The A-share market is now a sky-high "break-up fee"!
On April 13, Jingquanhua, a shenzhen listed company, disclosed that Mr. Zhang Lipin and Ms. Dou Xiaoyue, the controlling shareholder and actual controller of the company, had gone through divorce procedures and dissolved the marriage relationship.
According to the Divorce Agreement signed by the two parties, Zhang Lipin transferred 15.04 million shares of Jingquanhua he held to Dou Xiaoyue's name. Based on the closing price of 14.84 yuan per share on the day, the market value of the above shares exceeded 200 million yuan.
It is worth noting that since the end of September last year, Jingquanhua's stock price has staged a "roller coaster". The company rose nearly 2x in more than two months, then took another 4 months to fall back to square one. The data shows that since the high of 36.82 yuan / share in December last year, Jingquanhua's stock price has fallen by nearly 60%.
In recent years, A-share listed companies have frequently seen sky-high divorce cases. For example, li Xin, the actual controller of Xinjie Electric, transferred 1.5 billion yuan worth of shares to his ex-wife due to divorce, and Zhou Yahui, chairman and actual controller of Kunlun Wanwei, gave his ex-wife a share value of more than 7 billion yuan when he divorced. So far, the record of A-share divorce break-up fees has been created by Du Weimin, the chairman and actual controller of Kangtai Biotech, when Du Weimin divided the shares of his ex-wife Yuan Liping due to divorce, worth up to 23.5 billion yuan.
The actual controller of Jingquanhua transferred more than 200 million yuan of shares to his ex-wife
On April 13, Jingquanhua announced that Zhang Lipin and Dou Xiaoyue, the controlling shareholder and actual controller of the company, had gone through divorce procedures, dissolved the marriage relationship, and signed the "Divorce Agreement" and the "Voting Rights Authorization Agreement", and carried out the relevant property division and voting rights entrustment.
As of the announcement date, Zhang Lipin held 35.87 million shares of Jingquanhua shares, accounting for 19.93% of the company's total share capital, and Dou Xiaoyue held 5.79 million shares of the company's shares, accounting for 3.22% of the company's total share capital. According to the Divorce Agreement, Zhang Lipin transferred 15.04 million shares of the company he held to Dou Xiaoyue's name at one time without additional conditions and through non-transactional transfer.
On the day of the 13th, Jingquanhua's stock price closed down 6.43% at 14.84 yuan / share. Based on the closing price, the value of the 15.04 million shares transferred above exceeded 223 million yuan.
After the change of rights and interests, Dou Xiaoyue held a total of 20.83 million shares of the company, accounting for 11.57% of the total share capital of the company; Zhang Lipin held 20.83 million shares of the company, accounting for 11.57% of the total share capital of the company; Zhang Lipin and his co-actor Zhang Liyang held a total of 28.43 million shares of the company's shares, accounting for 15.79% of the company's total share capital.
At the same time, Dou Xiaoyue entrusted Zhang Lipin with the corresponding voting rights of 20.83 million shares of the company's shares, as well as the right to nominate and propose, and Zhang Lipin agreed to accept the entrustment. Therefore, this change in equity led to the actual controller of the company being jointly controlled by Zhang Lipin and Dou Xiaoyue to being controlled by Zhang Lipin alone, but it did not lead to a change in the controlling shareholder of the company and did not involve a change in the control of the company.
It is understood that Dou Xiaoyue has left the position of deputy general manager of the company on March 23, 2022, and is not currently serving in Jingquanhua and has not participated in the company's production and operation. Since the date of the termination of the marriage relationship, Dou Xiaoyue is no longer the actual controller of the company, and his increase or decrease in shares is no longer calculated in conjunction with Zhang Lipin.
According to public information, Zhang Lipin was born in October 1964, with a bachelor's degree and a senior engineer. Dou Xiaoyue was born in October 1965 with a master's degree.
Jingquanhua stock price staged a roller coaster: nearly tripled and then fell back to the original point
Focusing on the electronic components industry, Jingquanhua is a solution provider integrating the production of magnetic components and power products, as well as component potting and assembly technology. The company's products include high-frequency transformers, low-frequency transformers, intelligent power supplies, gallium nitride power supplies, LED power supplies, inverters, three-phase transformers, etc., the main application areas involve new energy vehicles and charging piles, 5G communications and applications, data centers, photovoltaics, wind power generation and energy storage.
In the secondary market, since the end of September last year, Jingquanhua's stock price has staged a roller coaster market. Between September 30 and December 6, 2021, the company rose nearly twice. However, since the high of 36.82 yuan per share on December 7, 2021, Jingquanhua's stock price has fallen by nearly 60%, and the market value has shrunk to 2.7 billion yuan.
From the performance point of view, in recent years, Jingquanhua's revenue has remained stable, but the net profit has declined. In 2019 and 2020, the company's revenue was 1.333 billion yuan and 1.314 billion yuan, respectively, an increase of 14.28% and -1.43% year-on-year, and the net profit attributable to the mother was 52.06 million yuan and 32.8 million yuan, down 34.7% and 37.01% year-on-year, respectively. In the first three quarters of 2021, the company's revenue was 543 million yuan, an increase of 47.23% year-on-year, and the net profit attributable to the mother was 15.93 million yuan, down 0.53% year-on-year.
A-share listed companies frequently appear in sky-high divorce cases
In recent years, A-share listed companies have frequently seen sky-high divorce cases.
On the evening of September 12, 2016, Kunlun Wanwei announced that it had received a notice from Zhou Yahui, the actual controller and chairman of the company, and that Zhou Yahui and Li Qiong had reached an agreement on the division of shares. Zhou Yahui split the 207 million shares of Kunlun Wanwei that he directly held to Li Qiong's name.
In addition, Zhou Yahui divided the paid-up capital of Yingrui Century of 946,400 yuan held by him to Li Qiong's name, Yingrui Century indirectly held 200 million shares of Kunlun Wanwei, and Li Qiong indirectly obtained 70.54 million shares of Kunlun Wanwei by dividing the paid-up capital of Yingrui Century, and the above shares belonged to Li Qiong from the date of transfer.
In summary, Li Qiong directly and indirectly divided 278 million shares of Kunlun Wanwei's shares. Based on Kunlun Wanwei's closing price of 25.33 yuan on September 12, 2016, the value of this part of the equity is more than 7 billion yuan.
On the evening of January 25, 2017, Mengjie announced that Jiang Tianwu, the actual controller and chairman of the company, signed a divorce agreement with Ms. Wu Jing, and Jiang Tianwu divided 127 million shares of the company's shares into Wu Jing's name, and according to the stock price at that time, the market value of the above-mentioned split shares was about 1 billion yuan.
In May 2020, the vaccine manufacturer Kangtai Bio announced that due to the dissolution of the marriage relationship and the division of property, Du Weimin, the company's controlling shareholder and actual controller, intended to divide and transfer 161 million shares of the company(23.99% of the total share capital) to Ms. Yuan Liping.com. According to the stock price of Kangtai Biologics at that time, the market value of the split shares reached 23.5 billion yuan, and the most expensive "break-up fee" of A shares was born.
In October 2020, Li Xin, the actual controller of Xinjie Electric, transferred shares worth 1.5 billion yuan to his ex-wife due to divorce. At that time, according to the "Voluntary Divorce Agreement" signed by Li Xin and Liu Tingli, Li Xin divided and transferred the 16.87 million shares of Xinjie Electric directly held by him to Liu Tingli's name.
Editor-in-Charge: Ringoon