhongzhi Fund Sales Co., Ltd.
After the four-in-one Zhongzhi Fund, Zhongzhi Wealth Holdings Co., Ltd., Hengtian Wealth Investment Management Co., Ltd., Xinhu Wealth Investment Management Co., Ltd., Datang Wealth Investment Management Co., Ltd., and Gao sheng Wealth Holding Group Co., Ltd. jointly held the fund, and the registered capital increased from 50 million to 350 million.
03 Slimming down
After Xie Zhikun's death, Zhongzhi Group announced:
In the next step, the Group will continue to adhere to the two-wheel drive of industry and asset management in accordance with the development strategy determined by Mr. Xie Zhikun, further highlight the development of real industries, and strengthen and optimize asset management.
Zhongzhi is a major sector in the development of industry, which is a series of listed companies. In March 2020, Niu Zhanbin, chief operating officer of Zhongzhi Group, said,
Zhongzhi Group has determined the dual main business structure of industry + finance, vigorously developed the real economy, and controlled and participated in several listed companies. In terms of real industry, Zhongzhi Group takes listed companies as the carrier and actively focuses on the pain points and shortcomings of the national supply-side reform, focusing on big data, early childhood education, new energy vehicles, solar photovoltaic cells, enterprise services, ecological gardens, cattle fattening, energy resource development and other fields.
"Wealth Quality" noted that shortly after Xie Zhikun's death, Meierya, a listed company in the Zhongzhi system, issued an announcement that Zhongzhi Rock Energy Capital transferred its 2.5% equity in China Textile Silk Road (Tianjin) Textile and Garment Technology Co., Ltd. to Beijing Zhongfang Silk Road Investment Management Co., Ltd. at a transfer price of 425 million yuan.
After the completion of the share transfer, the direct controlling shareholder of Meierya remains unchanged and remains Meierya Group, but the indirect controlling shareholder is changed from Zhongzhi Group to Hubei Baijia Xingao, and Zheng Jiping will become the actual controller of Meierya.
Another listed company with a deep layout in the Zhongzhi system, the equity structure has also quietly changed.
In February this year, an announcement of the change of the shareholding structure of *ST Baode showed that TCL withdrew from Beijing Capital Rongtong Investment Co., Ltd., and Capital Rongtong became a wholly-owned subsidiary of Tianjin Capital Ronghua Investment Co., Ltd., a subsidiary of Zhongzhi.
Previously, TCL was its major shareholder, and it held shares with Zhongzhi and others. This means that the relationship between the Chinese plant system and one of its "allies" of the year, TCL, has also changed.
The Middle Plant has worked closely with TCL. The two companies have jointly invested in the establishment of companies, engaged in equity investment and other businesses; they have also held up Omar electrical appliances.
In addition to listed companies, in order to enter the real industry, Zhongzhi has also established Zhongzhi Energy Group and Resource Group, with registered capitals of up to 1 billion yuan and 5 billion yuan respectively.
According to Luo Yinyu, chairman of Zhongzhi Energy, the two major groups have their own division of labor and focus. Zhongzhi Energy Group is primarily responsible for the energy business, including coal-related mineral business. Zhongzhi Resources is mainly responsible for the operation of metal, non-metallic, that is, non-coal mine assets.
After Xie Zhikun's death, some of the assets of zhongzhi in the energy and resource sectors also changed owners.
In January 2022, the equity of Ningxia Xinpeng Chemical Co., Ltd. (hereinafter referred to as "Xinpeng Chemical") and Ningxia Wanjinshan Precious Metal Operation Co., Ltd. (hereinafter referred to as "Wanjinshan Company"), a subsidiary of Zhongzhi, changed.
"Wealth Quality" noted that the takeover party of this time, Ningxia Yichao Art Sales Co., Ltd. (hereinafter referred to as "Yichao Company"), was just established on January 4, 2022, and the shareholders are natural people Ma Yue and Liu Pengfeng.
Not long after, Zhongzhi also withdrew from a coal company, Zhenxiong Fu'an Coal Industry Co., Ltd.
According to industrial and commercial information, the Zhongzhi Department entered Fu'an Coal Industry in May 2021, and the original shareholder, Yunnan Xinlong Zhisheng Mining Co., Ltd., withdrew. Now that Zhongzhi has withdrawn from Fu'an Coal Industry, the old shareholder Yunnan Xinlong Zhisheng Mining Co., Ltd. has returned.
The Scythians have passed away, and the things have been returned to their original owners.