On February 10, 2023, Mr. Zheng Yonggang, founder of Shanshan Enterprise and chairman of the board of directors of Shanshan Holdings, passed away due to sudden heart disease treatment at the age of 65.
From the beginning of the suit to the cross-border lithium battery new energy, 34 years across the business world, Zheng Yonggang's business legend has ended, but Shanshan will still move forward. At that time, Zheng Yonggang took over the insolvent garment factory to become the first in China, so he was also known as the "clothing king". In 1989, Zheng Yonggang took over the Ningbo Yonggang Garment General Factory, a difficult enterprise that changed its director three times in three years. At that time, the directors of garment factories across the country were busy with production and making a fuss about products. Most factories do not yet have brand awareness, and Zheng Yonggang took the lead in creating the "Shanshan" brand. In order to better create momentum for the brand, Zheng Yonggang ran to Beijing CCTV to advertise. In 1996, Shanshan was listed on the Shanghai Stock Exchange and became the first stock of Chinese clothing. By 1998, the sales revenue of Shanshan brand reached 2.35 billion yuan, and occupied the first place in China's clothing market share for seven consecutive years, with a comprehensive market share of 37.4%.
When Shanshan was at its most brilliant, Zheng Yonggang crossed the border to make new energy and new materials. I have to admire Zheng Yonggang's vision, enterprises want to become bigger and stronger only have transformation, after all, suits cannot become Chinese's mainstream clothing, transformation is the only way out. New energy and new materials were in the research stage at that time, but he had a unique vision, "I am not a scientist, I don't understand technology, but I can smell that this will be a good thing." After two years of continuous design and testing with Anshan Thermal Energy Research Institute, it was finally officially put into production in 2001, ending the monopoly of Japanese companies on lithium battery anode materials.
Facts have proved that Zheng Yonggang's decision is not wrong, as the country vigorously promotes the development of new energy, in 2013, Shanshan's lithium battery revenue comprehensively exceeded the clothing business. Zheng Yonggang has also changed from a "clothing king" to a "lithium battery giant".
And the sudden death of Zheng Yonggang has recently staged a farce of forcing the palace for the development of enterprises and the issue of heirs. The power grab battle of tens of billions of listed companies is simply more exciting than TV series. Equity disputes and power wars will also become the biggest Waterloo of enterprises.
On March 23, due to the death of Zheng Yonggang, the actual controller of the company, in order to ensure the normal operation of the company, the company's board of directors elected a new chairman Zheng Ju. Zheng Ju is the son of Zheng Yonggang's ex-wife, and Zheng Yonggang's current wife also appeared at the extraordinary shareholders' meeting on March 23 and told the shareholders present that she should become the actual controller of Shanshan shares based on inheritance. I'm afraid this TV doesn't dare to act like this, openly forcing the palace. This palace war has also attracted the attention of the Shanghai Stock Exchange, urging the company and relevant parties to properly handle relevant matters and ensure the stable operation and standardized operation of listed companies.
Ningbo Qinggang, the largest shareholder of Shanshan shares, is not solely owned by Zheng Yonggang, of which Zheng Yonggang contributed 153 million yuan to hold 51% of the shares, and another natural person shareholder Zhou Jiqing contributed 147 million yuan, holding 49% of the shares, and Zhou Jiqing also served as a supervisor of Ningbo Qinggang. Zhou Jiqing is Zheng Yonggang's ex-wife, that is, the biological mother of Zheng Ju, the current chairman of Shanshan Shares.
Zheng Yonggang's current wife is Zhou Ting, born in Hangzhou, Zhejiang Province in 1985, graduated from Zhejiang University majoring in journalism and communication. Zhou Ting and Zheng Yonggang met because of the program "Private Enterprises in Shanghai" hosted by her. Since 2016, Zhou Ting has disappeared and has hardly hosted any programs. The two married in 2017 and have three sons. First of all, Zhou Ting is likely to be a junior, after all, the difference between the two is nearly 30 years old and it is too far-fetched to talk about love. Secondly, she lived in Japan all year round and did not have the time and energy to participate in the group's management. Moreover, Zheng Ju was originally cultivated as a successor, and his mother had a very high prestige in the group, and the Shanshan Group was also run by the husband and wife at that time. The current vice chairman Zhuang Wei is Zheng Ju's uncle, and the general manager Li Zhihua is Zheng Ju's uncle, it can be seen that the structure of Shanshan Group is a family business, and the management is the power of his ex-wife's family. And Zheng Yonggang has been living in Japan with his little wife all these years, and it is actually difficult for Zhou Ting to gain control.
The most taboo thing for a listed company is this kind of storm, hoping that Shanshan can smoothly pass the power grab war and become bigger and strongest with a better attitude under the leadership of the new generation.